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NINE companies have won geophysics and drilling collaborations grants worth more than $1 million from the Northern Territory government for 13 projects aiming to discover just what lies beneath some of the NT’s most underexplored regions.
NT Minister for Primary Industry and Resources Paul Kirby said the Resourcing the Territory initiative was the biggest investment by any Territory government into programs to attract and support resources exploration in the Territory, which would stimulate the economy and create jobs.
The NT government's Geophysics and Drilling Collaborations program offers applicants funding of 50% - up to $125,000 - of the total costs of diamond drilling and up to $100,000 for reverse
