The Western Australian Government announced it would increase the Exploration Incentive Scheme (EIS) by $2.5 million a year from $10 million to $12.5 million.
The EIS program, which is open to applicants twice a year and offers up to a 50% refund for innovative exploration drilling projects, helped discover the Nova nickel mine, the Tropicana gold mine, Gruyere gold mine and most recently the Bellevue gold project.
WA’s Mines and Petroleum Minister Bill Johnston said starting in 2021-22, the increase in EIS funding would further incentivise investment in the state’s mining industry.
“Western Australia’s mining industry is thriving, so it’s important that we strike while the iron is hot, the Minister said.
“This additional funding to $12.5 million a year could help find the next big resource discovery, which in turn leads to new mines and new jobs for Western Australians.
“The McGowan Government will continue supporting the exploration and resources industries as the State recovers from the COVID-19 pandemic.”
Applications for Round 24 close at 4pm Friday August 27, 2021. For more information, visit: http://dmp.wa.gov.au/Geological-Survey/EIS-Government-co-funded-1433.aspx
