The Western Australian Government continues to encourage mineral exploration, with applications opening for additional rounds of funding and the announcement of two new geophysics initiatives. 

Applications for Round 29 of the Exploration Incentive Scheme’s (EIS) co-funded drilling program and Series 7 of the Energy Analysis Program (EAP) opened on 5 February 2024.

The inaugural Co-funded Geophysics Program (CGP) provides $2 million to generate new geophysical information to support greenfields exploration with a focus on critical minerals.

A further initiative involves the EAP providing an additional $500,000 for a new geophysics acquisition category to seek a better understanding of energy and geothermal systems.

The two new geophysics initiatives follow a State Budget funding increase for 2023-24.

Recent EIS success stories include Gateway Mining intersecting a significant new zone of gold mineralisation at its Montague project in the Murchison.

Kalgoorlie Nickel also reported success at its Highway deposit with the company confirming nickel sulphide prospectivity and lithium-caesium-rubidium bearing intrusives.

Round 29 of the co-funded drilling program will likely see ongoing interest in the search for critical minerals with 58 per cent of the projects awarded in Round 28 hunting for these important minerals.

Applications for Round 29, Series 7 and Venture 1 (geophysics) close at 4pm on Friday 1 March 2024. 

Western Australian Mines and Petroleum Minister, David Michael, said the State Government’s ongoing support of mineral exploration underpins its efforts to position Western Australia as a global supplier of future battery minerals and materials.

“Resources exploration remains a leading driver of Western Australia’s economic success, so it is pleasing to see the Exploration Incentive Scheme deliver so many outstanding results.

“I look forward to learning more about the research and technology behind the new geophysics programs and how these tools will help uncover the next big mineral discovery.”

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