Critical Minerals Accelerator Initiative

Overview

Australia’s Critical Minerals Strategy outlines the government’s policy framework for our critical minerals market. Key areas of priority include: growing Australia’s critical minerals resource knowledge base and moving into downstream processing, in order to contribute to growing global demand for critical minerals  providing incentives for innovation to lower costs and increase competitiveness economic development and jobs growth in regional communities. In 2022, Australian Government is considering providing additional financial support to help strategic early and mid-stage projects to overcome technical and market barriers. The Critical Minerals Accelerator Initiative (program) will support projects through vulnerable points in the development process to help accelerate them towards a point at which they are sufficiently advanced to seek financing, including under the Australian Governments $2 billion Critical Minerals Facility. A comprehensive stock-take of existing projects within the sector has identified a cohort most likely to deliver the program objectives.  The objectives of the program are to: help Australian Critical Minerals projects contribute to supply chains of strategic importance  support and lower the risk associated with critical development activities to help progress towards offtake qualification and seeking debt financing to proceed to production The intended outcomes of the program are to: support projects in accelerating the development of their critical minerals resource, including through activities which will help projects obtain offtake and finance.