The Co-funded Exploration Drilling Program is a flagship program of the Exploration Incentive Scheme (EIS). It is a competitive program, open for applications twice a year, which offers up to a 50 per cent refund for innovative exploration drilling projects, capped at specific amounts.
Applications for R15, 2017-18 grants are now closed
Applications for grants for exploration drilling to be undertaken in 2017-18 were open between 24th February 2017 and 5pm WST, 7th April 2017.
Co-funding in all application categories is up to 50 per cent of direct drilling costs, capped at:
- $150,000 for general multi-hole applications
- $200,000 for a single deep-hole application
- $30,000 for a prospector application.
Co-funding will be available for exploration drilling only. The following will not be eligible for co-funding:
- resource definition drilling
- appraisal, stimulation and development drilling.
The grant process is competitive, with marks assigned to your responses to the criteria (detailed in the application forms). Applications are ranked according to the total marks gained and grants offered until exhaustion of available funding.
Information for applicants
The grants are paid to successful applicants in two tranches. Once the drilling project is completed, explorers are eligible for a refund of 80 per cent of the grant on submission of the interim report, with the final 20 per cent refund available on submission of the final report.
Where applicants are not the tenement holder, the tenement holder must agree to the conditions under which co-funding is offered Tenement owner agreement.
Information about the application process is contained in Advice for applicants which should be read before applying.
Full details of the funding process are detailed in the Guidelines for submission of applications 2017-18.
If successful, applicants will be expected to abide by the conditions set out in the Funding agreement document.
Handicapping of multiple applications
Second and subsequent applications from the same applicant will be handicapped. Only one application can be made per tenement/combined reporting group, or geothermal or petroleum title (even if from different applicants).
Apply for co-funding General application
Apply for co-funding Prospector application
Current Successful Applicants
Previous Co-funded Drilling Successful Applications
For more information contact: