Lots of positive associated pieces starting to fit into the QPM...

Lots of positive associated pieces starting to fit into the QPM FID jigsaw background.
Here's a brief look back at the past few months to see the behind the scenes momentum:

- Mar-24 - A fellow prescribed project cornerstone tenant at LEIP may further build momentum for crowding in of government funding as it is common user infrastructure vs a stand alone project in a remote area. Having two world leading high ESG, low GHG proponents in two critical areas of the clean energy transition amplifies the message.

* Jan-24 - NAIF's investment focus tweaks so potential projects align with one or more of Australian Government policy priorities including:
- economic development in the north
- alleviating social or economic disadvantage in Northern Australian communities, including the development of social infrastructure
- achieving Australia’s net zero and energy transition goals
- improving First Nations outcomes and contributing to Closing the Gap.

* Nov-23 - Australia signing up to the Global Methane Pledge and global working group on GHG emissions on the gas supply chain Nov 2023 will provide the data to show the benefits of QPME's upgrade program of the MGP and future met coal partnerships/expansions on the fugitive emissions from the Bowen Basin.

* Oct-23 - Consultation on the Australian Future Gas Strategy took place, the govt very aware of the dangers of reducing supply faster than demand. If there were other submissions from QPM holders, there should be no doubt as to the benefits of prioritising the role of capturing waste met coal mine gas over conventional and fracking forms of supply.

* Sept-23 - French and Australian cooperation on critical mineral supply chains could be influencing the NC miner/smelter restructuring talks at present.

This month, one of our Tier 1 partners has a new chairman who is bullish about their battery materials business, and takes a hands on and consultative approach to business. US automakers would do well to take notice of these words:
“We see the current crisis in both businesses [steelmaking and battery materials] as a potential opportunity,” he said. “Posco will increase its competitiveness and the reward will be greater when the market recovers.”

BTW, our US automaker partner believes the worst of their battery headaches are behind them: https://electrek.co/2024/03/20/gm-exits-production-hell-aims-to-build-20x-more-evs-2024/

Lots going on in our favour which may be behind some of the spring in the step positivity observed from the QPM team at the recent conference