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Plenty for Small Caps in 2022!

30 March 2022
Jack Baker

Yesterday’s budget will continue to undergo the grand reveal over the coming days, and fine details will be pored over.

But a point of consensus will be that resources are have been big winners, with the sector receiving a 10 per cent budgetary windfall within a year.

The government is allocating investment in processing, infrastructure and export capabilities to take advantage of soaring commodity prices in rapidly emerging new technology markets.

Critical Minerals

A $2 billion Critical Minerals Facility for loan capabilities to help secure supplies of vital resources was the big-ticket set to cause a new wave of exploration across the country.

An additional $200 million in grants will be available through a Critical Minerals Accelerator initiative to speed up development and attract the private sector, plus a $50.5 million Critical Minerals Research and Development Centre.

A $328.3 million initiative commitment will boost downstream processes of critical minerals and provide confidence to explorers.

Companies looking to advance environmental surveys to strike into hot commodity markets could get a speed boost with $128.5 million in ecological law reform for streamlining approval processes.

Fossil fuels

A massive $7.1 billion was included to power up to four key fossil fuel regions and build energy security.

A 5-year $148.6 million will grow investment in affordable and reliable power, including microgrids in less-populated parts of the country.

The natural gas sector seen as key for transition will receive $50.3 million in grants to accelerate priority infrastructure and storage projects.

Renewable energy

The Low Emissions Technology Commercialisation Fund provided a $500 million boost for developing new green technologies and $158.7 million in funding to support two additional clean hydrogen hubs.

Australian Renewable Energy support of $84 million is aimed at building private sector investment in green technologies.

Infrastructure and logistics

Infrastructure spending is certain to aid a number of juniors with a $2 billion increase to the Northern Australia Infrastructure Fund and $400 million for Outback Way, the great road kicking off at Laverton and crossing through Alice Springs and major mining regions en route to Winton in Queensland.

Included was a $1.5 billion investment in the Pilbara to increase mineral processing, focusings on a low-emission, next-generation export hub.

Environmentally minded transportation gets a hand with a fresh $177.7 million for the Future Fuels Fund supporting heavy and long-distance freight technologies and hydrogen refuelling stations.

Skills

Seekers of skilled workers hampered by border closures welcome a further $2.8 billion on apprentice schemes and an increase in net migration with an additional $3.7 billion ticketed for small businesses to invest in training.

More budget news to come as it happens.

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