Tasmania has some of the richest geology in Australia. Mining on the west coast and King Island is a major contributor to Tasmania’s economy, and the demand for critical and new economy minerals is driving the expansion of the state’s mining sector.
There are many opportunities for further exploration of critical and new economy minerals, including silica, fluorite, nickel and cobalt.
Recognising the untapped potential of Tasmania’s critical mineral resources, the state government is providing A$2 million to fund geoscientific studies and research to de-risk exploration and improve environmental outcomes of resources projects. This is being complemented by federal funding of up to A$3 million under the Exploring for the Future program which will generate the regional datasets to help unearth more of the state’s natural mineral reserves and create local jobs.
The tertiary sector works closely with industry to produce highly trained graduates of earth sciences, engineering and other mining-related degrees. There is also strong collaboration between industry, academia and government when it comes to R&D and innovation. The Australian Research Council Centre for Ore Deposits and Earth Sciences (CODES), based at the University of Tasmania in Hobart, works in partnership with industry to transform the mining value chain. CODES is renowned as a global leader in ore deposit research and attracts academics and postgraduate students from around the world.
“Even in the United States everyone talks about the University of Tasmania and the geology program here, particularly the postgraduate program.”
Cassady Harraden, American PhD student at CODES in the Transforming the Mining Value Chain research hub
Incentives, grants and support
Businesses wanting to be part of the critical minerals sector in Tasmania may qualify for services, resources and support such as:
- The Tasmanian Government offers a range of grants and funding programs.
- Migration Tasmania runs the Business Migration Program, attracting and leveraging investments from high-calibre foreign investors.
- The Office of the Coordinator-General provides support to major investors and businesses moving to Tasmania.
- Mineral Resources Tasmania also administers a state government Exploration Drilling Grant Initiative.