$566 Million Into Exploration of Australia’s Vast Untapped Resources for Net Zero

Published on May 12, 2024

The federal government will implement a decade-long $566.1 million investment in the upcoming federal budget to map Australia’s new mineral resources. Led by Geoscience Australia, this move aligns the resources industry with Future Made in Australia policy objectives by leveraging resources to power the country’s future and ensure job stability for the current and succeeding generations. Over 80 percent of Australia’s geological resources are untapped, including a wide range of minerals, groundwater, and energy resources. This investment aims establish a comprehensive mapping of Australia’s groundwater systems. It will also help Resourcing Australia’s Prosperity (RAP) explore resource potential and mineral development for the next 35 years. This includes an unprecedented mapping of offshore areas and possible sites for clean hydrogen projects....

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