I’ll look again tomorriw sandfire (the ‘red cordial’ of the last few days has worn off into simply wanting to digest a rather beautiful night here)
But this popped out from a few weeks ago.
I don’t think it’s been shared yet.
The Australian Mining Review is a monthly feature-based publication providing news on issues affecting the industry.
Published Mar 14, 2025
Australia’s vast mineral wealth continues to solidify our role as a global leader in critical minerals.
The latest Australia’s Identified Mineral Resources (AIMR 2024) report from Geoscience Australia provides insight into Australia’s reserves, investment trends and role in future global supply chains.
The report reveals significant growth in economic demonstrated resources (EDR) for 13 critical minerals, including chromium, a mineral that strengthens alloys for corrosion resistance.
A standout milestone was Australia’s rise to the number one global ranking for vanadium resources — a transition metal known for its role in long-duration energy storage and steel production. According to the report, Australia now holds almost half of the world’s known economic reserves of vanadium, further proving our essential role in the energy transition.
Vanadium is of growing interest among the critical minerals, as it is required for vanadium flow batteries, a type of rechargeable battery that can be deployed to store the growing bank of renewable energy that we may rely on in the future.
According to the report, investment in mineral exploration reached $767.5m in 2023 for ‘other metals,’ a category that includes critical minerals. This spending exceeded exploration investment in iron ore and copper, signalling an important shift towards securing materials for emerging technologies…….
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