Queensland Pacific Metals Ltd (ASX:QPM) has made progress in its goal to reach zero solids waste for the TECH Project, with positive results from test work and discussions with regulators.
The company is aiming for both zero solids waste and negative carbon credentials, a combination that is unheard of in the resources sector and would position QPM and the TECH Project as a global leader in environmental, social and governance (ESG) credentials.
Preliminary test work undertaken by James Cook University (JCU) has suggested that the residue would be suitable for use as engineered fill and has strong potential to meet regulatory guidelines.
Lifting the ESG bar beyond industry standard
“Potential off takers and financiers have been forthright in their communications to QPM regarding the importance of ESG credentials when evaluating battery metal projects,” Queensland Pacific Metals managing director and CEO Stephen Grocott said.
“They are already delighted that QPM are already world-leading through our zero process liquid discharge, very small residue proportion and negative greenhouse gas intensity.
“However, we are now going even further than this to stamp the TECH Project as a global benchmark. Achieving zero solids waste lifts the ESG bar to a level not even under consideration in the battery material sector.
“Having been in the resources industry for over four decades, it is refreshing to see mindsets of organisations and people change to ensure the environmental impact is not just minimised but turned into greater environmental value.
“I am excited at the potential to make the TECH Project the first zero solids waste project in the world and to exceed the expectations of the companies who will be purchasing our products.”
QPM says it has held positive discussions with the Queensland Department of Environment and Science regarding the approvals process to operate under a Queensland Government End of Waste Code.
This designation would allow the TECH Project residue to be recognised as a resource rather than a waste stream, an important step in leveraging the solids waste into a usable product.