The Western Australian Government has launched applications for round 16 of its exploration drilling program, a month after announcing it would continue funding the Exploration Incentive Scheme (EIS).
Now in its 10th year, the $10 million a year EIS consists of several programs designed to encourage resource exploration in WA. Most of these programs are focused on underexplored greenfield regions.
The round 16 applications for co-funding drilling projects are for work conducted in the 2018 calendar year.
“Successful Round 16 applicants 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,” Department of Mines, Industry Regulation and Safety (DMIRS) acting EIS coordinator, Charlotte Hall, said.
The program has already resulted in a range of major discoveries including the Nova find east of Norseman, the Camelwood nickel deposit and the Yeneena copper deposit.