Seven resources companies have received a share of more than $600,000 to aid exploration projects in north-west Queensland under the State Government’s Collaborative Drilling scheme.
Natural Resources and Mines Minister Dr Anthony Lynham said the recipients – a mix of junior and internationally renowned companies – would start work this month, with positive flow-on effects for local business and communities.
“Boosting investment in exploration is a way of maintaining the pipeline of metals production from the North West Mineral Province to eventually replace older mines,” he said.
“North West Mineral Province Taskforce has identified this as a priority.”
The funds come from the long-running collaborative drilling initiative, which has supported almost $27 million worth of exploration in remote areas of the state, including the north-west.
The seven companies to receive grants are Ripple Resources, Teck Australia, Yappar Resources, Footprint Resources, Sector Projects, Red Metal and Mt Dockerell Mining.
The Queensland Exploration Council (QEC) has welcomed the news.
“In previous years this initiative has been a staggering technical success for exploration, specifically the discovery of significant mineral occurrences in Queensland,” QEC chairman Geoff Dickie said.
“Explorers will be able to start drilling for lead, copper, gold, and zinc mines in the coming weeks.
“The focus on the North West is an important recognition of the region’s extraordinary mineral potential.”