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The McGowan Government has welcomed the announcement of a $140 million NAIF loan for the Yangibana Rare Earths Project in the Gascoyne.

The Yangibana Rare Earths Project aligns with the vision outlined by the WA Government in its Future Battery and Critical Minerals Industries Strategy, to develop a world-leading sustainable and value-adding battery and critical minerals sector.

Once fully functioning, the Onslow Rare Earths Plant will have a production capacity of around 15,000 tonnes per annum of mixed rare earth carbonate (neodymium and praseodymium).

Construction is expected to begin later this year, subject to government approvals.

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Page was last reviewed 14 February 2022

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