- Supporting early-stage industry development of downstream antimony processing in Victoria
- Victoria in top ten of global antimony producers
- Opportunity to lead in minerals processing technology
The announcement of grants to Gekko Systems and Southern Cross Gold Consolidated Ltd today by the Victorian Government is a crucial first step in securing an antimony processing facility in Victoria.
Developing homegrown capacity to process our critical minerals adds value, creates jobs and secures our supply chain.
Antimony is one of the Australian Government's top three priority critical minerals.
Its strategic role in defence and energy technologies including photovoltaic glass, batteries, armoured vehicles and as a flame retardant, coupled with limited global supply and few substitutes, make it a critical mineral.
Australia has the world's third-largest reserves of antimony and Victoria is in the top ten producers of antimony globally, making the state a logical choice for antimony processing close to existing and future mines.
The grants help Victoria build on its competitive advantages in education, research and manufacturing strengths to be a leader in minerals processing technology.
Backing research and pilot plants combined with reducing environmental impacts supports the state's circular economy goals and Victoria's expertise in education, METS and manufacturing.
The next step is for whoever forms government after next month's Victorian election to ensure competitive tax, energy costs and permitting timeframes.
Along with expanded investment in mining and processing, the right policies will support Victoria's development into a global hub for antimony and the production of mineral sands and rare earths.
