5 ASX Mining Shares Backed by Australian Government Projects

ASX mining shares, including Core Lithium Ltd (ASX: CXO) and Iluka Resources .

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Limited (ASX: ILU), feature in the Australian Federal Government's Critical Minerals Prospectus, promoting 52 investment-ready projects.

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The prospectus, aligned with the Critical Minerals Strategy 2023-2030, aims to position Australia as a major global producer of raw and processed critical minerals.

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The government seeks local and international investment to support the development of new mines and industries for renewable energy.

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Notable ASX mining shares in the prospectus include Core Lithium, with its BP33 underground mine undergoing a feasibility study.

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Liontown Resources Ltd (ASX: LTR) is highlighted for its Kathleen Valley lithium project.

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Set to deliver material compliant with the US Inflation Reduction Act.

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Iluka Resources is seeking funding to build Australia's first fully integrated rare earths refinery.

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The Eneabba Refinery, scheduled for commissioning in late 2025.

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Neometals Ltd (ASX: NMT) owns a significant titanium and vanadium deposit, open to discussions on project equity, joint ventures, and financing.

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Renascor Resources Ltd (ASX: RNU) seeks backing for its vertically integrated graphite operation in South Australia.

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The government commits $4 billion to critical minerals supply chain businesses through the Critical Minerals Facility.

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The updated Critical Minerals List includes fluorine, molybdenum, arsenic, selenium, and tellurium.

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While a new Strategic Minerals List comprises copper, nickel, aluminium, phosphorous, tin, and zinc.

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