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Leading Practice Mining Acts Review | Central Eyre Iron Project mining lease approved

News release: Hon Tom Koutsantonis MP, Saturday 13 August 2016.

Around $3.5 million in grants have been awarded to 26 mineral exploration projects, predominantly in frontier areas in South Australia’s north, across a wide range of commodities.

The Plan for Accelerating Exploration (PACE) Discovery Drilling program provides direct funding for exploration projects within South Australia with results and data available to all explorers after the close of the program in mid-2017.

Through the program explorers can now access grants of up to $250,000 – up from $100,000 offered in previous rounds. It’s estimated that the grants will trigger a further $5.8 million on exploration expenditure across the State.

Background

The PACE Discovery Drilling program is a key pillar of the State Government’s $20 million PACE Copper initiative, announced in November 2015.

PACE collaborative drilling funding was instrumental in the discovery of the Carrapateena copper-gold deposit north of Port Augusta, a $770 million project OZ Minerals is currently fast-tracking.

Carrapateena has the potential to make a large contribution toward the government’s Copper Strategy, which aims to increase copper production to 1 million tonnes per year within the next two decades and create up to 400 jobs in regional South Australia.

Quotes attributable to Mineral Resources and Energy Minister Tom Koutsantonis

This program offers the resources sector crucial funds at a time when there is limited global capital available for exploration programs.

The high calibre and variety of these projects clearly demonstrates the success of the PACE initiative in continuing to generate world-wide interest in South Australia’s prospectivity.

With such a wide spread of projects across the State, this program will create job opportunities for regional communities and enable proponents to engage the services of local suppliers.

I congratulate these 26 very deserving grant recipients and look forward to seeing what is uncovered through their prospecting.

This is a sector that has enormous potential to contribute more to our economy and by partnering with these explorers we can unlock future investment, discoveries and jobs for this State.

PACE Discovery Drilling 2016 - successful proposals

Proposal Proponent company Project name RegionCommodity
DPY9-05 Macallum Group Ltd Mount Sarah Gawler Craton Iron Oxide, Copper-Gold (IOCG)
DPY9-10 Red Metal Limited Callabonna Curnamona Province IOCG
DPY9-11 Gawler Resources Pty Ltd Thurlga Gawler Craton Silver, Gold
DPY9-12 Teale & Associates Pty Ltd Prospect Hill Adelaide Geosyncline Tin, Copper
DPY9-14 White Tiger Resources Limited Arcoona Gawler Craton IOCG
DPY9-16 GBE Exploration Pty Ltd Mt Denison Gawler Craton IOCG
DPY9-17 Iluka (Eucla Basin) Pty Ltd Fowler Magmatic Sulphides Gawler Craton Nickel, Copper
DPY9-18 BHT Minerals Pty Ltd Woodmurra Gawler Craton IOCG
DPY9-19 NiCul Minerals Limited Central Plains Musgrave Ranges Nickel, Copper
DPY9-20 Sherlock Minerals Pty Ltd Keilira South East SA Copper, Zinc
DPY9-21 Peninsula Resources Limited Eyre Biogeochemical Anomaly Gawler Craton Gold
DPY9-23 Westernx Pty Ltd Cootanoorina Gawler Craton IOCG
DPY9-24 Investigator Resources Limited Nankivel Gawler Craton Copper, Gold
DPY9-25 Doray Minerals Ltd Western Gawler Gawler Craton Gold
DPY9-27 Endeavour Copper Gold Pty Ltd Lake Labyrinth Gawler Craton Gold
DPY9-28 Mingoola Gold Pty Ltd Kallioota Gawler Craton IOCG
DPY9-30 Samphire Uranium Pty Ltd Blue Well Dam Gawler Craton Iron sulfite, Copper- Gold (ISCG)
DPY9-31 Perilya Freehold Mining Pty Ltd Red Range Adelaide Geosyncline Zinc
DPY9-35 Trafford Resources Mawson Copper Gawler Craton Copper, Gold
DPY9-41 Minotaur Exploration Ltd Groundwater Brines Gawler Craton Potassium, Lithium, Boron
DPY9-42 Minotaur Exploration Ltd Mt Woods Gawler Craton ISCG
DPY9-43 SeeSaw Resources Pty Ltd Brownlow Adelaide Geosyncline Copper, Gold
DPY9-44 Havilah Resources Limited Benagerie Dome Curnamona Province Gold
DPY9-45 Terramin Exploration Pty Ltd Brind Adelaide Geosyncline Gold
DPY9-46 Core Exploration Ltd Yerelina Adelaide Geosyncline Copper, Gold, Lead, Zinc
DPY9-47 SeeSaw Resources Pty Ltd Bower Adelaide Geosyncline Copper, Gold

PACE Discovery Drilling 2016 successful proposals