- Queensland Pacific Metals (QPM) is granted a development permit for its TECH project in Townsville, Queensland
- The permit comes under the Planning Act 2016 and is the final primary approval needed to begin construction of the project at the company’s Lansdown site
- Here, construction of an access road has begun, connecting the existing ‘Jones Road’ to the northern boundary of the site
- QPM says completion of this access road will facilitate preliminary site establishment works, planning of which is underway, around March or April
- Company shares are up 10 per cent to trade at 11 cents at 10:59 am AEDT
Queensland Pacific Metals (QPM) has been granted a development permit for its TECH project in Townsville, Queensland.
The permit was granted by the Townsville City Council following an assessment of QPM’s material change of use development application.
State referral triggers were also administered by the state’s assessment referral agency, including to the Department of Environment and Science, and the Department of Transport and Main Roads.
The permit comes under the Planning Act 2016 and will enable the company to operate the first stage of its project, processing 1.6 million wet metric tonnes of ore per year to produce around 16,000 tonnes of nickel metal and 1750 tonnes of cobalt metal.
Both metals would be available in sulphate form, as well as other co-products.
QPM now has all primary approvals to begin construction of the TECH project at its Lansdown site, which Managing Director, Dr Stephen Grocott said is a “major milestone” for the company.
At the same time, Mr Grocott said the company is excited to see construction of an access road has begun, connecting the existing ‘Jones Road’ to the northern boundary of QPM’s Lansdown site.
This road is expected to be completed by the end of the first quarter of 2023, subject to weather conditions.
QPM said completion of this access road would facilitate preliminary site establishment
works around March or April, planning of which is underway.
Company shares were up 10 per cent to trade at 11 cents at 10:59 am AEDT.