QPM.ASX: First drawdown of Macquarie Facility

First drawdown of Macquarie Facility

Stock	Queensland Pacific Metals Ltd (QPM.ASX)
Release Time	16 Oct 2025, 8:18 a.m.
Price Sensitive	Yes

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QPM Secures First Drawdown of Macquarie Facility

Key Points

QPM executes A$113.7 million Master Lease Agreement with Macquarie Bank
Initiates delivery of major equipment packages for March 2026 quarter
Implements currency hedge to minimize exchange rate fluctuations

Full Summary

Queensland Pacific Metals Ltd (QPM) has announced the first drawdown of its A$113.7 million Master Lease Agreement (MLA) with Macquarie Bank. This funding will support the company's ongoing project development. QPM has also executed a currency hedge to ensure its exposure to exchange rate fluctuations is minimized. Additionally, the company has issued a Full Notice to Proceed under its contract with GE Vernova, initiating the commencement of delivery of all contract-related equipment. The major equipment packages are scheduled for delivery to Australia in the March quarter of 2026. This announcement marks a significant milestone for QPM as it continues to progress its project and secure the necessary financing and equipment to drive its development forward.