LMG 2.27% 4.3¢ latrobe magnesium limited

general discussion, page-1967

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    My reading is that LMG would be eligible, however I don't think they have called for applications yet.

    From the recent budget at https://business.gov.au/grants-and-programs/critical-minerals-development-program

    Critical minerals

    A Future Made in Australia needs critical minerals. The Albanese Government is committed to ensuring we can capitalise on the great opportunity provided by critical minerals and the global clean energy transition.

    Australia is blessed with abundant reserves of critical minerals, including rare earths elements, such as lithium, nickel, cobalt and silicon, which are essential for clean energy technologies such as solar panels, wind turbines and storage and electric vehicle batteries.

    • Australia can improve the resilience of supply chains and add more value to our resources by processing and refining critical minerals. To realise this opportunity, the Government is investing:
    • A ten per cent production tax credit totalling $7 billion over the decade for all 31 critical minerals to drive critical minerals processing in Australia. This will enable us to realise the full value of our natural resources and maximise benefits for our nation;
    • $10.2 million for pre-feasibility studies to develop critical mineral common-user processing facilities to enhance Australia’s capacity to process critical minerals, sovereign capability and economic resilience
    • $5.8 million for a critical minerals trade enhancement initiative.
    • $1 million for a pilot educational program, to strengthen the capabilities of Australia’s critical minerals sector to detect, prevent and mitigate foreign interference.
    I don't think the elegibility criteria will not change much from the previous rounds - see attachment section 4 in the Grant Opportunity Guidelines at https://business.gov.au/grants-and-programs/critical-minerals-development-program#:~:text=The%20Critical%20Minerals%20Development%20Program,in%20Australia's%20Critical%20Minerals%20Strategy.

    You can see the winners from tranche 2 announced janiary 2024 at https://business.gov.au/grants-and-programs/critical-minerals-development-program/grant-recipients
 
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