SOURCING THE MINERALS AND METALS OF THE FUTURE
Tuesday, 27 September 2022
Applications are now open for the first round of a new fund set to turbocharge the critical minerals and high-tech metals sector and position regional NSW as a major global supplier.
Member for Cootamundra Steph Cooke said the Critical Minerals and High-Tech Metals Activation Fund would help diversify and accelerate mining projects.
“Our region is rich in rare earth minerals, cobalt, copper, antimony, and scandium, which are crucial to a range of emerging technologies,” Ms Cooke said.
“This fund will help bolster the economy and provide local jobs in the mining sector for our small communities.”
Deputy Premier and Minister for Regional NSW Paul Toole said the NSW Government is investing more than $130 million towards the growth and future of the mining sector and I’m pleased to announce applications are now open for the first stream of this Fund.
“It will help deliver a diverse, vibrant, investment-ready industry, ensuring NSW is ready to meet the rapidly expanding global market and giving a vital economic boost to our regional economies,” Mr Toole said.
“To give projects the best possible start, grants of up to $500,000 will support key studies, research and development, such as feasibility studies, mine re-use processing studies, metallurgical testing and infrastructure, water, and environmental studies.”
Grants will be awarded through a competitive process and successful applicants will be required to provide a funding co-contribution.
For further information on the Critical Minerals and High-Tech Metals Activation Fund, including program guidelines and eligibility criteria, go to regional.nsw.gov.au/activation-fund
