BOI chief, Nova Minerals’ team focus on rare earth minerals

ISLAMABAD: Federal Minister for Investment and Chairman of the Board of Investment (BOI), Qaiser Ahmed Sheikh, held a meeting on Thursday with the delegation from Nova Minerals Ltd, a US-based mining exploration and development company listed on the ASX and NASDAQ, focusing on gold, antimony, and rare earth minerals.

During the discussion, the Nova Minerals delegation expressed strong interest in exploring investment opportunities in Pakistan’s mineral and mining sectors, particularly in antimony and rare earth minerals.

The company’s representatives conveyed that Pakistan’s geological diversity, government facilitation, and policy reforms make it an attractive destination for long-term investment. They also expressed interest in establishing technical collaboration, knowledge exchange, and feasibility studies to assess specific investment projects in partnership with local entities.

Minister Qaiser Ahmed Sheikh appreciated Nova Minerals’ keen interest and reaffirmed that the government encourages responsible, technology-driven ventures that ensure sustainability and local value addition. He stated that such initiatives would help create an ecosystem conducive to further foreign investment in Pakistan’s mining sector.

Copyright Business Recorder, 2025