Queensland’s mineral explorers are being invited to stake their claim in $2.5 million worth of grants to discover the minerals needed to meet the demands of the world’s technology and renewable sectors.
Minister for Resources Scott Stewart said the latest round of the Collaborative Exploration Initiative, which is now open, provides a golden opportunity for Queensland explorers and will help drive the state’s economic recovery from COVID-19.
“Investment in exploration today is what will lead to the next generation of projects and jobs, and these grants are in place to put Queensland’s industry on the front foot,” Minister Stewart said.
“Explorers have the chance to apply for grants of up to $200,000 under the joint government-industry Collaborative Exploration Initiative to help drive innovation to make new discoveries and economic growth across the state.”
“Demand for the next generation of minerals is growing globally, driven by emerging technologies like electric vehicles, solar panels and battery storage, low-emission power sources, consumer devices, and products for the medical, defence and scientific research sectors.”
Minister Stewart said as the world continues to adopt and develop these emerging technologies, the demand for minerals like silica, titanium, lithium and vanadium will increase.
“And Queensland will be front and centre,” he said.
“Exploration is incredibly important for developing potential new projects and mineral deposits, which will benefit all Queenslanders.”
The last four rounds of the Collaborative Exploration Initiative supported 46 projects exploring for mineral resources across Queensland.
Minister Stewart noted that exploration is an essential part of the resources industry, continuing to provide important jobs during the state’s economic recovery.
“The latest ABS data shows investment in Queensland exploration sector has risen to $677 million in 2020, which is up more than $117 million on the previous year,” he said.
“The Palaszczuk Government has supported more than $21 billion in resource sector investment and created more than 8000 jobs.”
Applications are now open at the Queensland Government CEI grants website and explorers should submit proposals by 21 May 2021.
Successful candidates will be announced in June 2021.