Australia's Queensland Pacific Metals climbs on ore supply deal

QPM Energy

26/04/2023 03:46

** Shares of Queensland Pacific Metals  QPM.AX  rise as much
as 8% to A$0.135, on track for best day since April 14, if gains
hold
    ** Co signs binding ore supply agreement with New
Caledonia-based firm Maï Kouaoua Mines 
    ** Says 10-year deal is for supply of up to 300,000 wet
metric tonnes per annum
    ** Stock hits highest since April 18
    ** QPM up ~13.6% so far this year, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))