Queensland Pacific Metals (QPM) has a binding ore supply agreement with Societe Miniere Georges Montagnat (SMGM), a New Caledonian company, and was one of the original backers of the QPM and TECH projects.
The two companies have formally entered into a 10-year ore supply agreement of up to 200,000 wmt per year, targeting typical limonite ore specifications of 1.5% nickel and 0.18% cobalt. QPM's previous contracts with Societe Le Nickel (SLN) and Societe des Mines de la Tontouta (SMT) covered its ore supply tonnage.
Societe Miniere Georges Montagnat (SMGM) was founded in 1956 by Georges-Louis Montagnat. The activities of the New Caledonian mining company include the discovery of new deposits, ore mining, transportation, stockpiling, lighting and shipping. The company is also a subcontractor for SLN. SMGM operates in the mining centres of Koumac, Tontouta and Ouinne (a laterite deposit). The company's main buyers are in New Caledonia, Japan and China. Laterite ore was also exported to Australia between 2000 and 2013.
