Investing in resources exploration in the Territory
The Territory Government is continuing to drive economic development and maximise resource exploration in the Territory with the latest round of Geophysics and Drilling Collaborations grants awarded.
A record number of applications were received in round 14, with 38 applications from 26 companies submitted.
The Territory Government have awarded $1.7 million in grant to support 18 projects from 15 companies under the Geophysics and Drilling Collaboration program.
The grants program is part of the Resourcing the Territory initiative which is designed to fund mineral exploration, drive more mining development and create more jobs across the Territory
The Territory Government will increase its annual funding to Resourcing the Territory initiative to increase exploration activity and help bring forward more resource development in the Territory, which is also a key recommendation in the Territory Economic Reconstruction Commission final report.
The projects that have been awarded funding are targeting a wide range of commodities including gold, copper, tungsten, nickel, natural gas and helium.
The successful applicants are:
- Inca Minerals Ltd
- Knox Resources Ltd
- Central Petroleum Ltd
- Barkly Operations Pty Ltd
- Strategic Energy Resources Ltd
- King River Resources Ltd
- IGO Ltd
- Newcrest Mining Ltd
- iCopper Pty Ltd
- Core Lithium Ltd
- Prodigy Gold NL
- Redbank Operations PL
- Bacchus Resources Pty Ltd
- Molyhil Mining Pty Ltd
- Vista Gold Australia Pty Ltd.