Queensland Pacific Metals Ltd (ASX:QPM) (FRA:4EA) is in a trading halt with an announcement pending in regard to finalisation of an offtake and associated funding agreement.
The trading halt will remain in place until the beginning of normal ASX trade on Tuesday, June 8, or until an announcement is released to the market, whichever occurs earliest.
Cultural Heritage Management Agreement
In early May the company entered into a Cultural Heritage Management Agreement (CHMA) with the Bindal People for its TECH Project at Townsville in North Queensland.
According to the agreement, the company acknowledges that the Bindal People are the Traditional Owners and Custodians of the Lansdown site where the TECH Project will be constructed.
The CHMA between QPM and the Bindal People is being implemented to ensure Aboriginal Cultural Heritage is identified and managed as part of the TECH Project.