TWENTY exploration companies will share in grants worth about $2 million for joint industry-government drilling projects throughout Queensland.
Minister for Mines and Energy (DME) Geoff Wilson said the grants were offered under the first round of the Government’s Collaborative Drilling Initiative.
The Collaborative Drilling Initiative is part of Smart Mining — Future Prosperity, a four-year, $29 million program to increase mineral exploration in Queensland.
“About 48 applications proposals were received,” Wilson said.
“The main minerals being targeted are gold, copper, lead, zinc and tin, however, grants were also awarded for coal, geothermal energy, mineral sands and opal exploration,” he said.
Applications were initially assessed by technical officers within the DME and the process was reviewed by an independent panel, according to the DME.
Applications for proposals for the second round of the initiative will close on 7 March 2008, with up to $4 million available.
Department of Mines and Energy