Australian government launches Critical Minerals Prospectus

The Australian government has launched the new Australian Critical Minerals Prospectus, including 49 mines and 29 midstream critical minerals processing projects ready for investment. 

The Prospectus is an important tool for drawing in investment from around the world, to create jobs and new supply chains of critical minerals with partner nations.

“Australia’s abundant deposits of critical minerals, alongside the expertise to extract and process those minerals, presents an invaluable economic opportunity that the Albanese Labor Government stands ready to seize,” said Minister for Trade and Tourism Don Farrell.

Minister for Resources and Northern Australia Madeleine King added, “We have the expertise and world-leading labour and environmental standards. This government is determined to position Australia at the front of global efforts to grow secure supplies of critical minerals and rare earths for our friends and partners.”

Critical minerals and rare earths projects are located in every corner of Australia and are vital for the production of clean energy, as well as for the defence industry.

The government is committed to unlocking new projects, with a pipeline of investment secured through the United States-Australia Framework for Securing of Supply in the Mining and Processing of Critical Minerals and Rare Earths, which was signed last October.

It is also providing direct support through the $1.2 billion Critical Minerals Strategic Reserve, the $4 billion Critical Minerals Facility and the Critical Minerals Production Tax Incentive.

The interactive Australian Critical Minerals Prospectus is available here.

Source: Ministers for the Department of Industry, Science and Resources

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