Applications for Round 26 of the Exploration Incentive Scheme’s (EIS) co-funded drilling program and Series 4 of the Energy Analysis Program (EAP) are now open.
The co-funded drilling program encourages innovative exploration in greenfields and under-explored areas of Western Australia, while the EAP promotes the re-analysis of existing data to better understand the state’s energy systems.
A recent success includes Tempest Minerals’ targeted drill program which intersected visible copper and semi-massive sulphides. The multiple mineralisation zones are directly comparable to the nearby Golden Grove mine – one of WA’s most successful high-grade copper, zinc and precious metals mining operations.
Mines and Petroleum Minister Bill Johnston said with mineral exploration being the core of the resources sector, the WA Government will continue to help companies mitigate the costs and risks associated with exploration drilling. WA accounts for 65 per cent of the nation’s mineral exploration expenditure.
“Since 2017, we have provided nearly $80 million in funding for innovative programs and strategies designed to attract exploration investment.
“Mineral exploration expenditure in Western Australia reached a record $2.4 billion in 2021, an increase of 34 per cent on 2020.”
The WA Government increased the capped values for EIS drilling refunds in February 2022. Explorers can now receive a refund of up to $180,000 for a multi-hole project, $220,000 for one or two deep holes, and $40,000 for prospectors.
The co-funded EAP offers refunds of up to $50,000 per application.
Applications for Round 26 and Series 4 close on 26 August 2022.
