The NSW Government is investing $130 million in mining projects to help position the State as a major global supplier and processor of critical minerals and high-tech metals.
Deputy Premier and Minister responsible for Resources Paul Toole wasย in the Stateโs Far West over the weekend to announce 19 organisations would share inย more than $8.6 million under Stream 1 of the $130 million Critical Minerals and High-Tech Metals Activation Fund.
โCritical minerals and high-tech metals are going to be crucial to future technologies like advanced manufacturing, aerospace, ag-tech and renewables, and this fund willย progress projects and support feasibility studies right across the State,โ Mr Toole said.
โOur $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 NSW.
โWeโve already made itย easier for exploration companies to search for critical minerals and produce high-tech metals projectsย byย removing theย Mineral Allocation Areasย as a key part of the NSW Governmentโs Critical Minerals and High-Tech Metals Strategy.
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โNow, weโre turbocharging the industry by driving investment to deliverย feasibility studies, field trials, and environmental studies to get more projects off the ground.
โOur vision is to make NSW the number one investment destination for mining, exploration and advanced manufacturing, and we will continue to drive initiatives to achieve that.โ