Co-funded Exploration Drilling Program

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What is the Co-funded Exploration Drilling Program?

The Co-funded Exploration Drilling Program is a flagship program of the Exploration Incentive Scheme (EIS) that provides explorers with co-funding to undertake exploratory drilling.
 
 

Background

The Co-funded Government – Industry Drilling Program part of the Exploration Incentive Scheme (EIS), is being funded by the State Government to stimulate geoscience exploration and contribute to the economic development of Greenfield regional areas of Western Australia. The main aim of the Co-funded Drilling program is to stimulate innovative exploration drilling in Greenfield and under-explored parts of regional areas in the State. The program is administered by the Department of Mines, Industry Regulation And Safety 

 

Funding

Co-funding in application categories is up to 50 per cent of direct drilling costs, these are now capped at:

  • $220,000 for one or two deep hole(s) application (was $200,000 for one deep hole)
  • $180,000 for a multihole application (was $150,000)
  • $40,000 for a prospector application (was $30,000)

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Call 1300 658 508

Co-funded Exploration Drilling Program

Eligible Projects

The Co-funded Exploration Drilling Program provides explorers with co-funding to undertake exploratory drilling.

Funding is for exploration drilling only and may not be used for:

  • resource definition drilling
  • appraisal, stimulation and development drilling
  • the development of new uranium mines.

 

Eligible Applicants

To be eligible, you must:

  • have an Australian business number (ABN)
  • be the holder of, or have access to, a tenement.

 

Timing

Applications close 3 March 2023.

 

More Information

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At Bulletpoint, we excel in helping businesses navigate the complexities of the R&D tax incentive process, ensuring they reap the benefits they deserve. As experts in our field, we’re well-versed in what works and what doesn’t when it comes to aligning businesses’ perceptions of R&D with the government’s eligibility criteria.

So, if you’re looking for accessible expertise and a proven success rate, you’ll find it with us at Bulletpoint. We’re ready to guide you through the R&D tax incentive process with a blend of professionalism and personality, ensuring your experience with us is not just successful, but enjoyable as well.

 

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