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

‘By investing significantly in geoscience, we can boost our progress towards net zero,’ the prime minister said.

Australian Resource Minister Madeleine King speaks during Question Time at Parliament House in Canberra, Australia on Aug. 9, 2023. AAP Image/Lukas Coch

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.