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.
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, visit http://www.dmp.wa.gov.au/Geological-Survey/EIS-Government-co-funded-1433.aspx