The NSW Government is investing $130 million in mining initiatives to help position the State as a key global supplier and processor of critical minerals and high-tech metals.
Over the weekend, Deputy Premier and Minister for Resources Paul Toole announced that 19 organisations would split over $8.6 million from Stream 1 of the $130 million Critical Minerals and High-Tech Metals Activation Fund.
“Critical minerals and high-tech metals are going to be crucial to future technologies like advanced manufacturing, aerospace, ag-tech, and renewables, and this fund will progress projects and support feasibility studies right across the State,” Deputy Premier Toole said.
Deputy Premier Toole stated that the $8.6 million investment is matched by industry contributions, resulting in a total investment of $30 million in NSW’s critical minerals sector.
“We’ve already made it easier for exploration companies to search for critical minerals and produce high-tech metals projects by removing the Mineral Allocation Areas as a key part of the NSW Government’s Critical Minerals and High-Tech Metals Strategy. Now, we’re turbocharging the industry by driving investment to deliver feasibility studies, field trials, and environmental studies to get more projects off the ground,” he added.
According to Deputy Premier Toole, their objective is to make NSW the top investment location for mining, exploration, and advanced manufacturing, further expressing their commitment to continuing to drive efforts to that end.
