The Western Australian Government recently disclosed that it has begun applications for the 28th round of its Exploration Incentive Scheme (EIS) co-funded drilling program, alongside the sixth series of the Energy Analysis Program (EAP).
Introduced by the government in April 2009, the EIS is a strategic endeavour aimed at stimulating mineral exploration activities to ensure the prolonged vitality of Western Australia's robust resources sector.
With a budgetary boost for 2023-24, the co-funded drilling program has seen an increase in its yearly allocation by A$1 million, taking the total funding pool to A$7 million distributed across its biannual application cycles.
Cornerstone of WA's landscape
Complementing the EIS initiative, the EAP stands as a separate arm designed explicitly for enterprises operating within the petroleum and geothermal domains.
Its primary goal is to facilitate and financially support the analysis of current state reserves to enhance comprehension of both petroleum and geothermal systems.
Minister for Mines and Petroleum Bill Johnston underscored the significance of mineral exploration for Western Australia.
He remarked: “Mineral exploration stands as a cornerstone of Western Australia’s economic landscape and it remains our commitment to provide unwavering support to enterprises, ensuring they receive the necessary backing."
"Witnessing the triumphs of EIS beneficiaries as they unearth crucial minerals, vital for our national and global decarbonisation drives, has been particularly gratifying.”