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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.

Successful submissions

ProposalProjectCompanyProvinceCommodity
DPY8-01Nuckulla hillDoray Minerals LtdGawler CratonGold
DPY8-02VulcanTasman Resources LtdGawler CratonIOCG
DPY8-03Wheal BartonTerramin Exploration Pty LtdAdelaide Fold BeltCopper, Gold
DPY8-04WoodmurraBHT Minerals Pty LtdGawler CratonSilver, Lead, Zinc
DPY8-05Punt HillMonax Mining LtdGawler CratonIOCG
DPY8-06Blue SkyWhite Tiger Resources LtdGawler CratonIOCG
DPY8-07Intercept HillWhite Tiger Resources LtdGawler CratonIOCG
DPY8-08TomahawkPeninsula Resources LtdYorke PeninsulaIOCG
DPY8-09Margaret DamMonax Alliance Pty LtdGawler CratonDiamonds
DPY8-10Martins WellAlloy Resources LtdAdelaide Fold BeltCopper, Gold, Silver
DPY8-11LambinaSandrib Pty LtdGawler CratonIOCG
DPY8-12CorunnaMusgrave Minerals LtdGawler CratonSilver, Lead, Zinc
DPY8-13MimiliMusgrave Minerals LtdMusgrave RangesNickel; Copper, Silver, Base metals
DPY8-14MingaryMinotaur Exploration LtdCurnamona ProvinceSilver, Lead, Zinc
DPY8-15Mt CarolinePepinNini Minerals LimitedMusgrave RangesNickel, Copper
DPY8-19BlackbushUraniumSA LtdEyre PeninsulaUranium
DPY8-20ChallengerTrafford Resources LimitedGawler CratonGold
DPY8-21YerelinaCore Exploration LtdAdelaide Fold BeltSilver, Lead, Zinc
DPY8-23Western GawlerWestern Areas LtdGawler CratonNickel
DPY8-24Kookaburra GullyLincoln Minerals LtdGawler CratonGraphite
DPY8-25Zealous ProjectTrafford Resources LimitedGawler CratonTin
DPY8-26CootanoorinaWesternX Pty LtdGawler CratonIOCG
DPY8-28Extension TankRenascor Resources LtdGawler CratonIOCG
DPY8-30Nundroo-BookabieIluka Resources LimitedEucla BasinHeavy mineral sands
DPY8-31Paris-NankivelInvestigator Resources LimitedGawler CratonCopper, Gold, Silver
DPY8-33Oolgelima HillGolden Cross Operations PLGawler CratonIOCG
DPY8-34CyclopsMinQuest LtdGawler CratonIOCG

 

 Map of South Australia showing location of successful drilling proposals