Western Australia’s Battery and Critical Minerals Prospectus
On Wednesday 22 June 2022, Western Australian Minister for Mines and Petroleum, Bill Johnston, and Minister for Minister for State Development, Jobs and Trade, Roger Cook, launched the McGowan Government’s new prospectus promoting investment in the state’s battery and critical minerals industries.
The prospectus highlights WA’s abundance and diversity of resources, as well as the state’s strong credibility and experience in the mining sector.
Minister Johnston has stated that increasing job-creating manufacturing in WA is a focus of the State’s participation in the global battery and critical mineral supply chain.
The prospectus delivers the following pitch to investors:
- Booming resources and export industry. Economic growth has averaged 4.1% per annum over the past two decades
- A stable investment environment
- Connected to the world: proximity to, and shared time zone with, key Asian markets
- Perth is consistently ranked as one of the most liveable cities in the world
- High ESG standards
- Highly skilled and experienced workforce
- WA Government support for research and innovation
- Availability of wind and solar resources, a large land mass and low population density
- 18 ports, state-wide road, rail and energy networks, and heavy and general industrial precincts
Battery and Critical Minerals
- Some of the world’s largest deposits of critical minerals, with further discoveries anticipated following a recent boom in exploration activity
- Government funded incentives to de-risk exploration and gain pre-competitive data
- Established multi-billion dollar critical minerals processing industry with potential for growth
- WA and Australian Government financial support available for mineral processing and manufacturing
- WA Government working to unlock opportunities for the manufacturing of battery cells, battery packs and equipment, and the establishment of reuse and recycling facilities for battery and critical mineral products.
More information on Western Australia’s Future Battery Industry, including the new prospectus, here.
For more information, please contact your Hawker Britton consultant Emma Ramage on +61 430 811 929.