New incentives for the North-West

The Queensland Exploration Council (QEC) is pleased to see a new pool of funds to encourage companies to explore in the North West Minerals Province.

The Queensland Government’s $3.6 million Collaborative Exploration Incentive (CEI) would attract new investment to under-explored and more challenging areas of north-west Queensland, while testing innovative approaches to existing methods.

QEC Chairman Brad John said the incentive is more good news off the back of the government’s announcement last month of the Strategic Blueprint for Queensland’s North West Minerals Province.

“The government is to be congratulated for building on their previous, highly successful Collaborative Drilling Initiative and broadening its scope with the CEI, to include non-drilling activities such as geophysics, geochemistry and other surveys”, Mr John said.

“This funding is just the motivation our exploration companies need right now, to get going ahead of the new cycle.

“Not only will it encourage exploration in these promising parts of our state, it will attract further investment, create jobs and benefit the wider Queensland economy.”

The QEC encourages its member companies and those in the wider exploration community to take full advantage of the state government’s latest incentive to discovering new mineral deposits in north-west Queensland.

Applications for CEI Round 1 close on 29 September 2017.

For further information and to apply, click here.