44 General And Prospecting Drilling Projects Announced By Minister

44 General And Prospecting Drilling Projects Announced By Minister

Western Australia Minister for Mines and Petroleum Bill Johnston

McGowan Government Continues To Support Exploration And Mining

Victor P Taffa

  • 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 today announced the 44 successful projects that will benefit from the State Government’s highly competitive Exploration Incentive Scheme (EIS) Co-funded Drilling Program.

“McGowan Government continues to support this important part of Western Australia’s economy and encourages investment and exploration activity in the resources sector.” Minister for Mines and Petroleum Bill Johnston said.

“I’m encouraged by the diversity of minerals that have been successful in this EIS round, which demonstrates the strength of Western Australia’s resources sector.”

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

“EIS supports jobs in our State and it gives an extra incentive for resources companies to drill in under explored areas and find new projects that are vital to our economy.” Minister Johnston said.

“I look forward to seeing what exciting discoveries eventuate from the co-funded Round 16 projects.”

From the South-West to the Perth Basin, and the Kimberley and Amadeus basin, the successful Round 16 project applicants include:

  • Base metals,
  • Copper,
  • Gold,
  • Lithium,
  • Nickel,
  • Petroleum,
  • Potash.

Drilling will take place throughout 2018, and will be refunded up to 50 % 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.