Queensland Pacific Metals

Name

Queensland Pacific Metals

Legal name

Queensland Pacific Metals

Website

https://qpmenergy.com.au

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Battery Metals Production & Energy Generation

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Copper, Nickel, Lead, and Zinc Mining (212230), Industrial Gas Manufacturing (32512)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

Keywords

• Battery metals production
• Coal seam gas extraction
• Waste gas collection
• Electricity generation
• Critical minerals refining

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Nickel and Cobalt Sales: Sale of nickel and cobalt sulfates produced from the Townsville Energy Chemicals Hub (TECH) Project to battery manufacturers under binding offtake agreements with LG Energy Solution, POSCO, and General Motors
2. Gas Sales: Direct sale of gas to industrial customers including Dyno Nobel Moranbah Ammonium Nitrate Plant and Copper Refineries in Townsville
3. Electricity Generation and Sales: Sale of electricity generated from gas-fired power stations (242MW Townsville Power Station and 12.8MW Moranbah Power Station) into the National Electricity Market

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Queensland Pacific Metals (operating as QPM Energy) is a public Australian energy and critical minerals company focused on two core businesses: the Moranbah Gas Project (MGP), a mature coal seam gas production asset producing approximately 30TJ/day with 500km of associated pipeline infrastructure, gas-fired power generation, and waste coal mine gas capture for beneficial use; and the Townsville Energy Chemicals Hub (TECH) Project, a planned battery metals refinery designed to produce nickel and cobalt sulphates from imported nickel laterite ore for lithium-ion battery and electric vehicle manufacturers.

Product overview

QPM Energy operates as a dual-segment energy company with two core business units: (1) the Moranbah Gas Project (MGP), a mature coal seam gas production and electricity generation asset producing around 30TJ/day with 331 2P Reserves, and (2) the Townsville Energy Chemicals Hub (TECH) Project, a planned battery metals refinery to produce nickel and cobalt sulphates for the EV sector. The company also provides waste gas collection services, operates two gas-fired power stations (242MW Townsville and 12.8MW Moranbah), and sells gas directly to industrial customers including Dyno Nobel and Copper Refineries.

Differentiator

Problem solved

Functional benefit

Products and services

• Townsville Energy Chemicals Hub (TECH) Project A planned battery metals refinery located 40km south of Townsville, Northern Queensland, designed to produce nickel and cobalt sulphates from imported nickel laterite ore (sourced from New Caledonia) for use in lithium-ion batteries and the electric vehicle sector. Output will be supplied under binding offtake agreements with LG Energy Solution, POSCO, and General Motors.
• Moranbah Gas Project (MGP) A mature coal seam gas production asset located north of Moranbah, Queensland, in production since 2006 and acquired by QPM Energy in August 2023. Connected to five operating coal mines (Anglo American's Grosvenor, Teviot Brook, and Moranbah North mines; Stanmore's Isaac Plains mine; and Fitzroy Resources' Carborough Downs mine) collecting waste gas for beneficial use. The asset contains 331 2P Reserves and currently produces approximately 30TJ/day.
• Gas Production and Sales Direct sale of natural gas to industrial customers, including Dyno Nobel Moranbah Ammonium Nitrate Plant and Copper Refineries in Townsville, with the company seeking to broaden its gas customer base across North Queensland to displace diesel for power generation.
• Electricity Generation and Sales Operation of two gas-fired power stations: a 242MW Townsville Power Station and a 12.8MW Moranbah Power Station. Electricity is generated and sold into Australia's National Electricity Market, typically operated as peaking power stations during evening hours when solar generation declines and consumer demand peaks.
• Waste Gas Collection Services Strategic capture and beneficial use of waste coal mine gas from coal mining operations in the Bowen Basin. The company establishes waste gas collection projects with regional mine operators including short-term flaring/venting capture opportunities and medium to longer-term pre-drainage programs aligned with future mine development plans.

Quantifiable outcome

• Significant carbon abatement through waste gas collection projects
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, major and supporting.

