Australia's Queensland Pacific Metals rises on ore supply deal

QPM Energy

02/06/2022 05:34

** Shares of mineral explorer Queensland Pacific Metals
 QPM.AX  rise as much as 6.3% to A$0.170, mark their biggest
intraday gain since May 18
    ** Co enters into a binding ore supply agreement with New
Caledonia-based mining company Société des Mines de la Tontouta
 urn:newsml:reuters.com:*:nASX2fvfzT
    ** Says the 10-year supply deal is for up to 600,000 wet
metric tonnes per annum
    ** As of last close, stock down 3% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))