The current AMCAP-III 2016-2025 Phase 2: 2021-2025 aims towards promoting the region as a minerals investment destination and building investments in all stages of the minerals value chain, commencing with exploration with attention to gradually building opportunities throughout the minerals value chain. The strategic plan is thus geared towards:

• boosting domestic and international investments in all components of the minerals value chain,
• adopting sustainable minerals development principles and working to expand stakeholder engagement and contribution,
• building human, institutional and technical capacities in minerals governance, and,
• developing new strategies and effective tools for collecting and processing data for the ASEAN minerals information system to drive investments and sustainable development.

To attract and promote exploration investment into the region, ASEAN recognised the need to enhance the quality and availability of pre-competitive geoscience data to potential investors. As such, the 9^th ASEAN Ministerial Meeting on Minerals (AMMin) held in November 2023 in Phnom Penh, Cambodia, endorsed the ASEAN Minerals Exploration Strategy (version 1: 2023) or AMEXS-1 which seeks to provide a coordinated set of strategies for improving geological prospectivity in ASEAN from the investor’s perspective, including a specific plan to collect and process the data that underpins the information base for marketing exploration in ASEAN.

The 9^th AMMin also adopted the Declaration on Promoting ASEAN as an Investment Destination for Sustainable Minerals Development, which affirmed ASEAN’s shared commitment to develop its mineral resources and contribute to securing an adequate and steady supply of metals and minerals to meet rising minerals demand and to fuel industrial expansion across ASEAN while encouraging responsible sourcing of mineral inputs and products to boost the region’s competitiveness and continued access to global markets.