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Why the Queensland Government has extended the Project status for Queensland Pacific Metals? Queensland Pacific Metals Limited

Why the Queensland Government has extended the Project status for Queensland Pacific Metals?

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Queensland Pacific Metals Limited (ASX: QPM) has been granted a two-year extension for the Prescribed Project status by the Queensland Government. This status is given to projects that are deemed of significant economic and social importance to the state. The extension allows the Coordinator-General to make timely decisions regarding the project.

What does the Prescribed Project declaration mean for QPM?

The extension of the Prescribed Project declaration for QPM's TECH Project until September 2025 is a positive development for the company. It demonstrates the continuous support from the Queensland Government for QPM and its TECH Project. The Office of the Coordinator-General has played a crucial role in assisting QPM with the necessary approvals and establishing vital infrastructure for the project.

What is the TECH Project?

The TECH Project is a venture undertaken by Queensland Pacific Metals Limited.

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The specifics of the project were not mentioned in the announcement, but it is described as significant enough to receive the Prescribed Project status.

How has the Queensland Government supported QPM so far?

The Queensland Government has shown strong support for QPM through the extension of the Prescribed Project status. This support includes assisting QPM in navigating through the approval process and engaging with the Townsville City Council. The government's ongoing assistance is expected to help QPM reach a final investment decision for the TECH Project.

In conclusion, the extension of the Prescribed Project status for Queensland Pacific Metals' TECH Project underscores the significance of the project for Queensland's economy and society. The Queensland Government's support and the continued assistance of the Office of the Coordinator-General are crucial for QPM's progress towards a final investment decision.

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