https://www.miningweekly.com

NT govt launches collaborative funding for exploration

7th May 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The Northern Territory has opened up applications for its first grants programme under its A$26-million Resourcing the Territory initiative.

Minister for Primary Industry and Resources Ken Vowles said the Geophysics and Drilling Collaborations programme will provide collaborative funding for the costs of drilling in areas of the Territory where there is a lack of geological information.

“The resources sector is a major driver of our economy and employs more than 4 000 people. The Territory government is supporting the development of the industry through this initiative.

“The Geophysics and Drilling Collaborations programme will help fill the gaps in our knowledge about the resources potential of certain areas, which could open them up for development and create jobs.”

The programme provides co-funding of up to 50%, to a maximum of A$125 000, for diamond drilling programmes and A$100 000 for non-diamond drilling programmes and geophysical surveys.

“Diamond drilling is more valuable as it produces a solid core of rock that provides the most geological information,” Vowles said.

“The cores are kept by the Northern Territory government for further analysis and to add to our knowledge bank.”

The Geophysics and Collaborations programme has been running for 11 years, but this year it has been enhanced to encourage more exploration and create more Territory jobs.

“Total funding has increased from A$750 000 to A$1-million, and non-diamond drilling programmes are eligible for co-funding for the first time. The programme has also been re-designed to maximise local industry participation by making service and supply by Northern Territory-based companies eligible for co-funding.

“These changes were made based on feedback from explorers as part of an independent review into the Territory’s exploration initiatives,” Vowles said.

The funding is for programmes undertaken in 2018 and applications close on May 24.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION