Critical Minerals Acceleration

SACOME calls for completion of a Critical Minerals to Metals Strategy and the provisioning of $50 million as an initial investment in the proposed Critical Minerals Development Fund.

This would capture the full value chain of South Australia’s resources and act as a jurisdictional advantage in accelerating development of critical minerals projects in South Australia.

SACOME also calls for an initial investment of $50 million for a Critical Minerals Development Fund to better leverage South Australia’s existing minerals processing capacity.

This investment could catalyse projects necessary to support the energy transition and decarbonisation of the State’s heavy industry. SACOME calls for completion of a Critical Minerals to Metals Strategy and the provisioning of $50 million as an initial investment in the proposed Critical Minerals Development Fund. Global demand for critical minerals will continue to increase. With its abundance of critical mineral wealth, including 80% of Australia’s battery-grade graphite resources and large quantities of lithium, cobalt, manganese, and nickel, this represents a significant untapped opportunity for South Australia.

The Federal Government’s Critical Minerals Strategy and funding of rare earths and battery projects as part of its $4 billion Critical Minerals Facility provides a window for South Australia to capitalise on national impetus.

n the same way that the South Australian Government’s Plan for Accelerating Exploration (PACE) catalysed mineral and gas exploration, SACOME submits that a Critical Minerals to Metal Strategy and associated Development Fund would assist in accelerating critical minerals projects and provide jurisdictional advantage to South Australia.

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