Support the Australian critical minerals sector to build diverse and competitive supply chains, attract international investment and transition to net zero.
The Government will provide $80.5 million over 4 years from 2023-24 to support the Australian critical minerals sector to build diverse and competitive supply chains, attract international investment and transition to net zero. Funding includes:
* $57.1 million over 4 years from 2023-24 to undertake international engagement to promote Australian critical minerals projects and build diverse and resilient supply chains with key international partners
* $23.4 million over 4 years from 2023-24 for critical minerals policy development and project facilitation, including activities to showcase Australia's environmental, social and governance credentials to international markets. This measure will be offset by redirecting funding from within the Industry, Science and Resources portfolio. This measure builds on the 2022-23 October Budget measure titled Supporting Australia's Resources.