Exploration Grants Awarded
The Geophysics and Drilling Collaborations grants have been awarded as part of the $26 million Resourcing the Territory initiative.
These grants aim to increase the intensity of exploration drilling and geophysical data in greenfield areas of the Northern Territory.
More than $1 million worth of grants were delivered for this round of the program to fund 13 projects from nine companies.
The successful applicants are Primary Gold Pty Ltd, Vimy Resources Pty Ltd, DevEx Resources Limited, Newcrest Mining Limited, Prodigy Gold NL, Independence Group NL, Emmerson Resources Limited, Asian Minerals Pty Ltd and Northern Star Resources Limited.
Eight of the successful applicants will put their funding towards drilling surveys, while the other five have committed to geophysical surveys.
The five geophysical surveys are testing the use of innovative methods to target where mineral deposits may occur deep beneath sand and soil cover in underexplored parts of the Territory. These projects are targeting a wide range of commodities including gold, copper, uranium, manganese, diamonds and nickel.
The program provides collaborative funding of 50 per cent up to $125,000 per project of the total costs for drilling and geophysical programs by industry in areas of the NT where there is a relative lack of geological information.
For more information visit the Geophysics and Drilling Collaborations webpage.