Grant fund for min­ing ex­plo­ration

Sunday Territorian - - NEWS -

MIN­ING ex­plo­ration pro­grams can now re­ceive up to $125,000 in grants from the North­ern Ter­ri­tory Govern­ment.

Ap­pli­ca­tions for the first grants pro­gram — Geo­physics and Drilling Col­lab­o­ra­tions — are now open.

Pri­mary In­dus­try and Re­sources Min­is­ter Ken Vowles said the pro­gram would pro­vide col­lab­o­ra­tive fund­ing for the costs of drilling in ar­eas of the Ter­ri­tory where there was a lack of ge­o­log­i­cal in­for­ma­tion.

“The Geo­physics and Drilling Col­lab­o­ra­tions pro­gram will help fill the gaps in our knowl­edge about the re­sources po­ten­tial of cer­tain ar­eas,” Mr Vowles said.

The pro­gram pro­vides co­fund­ing of up to 50 per cent, to a max­i­mum of $125,000 for di­a­mond drilling pro­grams and $100,000 for non-di­a­mond drilling pro­grams and geo­phys­i­cal sur­veys.

Fund­ing is for pro­grams in 2018. Ap­pli­ca­tions close May 24.

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