Queensland companies secure funding to conduct extensive exploration efforts for critical mineral deposits across the state.
In the most recent Collaborative Exploration Initiative (CEI) round, up to $300,000 in funding has been allocated to 18 projects spanning regional Queensland, notably near Chillagoe, Cloncurry, Mount Isa, and Townsville.
It prioritise the discovery of critical minerals essential for manufacturing solar panels, turbines, batteries, and other technologies crucial for global decarbonisation efforts.
The Miles Government has committed $22.6 million over five years to the CEI program as part of the Queensland Resources Industry Development Plan, aimed at expediting critical mineral discoveries in the state.
This will complement the Queensland Critical Minerals Strategy overseeing a $245 million investment to drive economic transformation through responsible utilisation of these resources.
Fast look
- $4.6 million in funding to discover more critical minerals.
- 18 successful Queensland projects.
- Program exploration data will be made publicly available.
Additionally, this initiative builds upon the $5 billion Copperstring 2032 project, poised to unlock potential $500 billion worth of critical mineral projects in the North West Minerals Province, with program data set to be publicly disclosed to foster further discoveries in Queensland.
News source: Queensland Government website
