The New South Wales Government will invest $8.6 million toward 19 critical minerals projects from its inaugural $130 million Critical Minerals and High-Tech Metals Activation Fund.
New South Wales Deputy Premier and Minister for Resources, Paul Toole, announced 19 organisations would share in more than $8.6 million under 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,” Mr Toole said.
“Our $8.6 million investment is being backed in by industry co-contributions and together will drive $30 million of investment into growing the critical minerals sector in New South Wales.
“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 our 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.
“Our vision is to make New South Wales the number one investment destination for mining, exploration and advanced manufacturing, and we will continue to drive initiatives to achieve that.”
