Next Steps The next steps for QPM are: • Testwork relating to refining of pilot plant products into final saleable products (nickel sulfate, cobalt sulfate, high purity alumina, hematite, magnesia and nitric acid recycle); • Preparation and distribution of samples to offtakers; • Collection of pilot plant data for use as part of DFS; • Evaluation of potential flowsheet improvements to be evaluated in the DFS that further enhance the TECH project; and • Selection of an Engineering Contractor.
For me this is one of many smart decisions,
Joint Iron Development with Korea Zinc One of the co-products produced by the TECH Project is a high grade, low impurity haematite, or iron oxide. Sun Metals Corporation Pty Ltd (“Sun Metals” owns and operates the Sun Metals zinc refinery in Townsville. Sun Metals is currently undertaking an expansion and upgrade of the refinery which will result in the production of its own iron oxide product. During the quarter, QPM and Sun Metals entered into an MOU to assess the potential of combining the two iron oxide products to create a single, saleable product. The potential benefits for this include: • Increased scale and market presence; and • Potential cost savings arising from synergies relating to product agglomeration, logistics and marketing.
The most anticipated is the HPA
Management have proven their worth
We are truly Blessed
QPM Price at posting:
8.9¢ Sentiment: Buy Disclosure: Held
owns and operates the Sun Metals zinc refinery in Townsville. Sun Metals is currently undertaking an expansion and upgrade of the refinery which will result in the production of its own iron oxide product. During the quarter, QPM and Sun Metals entered into an MOU to assess the potential of combining the two iron oxide products to create a single, saleable product. The potential benefits for this include: • Increased scale and market presence; and • Potential cost savings arising from synergies relating to product agglomeration, logistics and marketing.
