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Neve Brissenden and Marion Rae

Labor stumps up almost $1b for NT rare earths project

NT Mining the Northern Territory

The Albanese government has announced up to $840 million for a rare earths project in the NT. (Lukas Coch/AAP PHOTOS)

Australia has made a groundbreaking investment in rare earths after the government earmarked almost a billion dollars for the nation's first combined mine and refinery in the Northern Territory.

In a visit to the Top End on Wednesday, Trade Minister Don Farrell and Resources Minister Madeleine King met with NT Chief Minister Eva Lawler and announced up to $840 million for the Nolans project, which is operated and managed by Australian exploration company Arafura Rare Earths.

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