• New funding agreements with Dyno Nobel to refinance existing facilities
• No change to existing Development Funding Facility for drilling and infrastructure
• Stable, funded platform to accelerate growth opportunities in gas supply and energy portfolio

Queensland Pacific Metals Ltd (QPM) has announced the execution of two new funding agreements with its foundation customer, Dyno Nobel Ltd (Dyno). The new facilities will be used to fully repay QPM's existing Working Capital Facility with Dyno, currently drawn to $27 million, and provide a stable, funded platform to underpin the growth of QPM's gas supply and energy portfolio. The first agreement is a Prepayment Facility of up to $40 million, which will be used to prepay for gas delivered under a New Gas Sales Agreement (NGSA) from April 2026 to March 2033. The second agreement is an Additional Funding Facility of $30 million, with $21 million drawn to repay the existing Working Capital Facility. Both facilities have an interest rate of BBSY + 2% until March 2027, increasing to BBSY + 6% thereafter. QPM's existing $80 million (potentially $120 million) Development Funding Facility with Dyno remains in place and is being used to fund drilling of new wells and other infrastructure optimisation and development projects at the MGP. The new funding agreements provide QPM with a stable, funded platform to accelerate growth opportunities across its gas supply and energy portfolio.

QPM has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.

The new funding agreements with Dyno Nobel provide QPM with a stable, funded platform to accelerate growth opportunities across its gas supply and energy portfolio. From July 2025, the business will transition to a much lower cost structure under the new contracts with Townsville Power Station and North Queensland Gas Pipeline, further strengthening the company's position.