News release - Minister Tom Koutsantonis
Mineral Resources and Energy Minister Tom Koutsantonis has announced that 27 resource exploration projects will share $2 million in grants as part of the Plan for Accelerating Exploration (PACE) Discovery Drilling 2015.
Mr Koutsantonis made the announcement during his keynote address at this morning’s opening of the South Australian Resources and Energy Conference at the Adelaide Convention Centre.
The PACE initiative will co-fund selected drilling projects from exploration companies to stimulate the next crop of greenfield discoveries and help share in the financial and technical risk of exploration.
“The current suite of proposed drilling programs represents a significant push into frontier areas of the State over the next year and clearly demonstrates the range of active projects and companies exploring in South Australia,” Mr Koutsantonis said.
“These 27 proposals were selected from a pool of 35 high-quality applications and show a broad distribution throughout South Australia and target a range of commodities.
“The value of government investment is multiplied when considering the industry contribution, so $2 million in co-funding grants will draw an estimated additional investment of $4.9 million from these explorers.
“PACE is one of the ways the State Government has worked in partnership with industry to invest in long term exploration success. It has also helped establish South Australia’s international credentials as a favoured destination for mineral resource investment.
“The drilling collaboration programs provided through PACE have played a significant role in delivering new discoveries and maintaining exploration momentum in South Australia. Industry support is clearly evident as seen in the 2014 Evaluation of the Government’s PACE Initiative.
“As we have seen through previous rounds, these drilling collaborations produce a wealth of new, open-file data and exploration information from all areas of the State and have delivered a number of significant new mineral discoveries.
“While the complementary PACE Mineral Systems Drilling program is strongly focused on unraveling the complexity of the Gawler Craton, the PACE Discovery Drilling 2015 supports new exploration projects all over South Australia.”
This current round is planned to close in May 2016 with all the drilling data, assays and reporting released shortly after.
|DPY8-01||Nuckulla hill||Doray Minerals Ltd||Gawler Craton||Gold|
|DPY8-02||Vulcan||Tasman Resources Ltd||Gawler Craton||IOCG|
|DPY8-03||Wheal Barton||Terramin Exploration Pty Ltd||Adelaide Fold Belt||Copper, Gold|
|DPY8-04||Woodmurra||BHT Minerals Pty Ltd||Gawler Craton||Silver, Lead, Zinc|
|DPY8-05||Punt Hill||Monax Mining Ltd||Gawler Craton||IOCG|
|DPY8-06||Blue Sky||White Tiger Resources Ltd||Gawler Craton||IOCG|
|DPY8-07||Intercept Hill||White Tiger Resources Ltd||Gawler Craton||IOCG|
|DPY8-08||Tomahawk||Peninsula Resources Ltd||Yorke Peninsula||IOCG|
|DPY8-09||Margaret Dam||Monax Alliance Pty Ltd||Gawler Craton||Diamonds|
|DPY8-10||Martins Well||Alloy Resources Ltd||Adelaide Fold Belt||Copper, Gold, Silver|
|DPY8-11||Lambina||Sandrib Pty Ltd||Gawler Craton||IOCG|
|DPY8-12||Corunna||Musgrave Minerals Ltd||Gawler Craton||Silver, Lead, Zinc|
|DPY8-13||Mimili||Musgrave Minerals Ltd||Musgrave Ranges||Nickel; Copper, Silver, Base metals|
|DPY8-14||Mingary||Minotaur Exploration Ltd||Curnamona Province||Silver, Lead, Zinc|
|DPY8-15||Mt Caroline||PepinNini Minerals Limited||Musgrave Ranges||Nickel, Copper|
|DPY8-19||Blackbush||UraniumSA Ltd||Eyre Peninsula||Uranium|
|DPY8-20||Challenger||Trafford Resources Limited||Gawler Craton||Gold|
|DPY8-21||Yerelina||Core Exploration Ltd||Adelaide Fold Belt||Silver, Lead, Zinc|
|DPY8-23||Western Gawler||Western Areas Ltd||Gawler Craton||Nickel|
|DPY8-24||Kookaburra Gully||Lincoln Minerals Ltd||Gawler Craton||Graphite|
|DPY8-25||Zealous Project||Trafford Resources Limited||Gawler Craton||Tin|
|DPY8-26||Cootanoorina||WesternX Pty Ltd||Gawler Craton||IOCG|
|DPY8-28||Extension Tank||Renascor Resources Ltd||Gawler Craton||IOCG|
|DPY8-30||Nundroo-Bookabie||Iluka Resources Limited||Eucla Basin||Heavy mineral sands|
|DPY8-31||Paris-Nankivel||Investigator Resources Limited||Gawler Craton||Copper, Gold, Silver|
|DPY8-33||Oolgelima Hill||Golden Cross Operations PL||Gawler Craton||IOCG|
|DPY8-34||Cyclops||MinQuest Ltd||Gawler Craton||IOCG|