QLD explorers receive $1.3m funding

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.