New projects benefit from exploration grants

ALMOST $2 million is up for grabs as part of the QLD Government and industry’s Collaborative Exploration Initiative, which aims to encourage explorers to uncover minerals in the State’s remote, resource-rich North West.

QLD Mines minister Dr Anthony Lynham said 15 new exploration projects, powered by 12 companies, would be bolstered by the latest round of collaborative exploration grants.

“Queensland is investing in exploration,” Dr Lynham said.

Proponents would receive up to half of the direct activity costs of their projects to a maximum of $200,000 and will get an additional incentive of 75 per cent, or up to $300,000, if they can finalise projects by August 2019.