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    Coat of ArmsMedia Release
    Minister for Natural Resources, Mines and Energy
    The Honourable Dr Anthony Lynham

    Exploration grants say ‘Head North'

    Minister for Natural Resources, Mines and Energy
    The Honourable Dr Anthony Lynham

    Wednesday, December 05, 2018

    Exploration grants say ‘Head North'

    Almost $2 million is up for grabs as industry and government join forces to encourage explorers to uncover minerals in Queensland’s remote, resource-rich North West. 

    Mines Minister Dr Anthony Lynham told the Queensland Exploration Council that 15 new exploration projects, powered by 12 companies, would be bolstered by the latest round of collaborative exploration grants.

    As well, the government is opening tenders to explore 672 square kilometres of new land in the Bowen and Eromanga Basins.

    Mines Minister Dr Anthony Lynham told the Queensland Exploration Council today that  said the state’s investment and commitment to exploration as ensuring Queensland continued on its strong economic and jobs trajectory.

    “As it gets harder and harder for explorers to find ‘the next big thing’,Queensland is investing in exploration,” Dr Lynham said.

    “This is a downpayment on future jobs and businmess opportunities from Queensland’s $63 billion-dollar resources sector.”

    Government and industry jointly fund the Collaborative Explortaion Initiative, which backs private investment in under-explored parts of north-west Queensland by co-funding particularly innovative projects.

    Over the past 11 years, this program and its forebears have proven success in identifying new mineral deposits.

    The proponents of the latest funded projects will receive up to half of the direct activity costs of their projects to a maximum of $200,000.

    They will get an additional incentive of 75 per cent, or up to $300,000, if they can hit the ground running and finalise their projects by August 2019.

    Dr Lynham said Aeon Metals was a success story from an earlier round last year.

    “Their project helped to increase the extent of Australia’s largest cobalt resource - a critical mineral for battery technology which will power the next wave of renewable energy,” he said.

    Tenders for the new coal exploration areas open tomorrow (EDS: Thursday, 6 December) and bidders will need to include a cash offer in their bid.

    Preferred tenderers must meet environmental, native title, and other approval requirements before the five-year exploration rights are granted.

    Dr Lynham said land access and compensation agreements would also need to be sorted with landholders before exploration could kick off.

     

    Company

    Project

    Commodity

     

    Red Metal Limited

     

    Gibsons Tank Drilling

    Iron-oxide copper-gold

    Three Ways Drilling

    Zinc-lead-silver

    Copper Mountain Mining Pty Ltd

    Mary Kathleen Domain Gold Analysis

    Gold

    Red Fox Resources Pty Ltd

    Ernest Henry South Geophysics

    Copper-gold

    Teck Australia Ltd

    Marimo Drilling

    Zinc

    Altius Australia Pty Ltd

     

    Min Min Geophysics

    Silver-lead-zinc

    Brumby Drilling

    Lead-zinc-silver

    MRG Metals Ltd

    Pulchera Biogeochemistry

    Cobalt-scandium-nickel-ree (rare earth elements)

    Hammer Metals Limited

    Mt Philp Breccia Geophysics

    Copper-gold

    Minotaur Operations Pty Ltd

    Highlands Geophysics

    Copper-gold

     

    Capricorn Copper Pty Ltd

     

    Esperanza Fault Drilling

    Copper

    Capricorn Copper Mine Mineral Systems

    Copper

    Century Mining Ltd

    Millenium Drilling

    Zinc-lead-silver

    Newcrest Operations Ltd

    Nardoo Drilling

    Iron-oxide copper-gold

    Mawson Canada Pty Ltd

    Isa South East Geophysics

     

    [ENDS]

    Media inquiries: Jan Martin 0439 341 314