Queensland Pacific Metals (ASX:QPM) is developing the 100% owned Townsville Energy Chemicals Hub (TECH) Project. The TECH Project will be a modern and sustainable battery metals refinery, 40km south of Townsville, in northern Queensland, Australia. With a nameplate production of 16kt nickel metal contained in nickel sulfate and 1.75kt cobalt metal contained in cobalt sulfate, QPM will produce critical metals for the rapidly emerging lithium-ion battery and electric vehicle (EV) sector.
QPM shareholders include global battery manufacturing leader LG Energy Solution, major Korean conglomerate POSCO and American multinational automotive manufacturing company General Motors. QPM has secured binding offtake agreements for the sale of nickel and cobalt with LG Energy Solutions, POSCO and General Motors.
QPM, through its energy business QPM Energy Pty Ltd (QPME), acquired Moranbah Gas Project (MGP) in August 2023. MGP is an established coal mine waste gas project capable of processing 30 PJ per annum, with 240 PJ of 2P reserves. This acquisition has secured a long-term, economically sustainable energy supply allowing the TECH project to avoid extremely volatile energy pricing. Amongst the existing key gas sales contracts, QPME has contracts in place to transport gas to the Townsville Power Station for peaking electricity generation, with all electricity revenues accruing to QPME.
KEY PEOPLE
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David Wrench | Chief Executive Officer
read moreMr Wrench has more than 20 years’ experience as a managing director of both private and publicly listed companies. David was founding director of CH4 and responsible for establishing and developing the Moranbah Gas Project.
David has initiated and completed commercial and joint venture agreements, developed commercial gas production and reserves, and financed project development.
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Dr Stephen Grocott | Non-Executive Director
read moreDr Grocott is an accomplished executive in the mining and mineral processing sector with nearly 40 years’ international experience.
Stephen was Chief Technical Development Officer at Clean TeQ Holdings Ltd, accountable for all technical and process development.
He also supported technical marketing, due diligence and project funding for the A$2Billion Sunrise Ni-Co-Sc Project in NSW. Stephen’s exposure to EV and battery producers combined with his world-class expertise in process and development for minerals processing and battery chemicals underpins the progress of the company.
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John Abbott AM | Non- Executive Director
read moreMr Abbott is a Member of the Order of Australia and holds a Bachelor of Engineering & Bachelor of Law. John brings extensive experience as a Company Director of Australian & Asian companies with vast executive knowledge in the management of large complex projects.
He is also Deputy Chair of Regional Development Australia and a Director of the Central Queensland Hospital & Health Service. Previously, John was Fluor Global Services Asia Pacific Regional Director and an Executive Director of six subsidiary companies, across different industries, industrial and operational environments. John was on Fluor Australia Board for 8 years.
