DMP funds new round of WA exploration

The West Australian Department of Mines and Petroleum has released the latest round of funding for drilling exploration in the State.

The West Australian Department of Mines and Petroleum has released the latest round of funding for drilling exploration in the State.

The release is part of the wider Exploration Incentive Scheme, which is providing $80 million for greater exploration in Western Australia.

The latest release of $5 million is to support drilling projects carried out between July 2012 and June 2013.

According to the executive director of the Geological Survey, Rick Rogerson, "the successful projects will promote new exploration concepts and technologies.

"The program refunds up to half of direct drilling costs. The refunds are capped at $30 000 for prospectors and $150 000 for general projects, increasing to $200 000 where the project consists of a single deep hole."

The program is now into its fifth round of funding, and has already offered more than $18 million in funding grants to more than 200 exploration drilling projects in the previous rounds.

The DMP recently released its electronic lodgement system, which allows miners to submit a selection of tenements forms online through e-lodgement.

 

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