• Leading independent advisor NSAI certifies 602.5PJ of 2P Reserves and 414.2PJ of 2C Resources
• All reserves and resources within QPM's 100% owned Petroleum Leases with approvals in place
• Over 800PJ of uncontracted gas reserves and resources to underpin new electricity generation and pipeline to Gladstone

Queensland Pacific Metals Ltd (ASX:QPM) is pleased to announce a substantial upgrade of its gas reserves and resources for the Moranbah Gas Project (MGP), as certified by leading independent petroleum advisor Netherland, Sewell & Associates, Inc. (NSAI). The updated estimates show 602.5PJ of 2P Reserves and 414.2PJ of 2C Resources, totaling over 1,016PJ of gas within QPM's 100% owned Petroleum Leases. This represents a transformational increase in the project's scale and significance. All reserves and resources have the necessary environmental and regulatory approvals in place. QPM now has over 800PJ of uncontracted gas reserves and resources available to underpin the development of additional low-cost, long-duration electricity generation capacity at the Isaac Energy Hub, in line with the Queensland Government's Energy Roadmap. The reserves and resources also provide the basis to develop the Bowen Gas Pipeline to Gladstone, connecting QPM's gas to domestic and export markets. CEO David Wrench commented that the Moranbah Gas Project has developed into a very significant gas asset with the capacity to underpin Queensland's gas and electricity markets for the long term.

QPM's 800+PJ of uncontracted 2P + 2C gas reserves and resources can support the accelerated development of the Bowen Gas Pipeline to Gladstone, providing access to domestic and export gas markets.

The combination of QPM's granted Petroleum Leases and extensive production, processing and compression infrastructure provides a unique platform enabling the fast-track development of these substantial gas reserves and resources, creating significant value for shareholders.