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Zero rent to encourage critical minerals exploration

Exploration is critical to building a critical minerals value chain in Queensland. An immediate priority as part of the Queensland Critical Minerals Strategy is to encourage more exploration to support new mineral discoveries.

From 1 September 2023, the Queensland Government is reducing the rent for new and existing exploration permits for minerals to $0 for 5 years. This equates to approximately $55 million of forgone revenue.

One of the barriers to exploration of critical minerals is the cost of permits, so the rent reduction is designed to support companies to redirect funds towards their exploration activities.

The rent reduction applies to mineral exploration permits that fall due between 1 September 2023 and 31 August 2028. Read more about how the rent reduction works and who is eligible.

Reduced rent for exploration is just one of a number of actions in the Queensland Critical Minerals Strategy that will help grow the sector and position Queensland as a global leader, supplier and manufacturer of critical minerals.

Last updated
30 August 2023
Last reviewed
30 August 2023