Calling all explorers…

EXPLORERS keen to uncover Queensland’s untapped resources are being urged to apply for an exploration grant to keep the mining industry alive in the state.
Calling all explorers… Calling all explorers… Calling all explorers… Calling all explorers… Calling all explorers…

Geoff Wilson

Vivienne Ryan

The Queensland government is offering explorers the chance to share in $A2 million if they undertake higher risk exploration projects in under-explored areas of the state.

This is the third time the grants have been offered under the government’s Collaborative Drilling Initiative.

The initiative is part of a four-year, $29 million program called Smart Mining, which looks to increase exploration in Queensland.

“The program is designed to encourage companies to work in frontier areas that would be considered high-risk under normal circumstances,” Queensland Mines and Energy Minister Geoff Wilson said.

“We know exploration can be costly and we want to give these explorers a leg up in their search for undiscovered resources.”

In the first two rounds of the program 37 exploration companies received $4.3 million in grants to carry out 47 drilling projects.

Twenty-one of these projects are either underway or completed.

Exploration companies can access grants to recover up to half their actual costs, with a limit per proposal of $150,000.

Applicants are required to have granted tenure to be eligible for a grant.

Applications close Friday December 5, 2008.

For more information on how to apply for grants visit www.dme.qld.gov.au or email minerals@dme.qld.gov.au

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