Queensland Pacific Metals to acquire the Moranbah Project from the Arrow Energy Group and AGL Energy for $20m.

Queensland Pacific Metals, a mineral exploration company, agreed to acquire the Moranbah Project from the Arrow Energy Group, an integrated coal seam gas company, and AGL Energy, an integrated energy company, for $20m. “Vertical integration of our energy supply chain for the TECH Project is a significant de-risking event that cannot be underestimated. This transaction is yet another commercial arrangement that the management team of QPM has been able to orchestrate to bring us one step closer to the construction of the TECH Project and to deliver value for shareholders,” Stephen Grocott, Queensland Pacific Metals Managing Director and CEO.