Associated News, page-1922

https://twitter.com/QLDPacificMetal
https://t.co/95FUckQ3ge

18mins with the good doctor:

QPME
- Very conservative earnings from MGP
- Fixing up the asset - low hanging fruit (change/calibrate pressure gauges, connect flares that are a very short distance from gathering pipelines)
- More respect for the high quality workforce in place
- While a lot, it's pretty straightforward stuff to do to fix up the asset and turn it around to be cash positive in 12 months

TECH
- Ore + gas + DNi = high purity (pharmaceutical grade) battery minerals
- Significant gas user, moderate (40MW) electricity user
- Ni 65% & Co 15% of revenue
- Ni & Co batteries are the most advanced/highest density type
- Growth in EVs/battery nickel demand is mind blowing (CAGR 30%+/year)
- POSCO/LGES wanted all of output, QPM said no
- GM very thorough DD, said we want exclusivity for remainder of S1 production & all of S2, stop talking to other people
- DD process from debt providers requires higher level of risk management due to layer of novelty
- Capex quotes were gathered at very volatile time
- CR will take us through to ''complete everything we need to''
- TECH project revision slips only a few months to early next year
- Painful to do the raise
- EU announced draft regs around EV battery supply chain last night > there will be nowhere to hide if you are a dirty producer