The Federal Government's new Australian Critical Minerals Prospectus has flagged 49 mines and 29 midstream critical minerals processing projects around the country as investment-ready, according to a statement released Wednesday by the Government.
Highlighted projects include Rio Tinto Group's (ASX:RIO) Burra scandium project, Alcoa's (ASX:AAI) gallium project, Iluka Resources' (ASX:ILU) Eneabba Rare Earths refinery, and Larvotto Resources' (ASX:LRV) Hillgrove antimony-gold project.
It also includes Alpha HPA's (ASX:A4N) HPA First project, Lynas Rare Earths' (ASX:LYC) processing facility, and Arafura Rare Earths' (ASX:ARU) Nolans rare earths project.
Shares of Lynas Rare Earths rose 6% in recent Wednesday trade, while Rio Tinto and Alcoa gained past 4%, Iluka Resources rose 3%, Larvotto Resources added 2%, and Arafura Rare Earths were up 1%.