NSW Government Invests $130 Million for State’s Mining Mineral Fund

The New South Wales Government is set to invest more than $130 million for the growth and the future of the state’s mining sector. “I’m pleased to announce applications are now open for the first stream of this Fund,” Deputy Premier and Regional NSW minister Paul Toole said.

This fund is set to ‘turbocharge’ the critical minerals sector and the high-tech minerals sector of regional New South Wales and set the state up to be a major global supplier.

The state is rich with critical minerals that are crucial to emerging sustainable technologies, for the defense sector, electric vehicles, solar panels, and wine turbines.

Grants will start at $500,000 to support key studies, as well as research and development for the investment-ready industry.

The grants will undergo a competitive process and the successful applicants will also be required to provide co-contribution funding.