Six Projects Share Exploration Drilling Grant Initiative (EDGI) Funding in Rnd 9
Six successful projects will share in $440,000 in grants from the ninth round 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.
So far approximately $1.67 million in EDGI grants have been paid toward completed projects from Rounds 1 to 7. Round 8 is still active and if all Round 8 and 9 projects are completed, the total EDGI investment will be approximately $2.6 million.
Successful Round 9 projects are listed below and their locations are shown on the attached map.
Commencing with Round 8, the Government contribution to successful projects increased from $50,000 to $70,000 plus an additional $20,000 if helicopter support is required.
| Map ID | Applicant | Project Name | Target Commodity |
|---|---|---|---|
| 1 | ABx Group Ltd | Bryans Road | Rare Earth Elements |
| 2 | Bluestone Mines Tasmania Joint Venture Pty Ltd | DC | Tin, Nickel, Copper, Zinc, Gold, Silver, Rare Earth Elements |
| 3 | Bluestone Mines Tasmania Joint Venture Pty Ltd | Tunnel Hill | Tin, Copper, Lead, Zinc, Gold, Silver, Nickel, Cobalt, Indium, Rare Earth Elements |
| 4 | Moina Gold Pty Ltd | Leech Hill | Copper, Lead, Zinc, Silver, Gold |
| 5 | Rockwell Minerals (Tas) Pty Ltd | Foleys Zone | Tungsten, Tin, Fluorine, Copper |
| 6 | Tarcoola Iron Pty Ltd | North Scamander Stockwork | Copper, Tin |
A tenth round of EDGI project proposal applications are expected to be called in early 2024.
