Queensland Pacific Metals Ltd. (AU:QPM) has released an update.
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Queensland Pacific Metals Ltd. (QPM) has secured binding agreements with RATCH Australia Corporation and North Queensland Gas Pipeline to significantly cut operating costs and bolster its financial position. The deals, which will reduce annual fixed charges by 83%, enable QPM to control dispatch rights at Townsville Power Station and optimize gas transport and storage services, potentially enhancing FY2024 financial performance by over $30 million. These strategic agreements are set to commence in July 2025, positioning QPM for accelerated growth in gas production.
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