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GSI plans 1,055 programmes for field season 2024-25, focus on strategic and critical minerals like lithium

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Non-Ferrous 23 Jan 2024 09:50 AM IST The Hindu BusinessLine

In its Field Season for 2024–2025, the Geological Survey of India (GSI) has identified 1,055 research programmes, 392 of which are mineral development projects (across G2, G3, G4, and offshore explorations) with the potential to produce mineral blocks that can be put into practical use in the future.

The major thrust continues to be the discovery of strategically important minerals including critical ones like lithium.

There are another 133 projects with mineral bias or mineral discovery projects having a potential for generating promising areas for future exploration in the G4 stage, the Union Mines Ministry said in a statement.

Within the exploration activity, the major thrust has been given to the exploration of strategic and critical fertiliser minerals.

Around 188 projects on strategically important mineral commodities like REE (rare earth elements), graphite, lithium, vanadium and PGE (platinum group of elements), among others have been approved for FY-25, which is nearly a 50% jump from the previous year’s target.

There are another 111 projects under natural hazard studies or public good geoscience that have been taken having societal benefits, the statement added. Among these, 25 programmes are being taken up on State request or Disaster Management Authorities. This will include programmes mostly covering natural hazards and 43 programmes are in collaboration with universities/agencies / under the sponsorship of different authorities like IITs, NGRI, DRDO, NRSC-ISRO, University of Hyderabad, ASI, CGWB Ministry of Jal Shakti, SJVNL, NWDA, Indian Railways, BRO and State Irrigation Departments.

According to VL Kantha Rao, Secretary, Ministry of Mines, GSI and other exploration agencies were asked to explore the possibility of an increase in the pace of exploration of critical minerals.

He also urged the State governments to be more aggressive in the implementation of exploration projects through NMET (National Mineral Exploration Trust) funding.