The treasurer wants to see the spoils of Australia's critical mineral wealth lifting people out of disadvantage, as happened during the last mining boom.
Research shows the mid-2010s boom triggered a sharp uplift in economic mobility in Queensland and Western Australia, which Jim Chalmers would like to see replicated.
"Mobility is all about how easy or hard it is for a kid from a disadvantaged background to become more prosperous themselves as an adult," he said on Friday.