Sunrise Energy Metals welcomed the Federal Government’s decision to award Major Project Status to the Sunrise Battery Materials Complex in New South Wales.
The Sunrise Project is one of the world’s largest and most cobalt-rich nickel laterite deposits, with all necessary licenses and approvals in place. It is also one of the world’s largest and most high-grade scandium deposits.
CEO, Sam Riggall, said the award of Major Project Status formally recognises the significance of the Sunrise Project to the Australian economy and regional communities in New South Wales.
“We are grateful to the Australian Government and its agencies for the award of Major Project Status to the Sunrise Project,” Mr Riggall said.
“It confirms the government’s on-going commitment to Australia’s critical minerals sector, most recently recognised in the establishment of the A$2 billion Critical Minerals Facility.
“As national and state policies evolve to support Australia’s critical minerals sector, large, long-life and low-cost assets like Sunrise will be key to building reliable and sustainable regional supply chains.”
Making the announcement, Minister for Industry, Energy and Emissions Reduction, Angus Taylor, said the project is expected to create 1,800 direct jobs during construction and about 400 ongoing full-time jobs.
“The Morrison Government is pleased to support the Sunrise Battery Materials project, which will deliver big rewards for regional NSW communities, build our sovereign capability and create new jobs,” Minister Taylor said.
“Australia is lucky to have some of the largest reserves of the critical minerals and metals which drive the modern global economy.
“As part of the Morrison Government’s Modern Manufacturing Strategy we are committed to building Australia’s capability in critical minerals processing and increase our contribution to global battery supply chains, which is exactly what this project is about.”