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 $80 million initiative, funded by Royalties for Regions over five years, will stimulate increased private sector resource exploration and ultimately lead to new mineral and energy discoveries. Most of the activities in the EIS are focused in under-explored greenfield regions.
New mineral and energy discoveries in these areas will also significantly increase knowledge of the State’s geology and resources, and help increase employment opportunities.
The EIS will be 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. DMP has worked alongside the Department of Local Government and Regional Development in developing and approving the initiative’s six programs.
The EIS is made up of the following six programs.
Program 1 ($1.5 million) - Improving online mineral and petroleum tenement application processes.
Co-funded grants for innovative drilling are available through this program, as well as details for companies applying for these grants.
Program 3 ($32.5 million) - Providing new data through airborne geophysics, seismic, gravity and geochemical surveys.
Program 4 ($13.8 million) - Developing a system that allows all geoscience databases to be accessed seamlessly online.
Program 5 ($2.3 million) - Supporting the rapid transfer of new geoscience concepts, skills and technologies into the minerals exploration industry.
Program 6 ($3 million) - Providing initiatives designed to assist indigenous and environmental approvals for exploration production.