WA govt funds more drilling
PERTH (miningweekly.com) – The Western Australian government has allocated a further A$4.75-million under round 14 of the Exploration Incentive Scheme’s (EIS's) co-funded drilling programme.
Mines and Petroleum Minister Sean L’Estrange said that 42 projects would share in the funding.
The EIS drilling programme, which is in its ninth year, provides explorers with added incentive to drill in underexplored regions.
The programme refunds up to 50% of direct drilling costs with caps of A$150 000 for a multi-hole project, A$200 000 for a single deep hole and A$30 000 for a prospector's project.
Refunds are made after completion of drilling and the submission of reports which are released publicly on the Department of Mines and Petroleum’s databases, after a six-month confidentiality period.
"Encouraging exploration is the key to the continuity of Western Australia's vital resources industry, which will underpin the State's economy for decades to come," L'Estrange said.
"This very successful programme has already resulted in a number of major discoveries. Among the success stories is the Nova [nickel] discovery east of Northam, supported by EIS geophysics data and cofunding in 2011/12, with production having commenced in November this year."
The Minister said the information submitted added to the geological knowledge of the state, and helped reduce risks for subsequent explorers.
An economic-impact study released early in 2015 showed that every A$1-million spent by the EIS generates A$10.3-million of exploration activity and a longer term benefit to the state, in terms of higher gross state product, of A$23.7-million.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
