Queensland Pacific Metals Limited
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Why has Queensland Pacific Metals Ltd Produced First On-Spec Nickel Sulfate at Pilot Scale?
Queensland Pacific Metals Limited (ASX:QPM) has reached a significant milestone with the successful production of the first on-spec nickel sulfate at its Sulfate Refinery pilot plant. This achievement highlights the company's ability to meet the specifications outlined in its offtake agreements with industry leaders General Motors, LG Energy Solutions, and POSCO.
Validation of the commercial flowsheet for the TECH Project
The Sulfate Refinery pilot plant is an integral part of the TECH Project, which aims to produce battery-grade nickel and cobalt sulfate. Queensland Pacific Metals (QPM) will refine nickel and cobalt extracted through the DNi ProcessTM into high-quality sulfate. The piloting process, undertaken at the facilities of SGS Canada since May 2023, has successfully validated the commercial flowsheet used in the TECH Project.
Successful subprocesses and nickel sulfate production
The pilot testing involved several subprocesses, including aluminum precipitation, impurity solvent extraction, cobalt solvent extraction, nickel solvent extraction, transformation solvent extraction, purification solvent extraction, and nickel sulfate crystallization. The testing has proven successful in all of these areas.
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QPM has produced over 10kg of on-spec nickel sulfate, meeting the stringent requirements outlined in the offtake agreements with General Motors, LG Energy Solutions, and POSCO.
Implications for potential financiers and future plans
The successful production of on-spec nickel sulfate not only demonstrates QPM's technical capabilities but also provides potential financiers with confidence in the viability of the TECH Project. By showcasing its ability to meet specifications and deliver a high-quality product, QPM is strengthening its position in securing the necessary funding for the project's development. The company plans to continue its pilot testwork to produce on-spec cobalt sulfate in the next phase.
CEO's remarks on the achievement
Dr. Stephen Grocott, Managing Director and CEO of Queensland Pacific Metals, expressed his satisfaction with the milestone: "Production of on-spec material through our pilot testwork is a significant achievement and will greatly assist in our financing endeavors. " Nickel sulfate serves as a crucial product in the TECH Project, and the successful pilot-scale production marks a major step forward for QPM.
Queensland Pacific Metals Ltd's achievement of producing first on-spec nickel sulfate at the Sulfate Refinery pilot plant is a major milestone for the company. Not only does it validate the commercial flowsheet for the TECH Project, but it also fulfills the requirements of the offtake agreements with key partners. This success boosts QPM's prospects for securing financing while solidifying its position in the battery metal market.
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