EIS program supports exploration in WA

WA minister steps down

Applications for the 26th round of the Exploration Incentive Scheme’s (EIS) co-funded drilling program and series four of the Energy Analysis Program (EAP) opened in early August 2022.

The co-funded drilling program encourages the innovative exploration in the greenfields and under-explored areas of WA. Meanwhile the EAP promotes the re-analysis of existing data in order to better understand the state’s energy systems.

Recent notable successes include Strike Energy’s gas discovery at its South Erregulla 1 well in February 2022. The drilling program having extended the known gas field in the North Perth basin.

Furthermore, the McGowan Government increased the capped values for EIS drilling refunds in February 2022 and explorers are now able to receive a refund of up to $180,000 for a multi-hole project, $220,000 for one or two deep holes, and $40,000 for prospectors.

Likewise, the co-funded EAP offers refunds of up to $50,000 per application.

Mines and Petroleum Minister, Bill Johnston, said of the EIS and EAP; “Mineral exploration is the core of our resources sector, and the McGowan Government will continue to help companies mitigate the costs and risks associated with exploration drilling.”

“Since 2017, we have provided nearly $80 million in funding for innovative programs and strategies designed to attract exploration investment.

“With WA accounting for 65 per cent of the nation’s mineral exploration expenditure, I’m sure the strength of our mining sector will be showcased at the Diggers and Dealers Mining Forum.”

Applications for Round 26 and Series 4 close at 4pm on Friday, 26 August 2022. For more information, click here.

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