ECM Faculty Focus
The State Government has launched an $80million Royalties for Regions initiative to boost mineral and petroleum exploration in Western Australia and aid in the discovery of valuable new deposits.
The Exploration Incentive Scheme (EIS) aims to encourage exploration throughout the State's greenfield and frontier areas during the next five years.
The Minister said the EIS would comprise six different programs, including improving the online exploration application process; promoting strategic research with industry; and undertaking a series of surveys to gather more information on WA's geology.
"A co-funded drilling program between Government and industry will also occur and provide support for innovative drilling by companies and research groups in greenfield areas," he said.
"The drilling program will preferentially fund projects that promote new exploration concepts and technologies."
Mr Moore said the EIS was also aimed at providing an integrated online system for customised geoscience maps and reports and building sustainable working relationships with indigenous communities.
For more information contact:
Office of the Minister for Mines and Petroleum - 9422 3000
Office of the Minister for Regional Development - 9213 7000
To read the media statement article, visit the website.