Critical Minerals Development Program
The Critical Minerals Development Program is an Australian Government initiative running from 2022-23 to 2024-25, with a total funding pool of AUD 48.9 million. The programme aims to strengthen Australia's critical minerals sector, with grants ranging from AUD 1 million to 30 million, covering up to 50% of eligible project expenditure.
Key Objectives:
- Supporting and de-risking critical development activities to help companies progress towards production
- Supporting the global transition to net-zero emissions by 2050 through critical mineral resource development
- Creating economic development and jobs in regional communities
- Supporting workplace gender equality and opportunities for First Nations people
The programme supports various project types, including:
- Business cases and feasibility studies
- Pilot and demonstration projects
- Engineering and technical work
- Commercialisation of technology
- Downstream manufacturing capability development
The programme emphasises projects that can demonstrate:
- Strategic relevance to Australia's supply chains
- Contribution to sovereign capability
- Support for the net-zero transition
- Job creation in regional areas
Among the announced grant recipients (Tranche 2), there was one notable recycling-focused project: Evolution Mining Limited received AUD 2,234,965 to support plans to retrieve cobalt from mine waste by treating tailings from Ernest Henry Operations.
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