The Australian Government has committed over A$13.5 billion in cumulative funding, tax credits, and strategic allocation specifically designed to shift the country from a raw commodity exporter to a domestic midstream refining and down streaming processing hub. The Australian Critical Minerals Strategy 2023 – 2030 and Future Made in Australia plan include:  

• The A$5 billion Critical Minerals Facility supports projects aligned with the Critical Minerals Strategy, in Australia’s national interest. Direct debt and equity project finance to accelerate mid to downstream facilities.  

• The Critical Minerals Production Tax Incentive will provide a production incentive valued at 10 per cent of relevant processing and refining costs for Australia’s 31 critical minerals. This incentive will be applicable for up to 10 years per project. The incentive covers production between 2027–28 and 2039–40, by projects that reach final investment decisions by 2030. 

• Up to A$1 billion of the A$15 billion National Reconstruction Fund is earmarked for value-addition in resources. processing, refining and using critical minerals here in Australia. This is design to help transform the economy and drive innovation. 

See the interactive Australian Critical Minerals Prospectus for more details.