Up to $150,000 is available to help fund drilling projects in under-explored parts of Queensland.
Collaborative Drilling Initiative
The Queensland Government’s Collaborative Drilling Initiative for north-west Queensland (CDI-NWQ) is designed to stimulate investment in under-explored parts of this region, and testing innovative exploration using a broad range of exploration drilling techniques.
Background
To support exploration investment in the North West Queensland Minerals and Energy Queensland (NWQMEP), the $0.5 million CDI provides funding assistance to test high risk or innovative exploration concepts aiming to develop a new understanding of the geology and prospectivity in the NWQMEP, and expand exploration into under explored areas.
This Initiative is designed to directly support companies in the development of high quality, innovative exploration targets into potential economic deposits.
Objective
The CDI aims to encourage your business to invest in drilling exploration projects in under-explored areas in Queensland. This will increase the knowledge and perception of the prospectivity of the NWQMEP, accelerate discoveries and potentially lead to the definition of a new generation of mineral and energy resources.
Funding
Eligible applicants can apply for a grant to meet half their project drilling costs, to a maximum of $150,000.
Eligible Projects
Estimated costs can be provided for the following eligible activities:
- Drilling
- Mobilisation (capped at 5% of total grant)
- Pad preparation and rehabilitation
- Local travel – fuel costs of vehicle to transport drill team from campsite to active CDI drill site
- Downtime (capped at $5000.00)
- Downhole orientation survey
- Wireline logging
- Drill hole geochemistry
- Offsite testing (short timeline)
- Core scanning
Only itemised costs for the activity will be eligible for reimbursement under the CDI.
Eligible Applicants
CDI is open to existing mineral, petroleum, gas, coal and geothermal explorers. Under the Initiative, drilling activities are funded jointly by industry and government.
To be eligible:
- your project must be in the North Queensland Minerals and Energy Province
- you must be able to meet half of the project costs.
Timing
Applications close 27 January 2017.