Seven Projects Share Exploration Drilling Grant Initiative Funding in Round 11
Seven successful projects will share in $497,500 in grants from round 11 of Exploration Drilling Grant Initiative (EDGI) funding. EDGI is a Tasmanian Government initiative to increase the level of greenfield drilling in Tasmania. The aim is to facilitate the discovery of new projects necessary for the long-term future of Tasmania’s mining industry and to encourage exploration for minerals listed on the Australian Critical Minerals list.
Approximately $2.1 million in EDGI grants have been paid toward completed projects from Rounds 1 to 9. Round 10 is still active and if the anticipated number of Round 10 projects are completed, the total EDGI investment will be approximately $2.5 million.
Successful Round 11 projects are listed below, and their locations are shown on the attached map.
The Government contribution to successful projects is up to $70,000 plus an additional $20,000 if helicopter support is required. The company contribution to the total project cost varies, depending on the nature of the project, but is estimated on average to be at least double the grant amount.
A twelfth round of EDGI project proposal applications are expected to be called in the second half of 2025.
See below for successful round 11 applicants:
| Map ID | Applicant | Project | Target commodity |
|---|---|---|---|
| 1 | Bluestone Mines Tasmania Joint Venture Pty Ltd | Western Hills | Tin, Copper |
| 2 | EDrill Pty Ltd | Potoroo | Gold |
| 3 | Stellar Resources Ltd | Carbine Hill | Tin, Silver, Zinc, Antimony, Indium, Bismuth |
| 4 | Lode Resources Pty Ltd | Montezuma | Antimony, Lead, Silver, Gold, Tin |
| 5 | Georgina Resources Pty Ltd | Jukes North | Copper, Gold |
| 6 | Flynn Gold Ltd | Grieves Siding North | Zinc, Lead, Silver |
| 7 | Flynn Gold Ltd | Golden Entrance | Gold |
Round 11 project location map.
