• QPM has applied for debt financing from NAIF for 112MW Isaac Power Station
• NAIF has approved proceeding to Due Diligence phase
• QPM in advanced discussions with other debt financiers, NAIF to participate

Queensland Pacific Metals Ltd (QPM) has announced that it has received written confirmation from the Northern Australia Infrastructure Facility (NAIF) that the 112MW Isaac Power Station (IPS) project has been approved to proceed to NAIF's Due Diligence phase for debt financing. This follows a successful completion of NAIF's Strategic Assessment Phase. QPM is in advanced discussions with other debt financiers, and it is intended that NAIF will be an important participant in the overall debt financing package for the IPS development. The IPS project aligns with the Australian Federal Government's Future Gas Strategy, which recognizes gas as an important energy source through to 2050 and beyond. Completion of the NAIF strategic assessment does not represent a formal decision to offer or commit finance, and NAIF has not yet made any decision to provide financial support. QPM and its financial advisor, RBC Capital Markets, anticipate finalizing an overall funding package, including both debt and equity, in order to reach a Final Investment Decision on the IPS during the December quarter of 2025.