Up to $300,000 is available from CEI to conduct exploratory drilling and non-drilling activities in under-explored parts of north-west Queensland.
Collaborative Exploration Initiative (CEI)
The Collaborative Exploration Initiative (CEI) aims to encourage your business to invest in drilling exploration projects in under-explored areas in north-west Queensland.
To increase exploration investment in Queensland, the Collaborative Exploration Initiative (CEI) (also termed ‘the Initiative’) provides funding assistance to test high risk or innovative exploration concepts aiming to develop a new understanding of the geology and prospectivity, and expand exploration into under-explored areas.
Funding of $3.6 million has been allocated to the Initiative and is open to existing mineral, petroleum, gas, coal and geothermal explorers working in north-west Queensland. Under the Initiative, drilling and non-drilling activities are funded jointly by industry and government. These activities will increase the knowledge and perception of the prospectivity of north-west Queensland, accelerate discoveries and potentially lead to the definition of a new generation of mineral and energy resources.
This Initiative is designed to directly support companies in the development of high quality, innovative
exploration targets into potential economic deposits.
$1.2 million of first round grant funding is available. Eligible applicants can apply for a grant to meet half their direct activity costs, to a maximum of $200,000 for an approved project.
There is an extra incentive of up to $100,000 to fund up to 75% of the direct activity costs for projects which meet an earlier completion date.
To be eligible:
- your project must target a granted Queensland minerals, coal, petroleum or geothermal exploration tenure (granted mining tenure may be considered)
- your project must be completed by 21 December 2018
- you must be able to meet half of the project costs.
A project proposal must be prepared and submitted in accordance with Section 6.0 to be considered for CEI funding. Proposals can only apply to GRANTED Queensland minerals, coal, petroleum or geothermal exploration tenure. Granted mining tenure will also be considered.
Applications must be located in north-west Queensland under a defined area stipulated by the Queensland Government.
You can apply if your business or organisation would like to invest in exploring an under-explored part of north-west Queensland.
Applications close 31 August 2018.