The Queensland Government has recognised Graphinex’s Esmeralda Graphite Project as a “prescribed project” which it says can supercharge Queensland’s critical minerals sector and drive new regional jobs.
The project, which hosts Queensland’s largest graphite deposit, will now be able to proceed without interruption, having been designated as a prescribed project.
Queensland deputy premier Jarrod Bleijie said the partnership highlights the state’s role in securing critical mineral supply chains.
“The Queensland Government is driving progress, creating jobs, and strengthening Queensland’s position as a world leader in critical mineral extraction and processing,” he said.
“Declaring the Esmeralda Graphite Project a prescribed project ensures it moves forward without unnecessary delays. The [Queensland] Government is reigniting investor confidence and delivering progress for regional Queensland.”
The operation has investment potential of over $1.3 billion. The Graphinex’s Esmeralda Graphite Project involved developing an open-pit graphite mine and processing facility 70 kilometres south of Croydon, as well as a graphite refinery in Townsville to produce battery-grade anode materials.
Graphinex managing director Art Malone said the designation will continue to fast-track the project’s path to market.
“This prescribed project declaration is a major milestone for Graphinex,” he said.
“It will ensure our approvals are not unnecessarily delayed and confirms the Queensland Government’s recognition of the project’s strategic importance to the State.”
The company is targeting a final investment decision and commencement of construction in late 2026.
Queensland natural resources and mines minister Dale Last said the decision reflects the government’s commitment to accelerating the next generation of regional mining projects.
“This declaration sends a clear message that under the [government], Queensland is open for business and we’re backing projects that create long-term jobs and deliver investment into regional Queensland,” he said.
“This is another example of the Crisafulli Government’s resources cabinet committee in action, cutting red tape, driving faster approvals, and delivering certainty to investors so they can get on creating local jobs. But we’re not sitting on hour hands, we’re out meeting overseas investors and helping project proponents to lock in the investment they need to get going.”
Queensland coordinator-general Gerad Coggann said that his office will continue to work alongside government agencies, local councils, and project proponents to keep momentum going.
“Our role is to ensure the approvals process remains coordinated and timely while maintaining high environmental and community standards,” he said.
“This declaration allows us to work collaboratively to deliver the economic and strategic benefits this project promises for Queensland.”