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Compiling SVG ReactComponent using Laravel mix

Moore

I am trying to import an SVG file as a React component as below.

This normally works on apps created using create-react-app

import { ReactComponent as CloseIcon } from "./assets/icons/close.svg";

const App = () => {

    return (
        <div><CloseIcon /></div>
    );
};

export default App;

I tried doing something similar in laravel, but got this error

I suspect that this has something to do with my laravel-mix configuration (I am fairly new to laravel, excuse my ignorance)

At the moment, my webpack.mix.js laravel-mix looks like this:

    mix.ts("resources/js-react/src/index.tsx", "public/js-react")
    .react();

On compilation, it gives a warning saying

export 'ReactComponent' (imported as 'CloseIcon') was not found in './assets/icons/close.svg' (possible exports: default)

Any form of assistance would be appreciated.