Exploration Drilling Grant Initiative (EDGI) - Round 7
The Tasmanian State Government, through the Exploration Drilling Grant Initiative (EDGI), is offering grants for co-funded exploration drilling projects. The aim is to provide a stimulus to greenfields exploration in Tasmania. The State Government is funding this initiative with $3.5 million over six years and the program is administered by Mineral Resources Tasmania (MRT).
Sixty three grants have been awarded for the first six rounds of EDGI, since October 2018. MRT is now seeking proposals from applicants for a seventh round of projects, to be jointly funded by the successful applicants and the State Government. The projects will be undertaken during 2022-23 and completed by May 2023.
Since the fifth round, EDGI has considered applications from mining leases, in addition to those on exploration and retention licences. This will remain the case for the seventh round. EDGI will continue to preferentially fund high-quality, technically and economically sound projects that promote innovative exploration or new exploration concepts and technology.
Applicants may submit more than one proposal and applications can be made for all mineral categories, as defined in the Mineral Resources Development Act 1995.
The Government contribution to each successful project will be capped at $50,000 for direct drilling costs, plus an additional $20,000 if helicopter support is required.
Applications for EDGI grant funding must now be completed and lodged online using our new web-based Project Proposal Form.
You will receive a password by email to access, complete and lodge your application. The application is stored online and you can save and return to it at any time up to the closing date. Follow the Guidelines for Submission of Applications to help you complete the online Project Proposal Form. The guidelines describe the necessary information for submitting acceptable proposals. Additional plans and sections can also be uploaded and attached to your Project Proposal Form.
Completed online Project Proposal applications, with the appended appropriate supporting information, are due by 2:00pm on Friday, 8th July 2022.
All proposals will be assessed by a panel comprising two MRT staff, an independent industry representative and an academic representative. The panel will use the assessment criteria, as detailed in the guidelines, to evaluate and rank all proposals received.
Applicants will be advised of their success or failure to obtain funding in the week starting 25th July 2022. Successful projects will need to be completed and a Final Report, and all drill core / samples, submitted to MRT by Friday, 5th May 2023. Grants will be paid after review of the Final Report, any time before the funding agreement ends on Friday, 2nd June 2023.
Depending on uptake for the seventh round, an eighth round of project proposal applications may be called in late 2023 or early 2024.
Successful applicants must agree to release to Open File new information and drill core/samples from their projects after a maximum confidentiality period of six months from submission of their Final Report.
For further information please contact the Project Manager, Exploration Drilling Grant Initiative, at firstname.lastname@example.org.
Critical Dates for EDGI Round 7:
Tuesday 7th June 2022
Applications, last date for submission
2pm, Friday, 8th July 2022
Successful applicants announced (subject to change)
The week starting 25th July 2022