Exploration Drilling Grant Initiative (EDGI) Exploration Drilling Grant Initiative (EDGI)

Exploration Drilling Grant Initiative (EDGI) image of drill rigThe Tasmanian State Government, through the recently announced Exploration Drilling Grant Initiative (EDGI), is for the first time offering grants for co-funded exploration drilling projects.  The aim is to provide a stimulus to greenfields exploration for all commodities in Tasmania.  The State Government is funding this initiative with $2 million over four years and the program will be administered by Mineral Resources Tasmania (MRT).

MRT is now seeking exploration drilling proposals, to be jointly funded by the successful applicants and the state government. For the first round of funding in 2018-19 the EDGI Program will consider applications from any off-mine-lease location in the state.  It will preferentially fund high quality, technically and economically sound "greenfields" projects that promote innovative exploration or new exploration concepts and technology.  Applicants may submit more than one proposal and applications can be made for all mineral categories, as defined in the Mineral Resources Development Act 1995.

The Government contribution to each successful project will be capped at $50,000 for direct drilling costs, plus an additional $20,000 if helicopter support is required. 

To apply for grant funding, download a copy of the Guidelines for Project Proposal Submission and complete a Project Proposal Form.

Completed Project Proposal Forms, with the requested supporting information appended in the appropriate format, are due by 5:00pm on Friday, 21 September 2018 and must be submitted in both hard copy and digital format.  The Project Proposal Guidelines describe the necessary information for submitting acceptable proposals.

All proposals will be assessed by a panel comprising two MRT Staff, an independent industry representative and an academic representative.  The panel will use the assessment criteria, as detailed in the guidelines, to evaluate and rank all proposals received.

Applicants will be advised of their success or failure to obtain funding on Friday, 26 October 2018.  Successful projects will need to be completed and a Final Report, and all drill core, submitted to MRT by Friday, 25 October 2019.  Grants will be paid after review of the Final Report, any time before the funding agreement ends on Friday, 29 November 2019.  Alternatively, submission of an interim report, with copies of claimable invoices, by Tuesday, 28 May 2019, will facilitate release of half the total funding amount.

Depending on the level of up-take from the first round, a second round of project proposal applications may be called in early 2019.

Successful applicants must agree to release to Open File new information and drill core/samples from their projects after a maximum confidentiality period of six months from submission of their Final Report.

For further information please contact the Project Manager, Exploration Drilling Grant Initiative, at info@mrt.tas.gov.au.

Critical Dates:

Round 1 Applications open Friday, 6 September 2018
Round 1 Applications last date for submission Friday, 21 September 2018
Successful applicants announced Friday, 26 October 2018

 

Documents:

Exploration Drilling Grant Initiative (EDGI) Program 2018 - Guidelines for submission of applications

Exploration Drilling Grant Initiative (EDGI) Program 2018 - Project Proposal Form (application form)