Deputy Premier and Minister for Regional NSW Paul Toole announced the hub at the Toongi property where the facility will be constructed on Monday morning along with Member for Dubbo Dugald Saunders.

"This is a working property and it's a pretty unique site," Mr Saunders said.

"The strategy itself is about delivering economic growth and also delivering advanced manufacturing jobs in the future.

"There is global demand and we will be at the forefront of the demand."

Mr Toole believes the construction of the minerals hub will be a big investment in the future of regional NSW and the central west.

"This is important because as the deputy premier I want to make our state the number one investment when it comes to mining and advanced manufacturing," he said.

"They are going to be future."

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Mr Toole is confident once the minerals hub is finished, NSW will have to ability to provide high-tech metals and minerals to organisations around the world.

"We want to be a global supplier," he said.

"But we also want to lead the world.

"When you have a look at regional NSW this is the place where we are going to make the investment.

"It means now that we will see billions of dollars being invested in regional NSW."

Four high-tech metals will be mined at the facility which are cobalt, tungsten, titanium and copper along with other rare earths.

Mr Toole is confident the hub will set NSW apart from other locations as the demand for critical minerals increases in the next 40 years.

The state government's Critical Minerals and High-Tech Metals Strategy will also have room for further geological surveys to deliver data for explorers.

There is hope that the minerals hub will adequately help fulfil the supply chain link between mines and manufacturing.

Association of Mining and Exploration Companies (AMEC) chief executive officer Warren Pearce knows the minerals will be useful for a range of different products whilst providing skilled jobs to local workers.

"Critical and high-tech minerals are the minerals of the future," he said.

"These are the minerals that will be needed to manufacture batteries, power electric vehicles and construct wind turbines and solar panels that will support a low carbon future.

"The Critical Minerals Strategy will support NSW in a new era for the industry."

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