
More Money for WA Exploration
The WA Government will increase the Exploration Incentive Scheme from $10m to $12.5m. Starting in 2021-22, the increase in EIS funding is aimed at further incentivising investment in WA’s mining industry. As part of the WA Recovery Plan, the EIS received a one-off funding of $5m in 2020-21, which temporarily increased the EIS budget from $10m to $15m. For the past two EIS rounds, the Department of Mines, Industry Regulation and Safety has received a significantly higher number of applications. Previous EIS success stories include the discovery of the Nova nickel mine, the Tropicana gold mine, Gruyere gold mine and most recently the Bellevue Gold project. A recent independent study, covering the first 10 years of the EIS, reiterated the…