Advanced Feasibility Study
Queensland Pacific Metals is excited to share the positive results of the Advanced Feasibility Study for Stage 1 of the TECH Project, as well as a Scoping Study for a Stage 2 expansion. The studies provide a strong foundation for the formal commencement of debt funding with potential lenders.
The TECH Project boasts impressive financial metrics, including a steady state annual EBITDA of $546m and pre-tax NPV8 of $2,665m for the Stage 1 base case.
QPM’s development capex estimate for Stage 1 is A$1.9b plus a contingency allowance. This estimate compares favourably to the 2020 Pre-Feasibility Study estimate of A$650 million, considering the 2.7x plant scale increase and global equipment cost inflation over the past two years. The estimate was prepared by the recognised engineering firm Hatch with support from other key vendors and consultants.
QPM will continue to work on improving estimate accuracy and identifying cost savings through value engineering initiatives in parallel with the debt financing process. The company is confident in the strong financial metrics and potential for growth of the TECH Project and looks forward to moving forward with debt funding and investment opportunities.
The complete Advanced Feasibility Study can be viewed here.
“We are pleased to present the results of the feasibility studies for the TECH Project. The outputs of these studies represent a moment in time and the culmination of hard work from the QPM team, Hatch Ltd and our other consultants. However, the work does not stop here and as we now continue to work on the project and advance towards a final investment decision in parallel with our funding initiatives.”
– Managing Director, Dr Stephen Grocott