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Incentive scheme drives new exploration projects

Mines and Petroleum Minister Bill Johnston today announced the successful applicants for Round 17 of the popular Exploration Incentive Scheme (EIS) co-funded drilling program.

The announcement follows the Government’s recent State Budget decision, which secured the continuation of the $10 million per year scheme and provided certainty to industry.

Round 17 will provide $5.2 million to 42 projects to be drilled in the 2018-19 financial year.

The successful applicants are targeting a range of commodities including copper, silver, lithium, base metals, manganese, graphite and heavy rare earth elements.

The project locations are equally diverse with sites in the South-West, Gascoyne and Pilbara regions; the west Kimberley and remote eastern margins of the State.

Now in its 10th year, the co-funded drilling program has supported more than 430 ventures, which have drilled more than 630,000 metres and contributed to more than 25 discoveries.

Co-funded drilling success stories include the Nova nickel-copper-cobalt mine east of Norseman and Rox Resources’ Camelwood nickel deposit.

The next round will open in August-September for co-funded projects to be drilled in 2019.

For more information on the list of successful applicants, visit http://www.dmp.wa.gov.au

 

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