INSEAD is one of Asia's most prestigious business schools.
Thanks to the scholarship Liddicoat will attend INSEAD's Leading for Results program in November.
The other scholarship went to WorleyParsons projects and engineering manager Gillian Cagney.
CEW scholarships committee chair Colleen Harris said the CEW scholarships were aimed at improving the representation of women in senior leadership roles by supporting talented women to fast-track their careers.
"Kirsty and Gillian are already recognised as emerging leaders in their respective fields," she said.
"The INSEAD program - designed to help experienced managers develop crucial skills for leading people in a global environment - will help them take their leadership skills to the next level."
Liddicoat has been working in the mining industry for the past 14 years.
Her career to date has included mine and project management, mine planning, engineering, geoscience and exploration in coal, gold, iron ore, bauxite and copper-gold.
In 2012 she received the Women in Leadership Australia Scholarship, designed to develop high potential female leaders and in 2013 she was recognised in the inaugural 100 Global most Inspirational Women in Mining published by Women in Mining UK.
Liddicoat said she had been inspired to apply for the CEW scholarship after seeing an opportunity to develop her own leadership skills.
"I could see that the course was designed to help create a compelling vision, provide feedback and coaching, and help give us the skills to manage periods of change, conflict or crisis," she said.
"These skills will serve me well in the modern workplace as we navigate technology and market changes, shifting demographics in our workforce and the specific challenges the mining industry faces.
"I am especially interested in helping my team navigate this environment and setting us up for continued and sustainable success."