Queensland Pacific Metals Ltd. announced the signing of a non-binding MOU with Transition Energy Corporation Pty Ltd. and North Queensland Gas Pipeline to develop a dedicated gas supply chain from the northern Bowen Basin to QPM's TECH Project. The MOU brings together parties with experience in developing and operating natural gas projects with existing pipeline infrastructure already in place from Moranbah in the Bowen Basin to Townsville. The strategic plan to be investigated and assessed by the Parties is for: Natural gas to be supplied from resources currently available in the northern Bowen Basin including those on operating metallurgical coal mines. TEC intends to assess the potential to drain and harvest gas that would otherwise be flared or vented into the atmosphere. Once produced, the gas would be transported to a new centralised gas processing and compression facility to be located in the region. When processed, the gas would be transported to, and injected into, the NQGP for transporting to a Let Down Facility to be located at the Lansdown Eco Industrial Park adjacent to the TECH Project. The MOU covers a number of key areas including; Outline of the key Operating Agreements that need to be agreed between the parties primarily a Gas Sales Agreement and a Gas Transport Agreeme. Allocate key development work streams ­ summarising feasibility, design and constructi work required for the production, processing and delivery of gas. Operating Responsibilities ­ allocation of responsibilities between the Parties once g supply has commenced. Financing Plans between QPM and TEC ­ optimising funding options.