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Banksia Minerals will receive up to $5 million from ARENA to advance its copper production pilot project, enhancing Australia's critical minerals capability and aiding the clean energy transition. The funding, from the Advancing Renewables Program (ARP), is structured in two stages over three years and aims to de-risk the development of Banksia's pilot plant, transitioning it from lab prototype to field demonstration.

The technology enables efficient processing of low-grade copper while minimizing energy consumption and emissions. ARENA's support underscores the importance of innovation in meeting rising copper demand amidst supply constraints.