Published: May 22, 2023 |

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The Australian Government has approved close to $50 million in grants to accelerate the development of critical minerals projects which will help diversify supply chains, build domestic downstream processing and support new jobs and regional development.

Minister for Resources and Northern Australia Madeleine King said the projects would speed up development of Australia’s critical minerals sector and help Australia and export partners lower emissions and meet net-zero commitments by 2050.

“The successful projects will create jobs and opportunities across regional Australia and help Australia realize its ambitions to be a clean-energy superpower,” Minister King said.

“The 13 projects to receive funding under the Critical Minerals Development Program grants include plans to produce key inputs to lithium-ion batteries for electric vehicles, and to support supply chains for advanced manufacturing for aerospace, medical, energy, and defense applications,” King added.

“The grants will support Australia’s new critical minerals strategy, to be released shortly and which will outline how Australia can capture the significant opportunity of growing its critical minerals processing sector. Australia has remarkable potential to meet the increasing global demand for the critical minerals needed for clean energy technologies, such as electric vehicles and batteries, as the world moves to decarbonize,” King concluded.

THE SUCCESSFUL PROJECTS ARE LOCATE IN:

Western Australia
• $4.6 million to IGO Ltd. to support its Integrated Battery Material Facility at Kwinana, which will produce high
  value nickel-cobalt-manganese precursor cathode active material
• $1.2 million to Tungsten Metals Group for the production of ferrotungsten powders for advanced manufacturing
  for aerospace, medical, energy, and defense products
• $4.7 million to International Graphite to support the International Graphite WA Mine to market Battery Graphite
  Materials Project
• $5.9 million to Northern Minerals to support its Browns Range Heavy Rare Earths Project at Halls creek
• $1 million to Tungsten Mining to support test work for its Mount Mulgine Tungsten Project
• $6.25 million to Magnium Australia to commercialize CSIRO-patented technology for clean extraction of
  magnesium metal, and a Magnesium Refinery Pilot Plant in Collie

New South Wales
• $6.5 million to Australian Strategic Materials for its Dubbo Project, to support mining, separation and refining,
  and production facility for critical minerals including neodymium, praseodymium, dysprosium, terbium,
  zirconium, niobium, and hafnium
• $2 million to Clareville Ltd. for testing and scale up on its novel flotation separation additive which increases
  recovery of key critical minerals, such as lithium, cobalt, and vanadium, by 50 percent
• $2.9 million to Ecograf to support a graphite qualification facility at Lucas Heights

Queensland
• $5 million to Queensland Pacific Metals for the engineering and design for phase 1 of a full-scale refinery for its
  Townsville Energy Chemicals Hub
• $1.2 million to High Purity Quartz to support a pre-feasibility study for a project to build a solar PV grade quartz
  sand processing facility and a silicon metal production facility to establish solar PV cell manufacturing in
  Townsville
• $2.2 million to Evolution Mining to support Ernest Henry Operations to retrieve cobalt from mine waste

Further details on the grants and the successful projects are available HERE.

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