COVID-19 recovery funding to support resources exploration

Today’s announcement of an additional $5 million in funding for the Exploration Incentive Scheme will deliver positive outcomes for explorers, jobs and WA’s regional economies.

The co-funded drilling program is a flagship program of the Exploration Incentive Scheme and continues to enable greenfields exploration in new provinces and for new minerals across WA.

CME Chief Executive Paul Everingham said the injection of $3 million of resourcing for the highly successful co-funded drilling program sent a really positive signal to the industry.

“Explorers across WA are focused on the resumption of their exploration programs to assist in the post-COVID economic recovery,” Mr Everingham said.

“The Western Australian mining industry recognises it is in a privileged position being able to continue to operate with the support of government, in comparison to our global competitor jurisdictions, which have been heavily impacted by COVID-19, including South America and Africa.

“The EIS funding boost will drive further investment in exploration and allow more companies to receive support through the co-funded drilling program.

“Ongoing, sustained investment in exploration is critical to the discovery of deposits and a pipeline of resource projects for the benefit of Western Australians.”