WA resources sector welcomes nearly $20b in funding

The WA Government has received almost $20b in funding support for critical minerals processing and resource exploration announced by the Federal Government’s 2024-2025 budget.

Critical minerals producers with existing downstream processing activities and those entering production in the future will be supported by a 10% production tax credit of $17.6b over 14 years.

A $10.2m investment in pre-feasibility studies to develop critical mineral common-user processing facilities and help small and medium-sized companies become producers.

A further $566.1m commitment over 10 years will support the industry in finding new deposits of minerals and sources of energy and help build a future made in Australia.

https://australianminingreview.com.au/news/wa-resources-sector-welcomes-nearly-20b-in-funding/