Australian government releases Critical Minerals Prospectus
The Australian government has highlighted the country’s critical minerals potential with the release of the Australian Critical Minerals Prospectus, which showcases 52 investment ready critical minerals projects.
In a joint announcement, Australia’s Minister for Resources Madeleine King and Trade and Tourism Minister Senator the Hon Don Farrell shared the 108-page document, noting that it included projects ‘ripe for funding’ across the critical minerals supply chain.
According to the government, development of these projects would help meet rising global demand for critical minerals and grow job opportunities in the country.
The prospectus also includes updated figures of Australia’s critical mineral resources and information on new developments in the market.
“The road to net zero runs through Australia’s resources sector,” said Minister King.
“Australia’s critical minerals are key to the world’s energy transformation. But we need to attract investment to get these minerals out of the ground, to process them here, to build the batteries, wind turbines and solar panels required make the switch to a lower carbon economy.
“This prospectus will help attract the investment we need to build new industries, create jobs and reduce global emissions.”
The prospectus is an important tool to help Australia to engage with an international audience according to Sen Farrell.
“This Prospectus showcases many game-changing Australian critical minerals opportunities for international investors. We have an abundance of minerals with a strong regulatory environment, and a range of free trade agreements with countries in need of our resources.
“More international investment in critical minerals means more jobs, including value-adding jobs for Australian workers on these projects.”
This August, critical minerals experts will converge on Brisbane to discuss demand and investment drivers, mineral economics, the role of government, ESG considerations, discovery and development, processing and manufacture, new technologies and much more. Join us at AusIMM's Critical Minerals Conference 2024.
To register for Critical Minerals 2024, click here.