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More funding available for Qld explorers

1st November 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com)- The Queensland government is offering up to A$2.5-million in grants to fund new mineral discovery in round six of the Collaborative Exploration Initiative (CEI).

“Exploration leads to more projects and jobs in the future which is important as part of our economic recovery plan from Covid-19,” Resources Minister Scott Stewart said.

“Right now we are in the midst of an exploration boom right here in Queensland. Explorers can apply for grants of up to A$200 000 to help make new discoveries and build economic growth across the state.

“This funding will allow resources companies to test innovative and creative ideas which may lead to our next big mineral discovery.”

Stewart said priority would be given to new economy minerals projects, with a strong focus on the North West and North East minerals provinces.

“Our CEI program is unique in that it does not require recipients to match funding. This encourages Queensland explorers to look towards the next frontier of exploration finds, such as the North West Minerals Province, with far less financial risk involved.

“Also, after speaking with industry, we have changed the dates to make it easier for explorers to have the best success at their chosen projects during the dry season.”

As part of the program, recipients receive a six-month data confidentiality period for companies to make the most of the data they have acquired. After the confidentiality period, the data and reports are made freely available to the whole of industry, so they can be used to help future explorers.

Edited by Creamer Media Reporter

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