Skip to content
Finance Investment, Oil Mining Resources

Queensland Pacific Metals Ltd (ASX:QPM) – $3m Frontier Gas Exploration Grant Received

Queensland Pacific Metals Ltd (ASX:QPM) 2 mins read
  • Media:

Brisbane, Australia, May 10, 2024: Queensland Pacific Metals Ltd (ASX: QPM) is excited to announce that its subsidiary, QPM Energy, has been awarded a $3 million Frontier Gas Exploration Grant by the Queensland State Government. This grant is part of the Queensland Resources Industry Development Plan and will fund a groundbreaking trial program aimed at unlocking gas resources in the Fort Cooper Coal Measures (FCCM), specifically the Fairhill Seam.

Key Highlights:

  • Innovative Exploration Project: The FCCM Production Assessment Project is designed to trial a new series of wells targeting the high-gas-content FCCM, currently untapped for gas drainage activities.
  • Potential for Immediate Impact: Successful trials could lead to an immediate increase in gas production at the Moranbah Gas Project. Data obtained will also aid in future estimations of gas reserves and resources in the FCCM.
  • Environmentally and Economically Significant: This project aims to convert a potential waste product and greenhouse gas into a commercially viable resource, improving returns from the Moranbah Project. It will also significantly reduce carbon emissions and transform mining safety and emissions challenges into economic opportunities.
  • Funding Milestones: The grant funding will be utilized during the 2024/25 fiscal year, with milestones tied to the successful achievement of several project objectives.

QPM’s Chief Executive Officer David Wrench commented,:

"We are delighted to receive this funding support from the Queensland Government. The grant will provide the funds to complete a new drilling technique which has the opportunity of not only increasing gas production from the Moranbah Project but will also result in a significant reduction in carbon emissions from the Bowen Basin. If successful, it can result in increased economic gas resources which can be incorporated into QPM’s long term field development plan.”


About us:

The company is focused on 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. The TECH Project will produce critical metals for the rapidly emerging lithium-ion battery and electric vehicle sector.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

 

Media

Images
Figure 1Figure 1

Figure 1. Stratigraphic column (L) and map showing FCCM thickness.png

Figure 1
Download media
Attachments

3m-Frontier-Gas-Exploration-Grant-Received.pdf

Download media

More from this category

  • Oil Mining Resources
  • 21/01/2025
  • 18:10
Global Tailings Management Institute

New independent institute to drive and assess the implementation of Global Industry Standard on Tailings Management

Global Tailings Management Institute launched to help make mine tailings facilities safer for people and the environmentJOHANNESBURG, Jan. 21, 2025 (GLOBE NEWSWIRE) -- The Global Tailings Management Institute (GTMI), an independent, multi-stakeholder governed organisation dedicated to improving the safety of mine tailings facilities worldwide, was launched today. It has been founded by the International Council on Mining and Metals (ICMM), the United Nations Environment Programme (UNEP) and the UN-backed Principles for Responsible Investment (PRI).Based in South Africa, the GTMI will drive the responsible management of tailings facilities throughout their lifecycle. The goal is to achieve zero harm to people and…

  • Business Company News, Oil Mining Resources
  • 21/01/2025
  • 11:16
Jane Morgan Management

Austral Resources Announces Strategic Alliance with New Frontier Minerals

SYDNEY, AUSTRALIA: 21 January 2025, Australian copper producer and explorer, Austral Resources Australia Ltd (ASX: AR1), is pleased to announce the signing of a Memorandum of Understanding (MOU) with New Frontier Minerals (ASX: NFM) to form a strategic alliance. This collaboration aims to enhance production at Austral’s Mt Kelly processing facility through the potential processing of copper ore supplied by NFM. Under the agreement, Austral will work closely with NFM to evaluate the suitability of ore from NFM’s NWQ Copper Project, including the Big One Deposit (Mineral Resource Estimate: 2.1Mt @ 1.1% Cu), for processing at the Mt Kelly facility.…

  • Contains:
  • Finance Investment, Oil Mining Resources
  • 21/01/2025
  • 09:00
New Romans

Earlypay and SprintSuite collaborate to empower mining and fabrication businesses

Leading Australian Invoice Finance specialist Earlypay (ASX: EPY) today announced it had entered an arrangement with SprintSuite, a project management software platform for maintenance and engineering-intensive industries, to enable immediate access to funding from unpaid invoices for SprintSuite’s customer base. Late payment of invoices often impacts Australian mining and fabrication businesses and their ability to pay staff, contractors and suppliers, limiting the capacity of businesses to take on new, larger projects. The Earlypay SprintSuite collaboration brings a seamless finance integration that enables the early payment of customer invoices, funded by Earlypay. This new feature brings forward cash flow from unpaid…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.