WA Govt continues mineral exploration investment

The Western Australian Government has continued its investment in mineral exploration by adding considerable funding to the Exploration Incentive Scheme (EIS).  Applications are open for Round 25 of the EIS’ highly popular co-funded drilling program and Series 3 of the Energy Analysis Program (EAP).

Explorers can receive a refund of up to 50 per cent for innovative drilling projects, with updated capped values of $180,000 for a multi-hole project (previously $150,000), $220,000 for one or two deep holes (previously $200,000) and $40,000 for prospectors (previously $30,000).  The co-funded EAP offers up to a 50 per cent refund for up to $50,000 per application.

The co-funded drilling program encourages innovative exploration in greenfields and under-explored areas of Western Australia, while the EAP promotes the re-analysis of existing data to better understand the State’s petroleum and geothermal systems.  Round 25 and Series 3 close at 4pm on Friday March 4, 2022. For more information, visit https://dmp.wa.gov.au/Geological-Survey/Exploration-Incentive-Scheme-1428.aspx

Mines and Petroleum Minister Bill Johnston said the State Government recognised that ongoing exploration success is essential for the sustainability of Western Australia’s resources sector.

CREDIT: Mining News