Exploration Incentive Scheme
The Exploration Incentive Scheme (EIS) is a State Government initiative that aims to encourage exploration in Western Australia for the long-term sustainability of the State’s resources sector.
The $130 million initiative,initially supported by Royalties for Regions, is being funded from April 2009 to June 2017, to stimulate increased private sector resource exploration leading to new mineral and energy discoveries. New mineral and energy discoveries in these areas will increase knowledge of the State’s geology and resources, and help increase employment opportunities. Most of the activities in the EIS are focused on under-explored greenfield regions.
The EIS is managed by the Department of Mines and Petroleum (DMP), the State’s lead agency dedicated to servicing the future development of Western Australia’s resources industry.
The EIS currently supports five high-level programs:
- Exploration facilitation
- Innovative drilling promotion
- Geophysical and geochemical surveys
- 3D prospectivity mapping
- Promoting strategic research with industry
Results of completed work are available free through the various Geological Survey of Western Australia (GSWA) databases and through eBookshop.
For a list of publications and project results see Product and service outputs from the EIS to January 2015.
The transparency of the online mineral and petroleum tenement application processes has been significantly improved through funding from the EIS.
Co-funded grants for innovative drilling are available through this program, as well as details for companies applying for these grants.
Program 3 - Providing new data through airborne geophysics, seismic, gravity and geochemical surveys.
Program 4 - Developing a system that allows all geoscience databases to be accessed seamlessly online.
Program 5 - Supporting the rapid transfer of new geoscience concepts, skills and technologies into the minerals exploration industry.