QLD ex­plor­ers re­ceive $1.3m fund­ing

The Australian Mining Review - - NEWS -

THE QLD State Gov­ern­ment has an­nounced the re­cip­i­ents of its first round of Col­lab­o­ra­tive Ex­plo­ration Ini­tia­tive (CEI) fund­ing.

Nine com­pa­nies will share $1.13 mil­lion in fund­ing to put to­wards a to­tal of 12 cop­per, base me­tals, and gold projects in the State’s North West min­er­als prov­ince.

The re­cip­i­ents in­cluded Sec­tor Projects, Foot­print Re­sources, Chi­nova Re­sources, Aeon Wal­ford Creek, Mino­taur Ex­plo­ration, Red Metal, Top­drill, Capricorn Cop­per and Fin­dex.

QLD Nat­u­ral Re­sources and Mines min­is­ter Anthony Lyn­ham said the CEI was “an ex­cel­lent ex­am­ple of how a small in­vest­ment reaps big re­wards for QLD”, al­low­ing com­pa­nies to kick-start projects that may have never got off the ground due to the costs and risks in­volved in ex­plor­ing re­mote re­gions of QLD.

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