Queensland Pacific Metals Ltd. (AU:QPM) has released an update.
Queensland Pacific Metals Ltd. celebrates a successful quarter with a positive operating surplus from its Moranbah Gas Project, reflecting substantial progress since its acquisition in August 2023. The company achieved a stable operating cost base, with total revenue reaching $29.6 million from gas and electricity sales, despite typical seasonal fluctuations. QPM Energy also embarked on a new drilling campaign, with the spudding of the first of seven new production wells signaling future growth.
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