Collaborative grants: applications now open
Applications for collaborative grants for exploration drilling and geophysics in the Northern Territory (NT) are now open.
The Geophysics and Drilling Collaborations program is part of the $26 million Resourcing the Territory initiative - the biggest investment by any Territory Government into programs to attract and support resources exploration in the Territory. For more information, go to the Resourcing the Territory website.
Round 14 sees the funding criteria expanded to include drilling in brownfields areas (close to known mineral deposits), as recommended by the Territory Economic Reconstruction Commission.
The program provides co-funding assistance of 50% of the program cost up to $125,000 for selected greenfields diamond drilling programs and up to $100,000 for selected brownfields diamond drilling, greenfields reverse-circulation drilling and geophysical acquisition projects. All information, drillcore and data from the projects are made public within six months.
This program aims to:
- address gaps in the critical understanding of the geology of the NT
- share greenfields exploration risk with industry
- support brownfields exploration to advance project development
- encourage projects that may open up new areas for exploration and ensure the data is made available to the wider exploration community.
The Geophysics and Drilling Collaboration project funding is for programs to be undertaken during 2021, and applications will close on 3 May 2021.
Round 13 awarded up to $1 million in funding to five exploration drilling projects and seven geophysics projects from ten companies.
For guidelines, assessment criteria and to apply for round 14, go to GrantsNT.
The successful applicants will be announced in June 2021.