The Tasmanian State Government, through the Exploration Drilling Grant Initiative (EDGI), is 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 is administered by Mineral Resources Tasmania (MRT).
Ten grants for the first round of successful EDGI projects were awarded in October 2018. MRT is now seeking proposals from applicants for a second round of projects, to be undertaken during 2019-20 and completed by May 2020.
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.