The NT Government has provided grants to mining companies to help drilling activities.
The latest round of Geophysics and Drilling Collaborations grants has been published.
The program is part of the government's four year, $26 million Resourcing the Territory initiative, which was announced in the 2018 Budget.
It includes geoscience and industry stimulus programs to maximise resources exploration in the Territory.
The program provides co-funding for drilling and geophysical programs in areas of the NT where there is a lack of geological information.
These projects are targeting a wide range of commodities including gold, copper, uranium, lithium, zinc and nickel.
The Geophysics and Drilling Collaborations program was enhanced and expanded in 2018 with the inclusion of a Territory supplier incentive, providing up to $10,000 per project in additional funding to support service and supply by Territory-based companies.
The successful applicants of the latest round of grants are:
- Inca Minerals Ltd,
- Icopper Pty Ltd,
- Ismins Pty Ltd,
- Strategic Energy Resources Ltd,
- IGO Ltd,
- Gempart (NT) Pty Ltd,
- Core Lithium Ltd,
- Prodigy Gold NL,
- King River Resources Ltd
- Viva Resources Pty Ltd.
The minerals industry directly employs more than 4400 people.
The Territory set a record for the value of mineral production in in the last financial year with a total of $4.92 billion.
Primary Industry and Resources Minister Paul Kirby said: "These drilling programs are critical to developing greater understanding of the Territory's geology, and ultimately developing information that facilitates new mining projects into the future.
"The success of the program is clear, with the previous financial year realising a total of $131.9 million in exploration expenditure - the highest since the end of the last mining boom in 2012."
While you're with us, you can now receive updates straight to your inbox each Friday at 6am from the Katherine Times. To make sure you're up to date with all the news, sign up here.