Exploration Drilling Grant Initiative (EDGI) - Round 5
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 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).
Forty one grants have been awarded for the first four rounds of EDGI, since October 2018. MRT is now seeking proposals from applicants for a fifth round of projects, to be to be jointly funded by the successful applicants and the State Government. The projects will be undertaken during 2021-22 and completed by mid-2022.
A significant change for the fifth round of funding is that the EDGI Program will now consider applications relating to mining leases, in addition to those on exploration and retention licences. EDGI will continue to preferentially fund high-quality, technically and economically sound 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.
Completed Project Proposal Forms, with the requested supporting information appended in the appropriate format, are due by 5:00pm on Friday, 9th April 2021 and must be submitted in 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 in the week starting on the 3rd May 2021. Successful projects will need to be completed and a Final Report, and all drill core / samples, submitted to MRT by Friday, 29th April 2022. Grants will be paid after review of the Final Report, any time before the funding agreement ends on Friday, 3rd June 2022. Alternatively, submission of an Interim Report, with copies of claimable invoices, by Friday, 14th January 2022, will facilitate release of half the total funding amount.
Depending on the level of up-take from the fifth round, a sixth round of project proposal applications may be called in late 2021.
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 email@example.com.