EXPLORATION

Tas govt hands out drilling cash

Five recipients share in $270,000 EDGI scheme.

Tas govt hands out drilling cash

The scheme supports miners in identifying greenfield resources as well as those conducting brownfield exploration.

To date, the EDGI has supported nearly 60 drill campaigns.

"The six projects announced under Round 6 will share in more than $270,000 in funding and result in nearly 5km of exploration drilling," minister for resources Guy Barnett said.

The recipients include Yunnan Tin, Stunalara Metals, Henty Gold, and Abx Group. 

All but one of the companies will use the funds for greenfield exploration.

"By opening the program to existing sites we are providing the opportunity to recover even more valuable minerals like gold, copper, zinc, tin, or iron from already developed sites, which would have reasonably modest restart costs and lead-in time if the exploration results prove positive," Barnett said.

ABx Group will use the cash for its Deep Leads rare earths project where it has already had successful drill hits.

Yunnan Tin is similarly hunting for rare earths, lithium, and tin.

Stunalara Metals will focus on copper and gold opportunities, as will Henty.

Mining accounts for 64% of all exports from Tasmania, worth more than $2.7 billion a year, according to state government figures.

The EDGI scheme is expected to drive a 60% increase in greenfield drilling.

The grant program is estimated to generate $3.40 into the economy for every $1 dollar invested by the government.

A seventh round of EDGI project proposal applications is expected to be called in early 2022.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production