Program 2 - Innovative Drilling
Government Co-funded Exploration Drilling
Applications for Round 7, 2013-2014 grants are now closed
Applications for grants for exploration drilling to be undertaken in the 2013-14 financial year were open between 22 February 2013 and 5pm WST, 22 March 2013.
Co-funding Categories
Co-funding in all categories of applications will remain at up to 50% of direct drilling costs and will be capped at:
- $150,000 for general multi-hole applications,
- $200,000 for a single deep hole application
- $30,000 for a Prospector application.
- $400,000 will be available for a single deep hole for Unconventional Energy exploration drilling.
Co-funding will be available for exploration drilling only. Resource definition drilling and appraisal, stimulation or development drilling will not be eligible for co-funding.
The grant process is competitive with marks (detailed in the application forms) being assigned to your responses to the criteria. Applications will be ranked according to the total marks gained and grants offered until exhaustion of available funding.
Funding
The grants are paid to successful applicants in two tranches: Once the drilling project is completed, explorers are eligible for a refund of 80% of the grant on submission of the interim report, with the final 20% refund available on submission of the final report.
Full details of the funding process are detailed in the Guidelines for Co-funded Drilling 2013-14.
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Prospectors may apply using either the Prospector or General application form for funding with the associated conditions in the respective category.
It is important that applicants are familiar with the restrictions that apply to the grants.
All applicants may apply for General and single deep hole grants, funding for which is governed by the cost and type of program.
Prospector and Unconventional Energy grants have restricted availability. Applicants should ensure that they are eligible to apply for these grant otherwise the application will be considered invalid.
Multiple applications from the same applicant will be handicapped and only one application can be made per tenement/combined reporting group, or geothermal or petroleum title.
Applicants should read “Advice for Applicants” including “Completing an Online application” as well as Guidelines for Co-funded Drilling 2013-14 before preparing their application.
Timeframe for Co-funding Grants
