• Successful $10M placement to accelerate development of 112MW Isaac Power Station
• $2M Share Purchase Plan launched for eligible shareholders
• Funds to be used for procurement of long lead items and ongoing project development

Queensland Pacific Metals Ltd (QPM) has announced the successful completion of a $10 million placement to institutional, sophisticated and professional investors. The placement will be used to accelerate the development of the 112MW Isaac Power Station, the first electricity generation asset to be developed as part of the Isaac Energy Hub. The placement was oversubscribed and strongly supported by both existing and new investors. In addition to the placement, QPM is also conducting a $2 million Share Purchase Plan (SPP) to allow eligible shareholders to participate in the company's growth. The funds raised from the placement and SPP will be used to procure critical long lead items, including two 55.8MW aeroderivative gas turbines from GE Vernova, and to continue the development of the Isaac Power Station. The results of the Isaac Power Station Feasibility Study have demonstrated the project's potential to generate robust earnings and value for shareholders. QPM's CEO, David Wrench, expressed appreciation for the strong support from both existing and new investors, stating that the equity raising will allow the company to accelerate the development of the Isaac Power Station and lock in key long lead items and project financing.

The development of the Isaac Energy Hub, starting with the Isaac Power Station, will create a unique platform enabling QPM to deliver revenue growth through increasing its portfolio of electricity generation capacity.