Drilling grants boost mining exploration

TARGETED drilling projects throughout the state have been given a boost by Bligh Government grants worth $2 million.

Mines and Energy Minister Stephen Robertson, says the grants will help fund 20 collaborative drilling projects, supporting the mining sector during the downturn.

“New exploration will provide a boost to the mining industry in Queensland, today’s exploration leads to tomorrow’s mines and jobs,” says Robertson.

Robertson says the drilling projects demonstrate innovative exploration ideas or are located in under-explored areas of the state.

“Fifteen of the projects are based in north and northwest Queensland, two in central Queensland and the remainder in western and southeastern parts of the state,” he says.

“Collaborative drilling Initiative grants bring government and industry together to accelerate testing of geological targets by drilling in under-explored parts of Queensland. The grants program provides up to $150,000 per project to assist in the testing of potentially mineralised targets by drilling.”

This is the third round of collaborative drilling initiative grants to be announced in Queensland. In the first two rounds, 48 projects from 38 companies received more than $4.34 million to assist in exploration vital to the discovery of new mineral deposits which can create new mines in Queensland.

The grants are part of the Queensland Government’s $29.08 million Smart Mining - Future Prosperity program.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How communications technology can raise the bar on customer service, employee experience
Partner Content
From capturing feedback early to providing messages with a higher rate of cut-through, ...
Advertisement

Related Stories

G'day space: Australia is "go" for launch

G'day space: Australia is "go" for launch

Just after midnight on Monday 27 June, above the vast wilderness of...

Gold Coast’s Stacked Farm to take vertical growing project national with $56m raise

Gold Coast’s Stacked Farm to take vertical growing project national with $56m raise

Stacked Farm is looking to expand its automated vertical farming mo...

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

QLD to launch Star Entertainment review in July as former judge appointed to probe casino operator

Casino operations that account for more than half of The Star Enter...

Origin slapped with $17m fine for failing to protect vulnerable customers

Origin slapped with $17m fine for failing to protect vulnerable customers

Australian energy giant Origin Energy (ASX: ORG) has today been ord...