Registered Members Login:
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

Reply to this topic

post Posted: Jun 9 2021, 09:29 PM
  Quote Post

Posts: 9,138
Thanks: 2749

Queensland Pacific Metals Limited (QPM), formerly Pure Minerals Limited, is an Australian company focused on development of Townsville Energy Chemicals (TECH) Hub project. TECH Project will produce nickel sulfate, cobalt sulfate, high purity alumina and other byproduct. During the year Product marketing of the key battery chemicals to be produced by the TECH Project, nickel sulphate and cobalt sulphate, was a key focus for QPM.

A bit of back history; 02 Dec, 2020, Pure Minerals Limited (PM1) changed its name and ASX code to Queensland Pacific Metals Limited (QPM). PM1 had its wholly owned subsidiary Queensland Pacific Metals Pty Ltd which entered into the Townsville Energy Chemicals Hub Project.

Pilot Plant Activities .... 2020 focus for the TECH Project was the advancement towards piloting its processing and refining flowsheets. This work program is partially funded by the $2.6M Cooperative Research Centres Projects (CRC-P) grant received and supported by in-kind contributions from QPM’s partners.
Whilst progress was hindered earlier in the year due to COVID-19, restrictions are being eased and QPM has been able to make significant progress. The pilot programme will initially involve processing the bulk sample received from QPMs New Caledonian ore supply partners in the existing CSIRO pilot plant (DNi ProcessTM ) to produce nickel cobalt mixed hydroxide precipitate. Aluminium hydroxide will also be produced and is the feedstock required to produce high purity alumina (HPA). The MHP will then be processed in a refining pilot plant with the aim of producing battery grade nickel and cobalt sulphate. Similarly, the aluminium hydroxide will be processed in another pilot plant to produce 4N HPA.

Sept 2020 ... raised $4.4 million. Signed MoU with LG and Samsung, getting

March 2021 ... raised $15 million in placement; upscale SPP to $5M
and 08 June: Investment and Offtake Agreements Executed with LG Energy Solution and POSCO

• US$15m combined equity investment from LG Energy Solution and POSCO GEM 1ST FUND
• Shares will be issued at a price of A$0.1364, a premium of 16.8% to the 1 month VWAP of QPM shares
• Binding offtake agreements signed for the sale of 10,000t contained nickel and 1,000t contained cobalt with LG Energy Solution and POSCO
• The commercial transaction is the culmination of extensive negotiation and due diligence undertaken on QPM and the TECH Project by LG Energy Solution and POSCO

"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Back To Top Of Page
Reply to this topic

You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.