• GR Production ServicescoreImplementation/ SI/ Consulting PartnerGRPS appointed as Moranbah Gas Field contract operator. Australian-based operations and maintenance services provider with 26+ years of experience operating oil and gas production facilities in Australia.
• Port of TownsvillemajorStrategic or Co-development PartnerPort of Townsville completed 14-hectare project cargo laydown area designed to support Australia's critical minerals development. Infrastructure handles oversized processing equipment for battery metals operations including QPM's nickel-cobalt sulfates project.
• Queensland Resources Common User Facility (QRCUF)supportingStrategic or Co-development PartnerShared infrastructure facility providing reduced capital barriers for emerging critical minerals companies including QPM, supporting Australia's battery materials strategy.
• Anglo American (Grosvenor, Teviot Brook, Moranbah North mines)coreStrategic or Co-development PartnerMGP connected to Anglo American coal mines collecting waste gas from operations. Five coal mines connected to MGP for waste gas collection and beneficial use.
• Stanmore (Isaac Plains mine)coreStrategic or Co-development PartnerMGP connected to Stanmore's Isaac Plains coal mine for waste gas collection and beneficial use.
• Fitzroy Resources (Carborough Downs mine)coreStrategic or Co-development PartnerMGP connected to Fitzroy Resources' Carborough Downs coal mine for waste gas collection and beneficial use.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vale SA: Vale operates lateritic nickel mining and processing in New Caledonia and Indonesia, the exact feedstock category QPM's TECH Project is designed to process. Comparable as a global incumbent in nickel laterite processing for battery and stainless steel markets.
• POSCO Holdings: POSCO is a major integrated steel and battery materials producer with nickel sulfate refining capacity and a binding QPM offtake counterparty. Comparable as a vertically integrated nickel/cobalt processor serving global battery manufacturers.
• Pilbara Minerals: Pilbara Minerals is an ASX-listed lithium producer pursuing downstream lithium chemicals production for the EV battery supply chain. Comparable as an Australian critical-minerals junior expanding into battery-grade processing.
• IGO Limited: IGO is an Australian battery materials and nickel producer with downstream processing exposure. Highly comparable as an ASX-listed critical minerals company pursuing nickel-cobalt and lithium chemicals for the EV battery supply chain.
• LG Energy Solution: LG Energy Solution is one of the world's largest lithium-ion battery manufacturers and a QPM shareholder and binding offtake customer. Comparable as a downstream anchor customer shaping the demand side of the battery materials market QPM serves.
• Syrah Resources: Syrah is developing the Vidalia active anode material facility for battery-grade graphite processing. Comparable as an ASX-listed emerging battery materials processor tied to U.S. EV supply chains and downstream offtake structures.

Broad incumbents

• Glencore plc: Glencore is one of the world's largest miners and traders of nickel, cobalt, and copper with integrated refining and trading operations. Comparable as a broad incumbent supplying battery-grade metals globally and able to set benchmark pricing for QPM's output.
• BHP Group: BHP operates Nickel West, a downstream nickel sulfate processing business supplying battery manufacturers. As a major diversified miner with incumbent nickel processing capacity, BHP is the most relevant large-scale comparable for QPM's TECH Project ambitions.

Emerging players

• Australian Mines Limited: Australian Mines is pursuing nickel-cobalt sulfate production from laterite and Sconi-style resources for the EV battery supply chain. Comparable as an emerging Australian battery materials developer targeting similar downstream offtake structures.
• Cobalt Blue Holdings: Cobalt Blue is developing the Broken Hill Cobalt Project to produce cobalt sulfate for lithium-ion batteries. Comparable as an ASX-listed emerging cobalt/battery materials processor targeting the same EV battery customers as QPM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/qldpacificmetal
• YouTubeyoutube.com/channel/UCHWOTAPb9m3ga7czbFgs8qg
• LinkedInlinkedin.com/company/pure-minerals-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Queensland Pacific Metals