Queensland is poised to become a global leader in the supply of a raft of key minerals needed to create renewable energy, Queensland Exploration Council (QEC) chair Kim Wainwright said today.
Speaking in the lead-up to the QEC's annual exploration forum in Brisbane on 19 February, Ms Wainwright said local exploration companies were busier than ever across all commodity sectors.
"We are seeing renewed exploration activity in the gas industry in particular, in fact, the September 2020 quarter was the highest exploration expenditure we had seen since 2015 levels," she said.
"For critical minerals, activity has not really slowed at all.
"The State Government is eager to facilitate exploration development and investors are keen to get on board with the minerals that are leading technological advancements in renewable energy, battery storage and defence systems to name a few."
Ms Wainwright said Queensland is rich in new economy minerals such as Cobalt, Copper, Vanadium, Magnesite and Bauxite.
