Ammolite_mining

McGowan Government continues to support exploration and mining

  • Up to $4.83 million offered to 44 general and prospecting drilling projects
  • Round 16 recipients include a diverse range of commodities from across the State
  • Exploration Incentive Scheme has assisted more than 585,500 metres of drilling in Western Australia

Mines and Petroleum Minister Bill Johnston has recently announced the 44 successful projects that will benefit from the State Government’s highly competitive Exploration Incentive Scheme (EIS) Co-funded Drilling Program.

The flagship program aims to increase private sector resource exploration to help find the next big mineral or energy discovery.

From the South-West to the Perth Basin, and the Kimberley and Amadeus basin, the successful Round 16 applicants include lithium, gold, copper, base metals, potash, petroleum and nickel projects.

Drilling will take place throughout 2018, and will be refunded up to 50 per cent of direct drilling costs – with caps of $150,000 for a multi-hole project, $200,000 for a single deep hole, and $30,000 for a prospector’s project.

The application process for Round 17 will open in February 2018.

For more information, click here.

If you enjoyed this post, please consider leaving a comment or subscribing to our FREE eNewsletter to have future articles delivered directly to your inbox.



There are no comments

Add yours