Queensland explorers invited to stake their claim in $2.5 million

Queensland’s mineral explorers are being invited to stake their claim in $2.5 million worth of grants to find 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,” Mr 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."

Mr Stewart said as the world continued to adopt and developed these emerging technologies, the demand for minerals like silica, titanium, lithium and vanadium would 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.

Mr Stewart said exploration was an essential part of the resources industry, continuing to provide important jobs during Queensland’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.

“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 May 21, 2021.

Successful candidates will be announced in June 2021.

ENDS

Media contact: Chris Lees - 0434 859 940