• QPM signs A$113.7M Master Lease Agreement with Macquarie Bank
• Facility funds acquisition and transport of two LM6000 gas turbines
• Milestone locks in delivery of generation units for 112MW Isaac Power Station

Queensland Pacific Metals Ltd (QPM) has signed a A$113.7 million Master Lease Agreement (MLA) with Macquarie Bank Limited to fully fund the acquisition of two LM6000 gas turbines from GE Vernova and the transportation and delivery of the units to QPM's Isaac Energy Hub in Moranbah. The bespoke facility has a term of up to 84 months and will provide funding for the construction of the Isaac Power Station (IPS) and its first 5 years of operations. This significant milestone locks in the delivery of the generation units for the 112MW IPS and underpins the project's mid-2027 commissioning target. QPM is making good progress towards project FID, advancing detailed engineering and design, tendering and awarding major contracts, securing approvals, and progressing the grid connection process. The company and its financial advisor, RBC Capital Markets, continue to progress the financing package for the balance of the IPS development costs. The IPS is forecast to be the lowest cost gas-fired generator in Queensland, and securing Macquarie as a financing partner on attractive terms reinforces the quality of this project.

The A$113.7 million Master Lease Agreement with Macquarie Bank will fully fund the acquisition and transport of two LM6000 gas turbines for the 112MW Isaac Power Station project, which is expected to be commissioned in mid-2027.

QPM is making good progress towards project FID for the Isaac Power Station, with key activities underway including detailed engineering and design, tendering and awarding major contracts, securing approvals, and progressing the grid connection process. The company and its financial advisor continue to progress the financing package for the balance of the IPS development costs.