New Frontiers Cooperative Drilling
This program is managed by the Geological Survey of NSW and is part of the NSW Mineral Strategy commitment to promote investment in NSW. The New Frontiers Cooperative Drilling program provides grants to successful applicants for exploration drilling programs that demonstrate strong prospectivity, sound financial planning and a proven technical base.
The program supports the long-term sustainability of the NSW resources sector by:
- supporting mineral exploration and discovery in NSW that will ultimately ensure a sustainable economic resource pipeline for the state
- encouraging exploration activity in greenfields areas that will test new geological ideas and models and/or exploration in regions covered by significant cover
- improving our understanding of the state's mineral resource potential, in order to fully realise the economic resource potential of the state.
From 2014 to 2021, the program has delivered four rounds of grants that funded a portion of drilling metre-rate costs for individual projects, with a maximum of $200,000 awarded per project.
Including round four, the total program value since 2014 now stands at $8.4 million.
New Frontiers Cooperative Drilling round four announced
In May 2021, the NSW Deputy Premier announced a further $2.2 million in grants for exploration projects across the state as part of the fourth round of the program.
Successful applicants of round four have now been notified. Successful explorers will be reimbursed for 50 per cent of the metre drilling costs, up to a maximum of $200,000.
Applications awarded in round four are:
- Australian Consolidated Gold Holdings, Meringo and Canoba
- Australian Gold & Copper, Achilles 3
- Cobar Minerals, McKellar
- Emmerson Resources, Kiola
- Hillgrove, Becks Point
- Kincora Copper, Fairholme, Jemalong and Nevertire
- Krakatoa, Belgravia/Sugarloaf and Rand
- Nimrod Resources, Dome project
- Oxley Resources Limited, Cowarra Gold and Warraweena
- Regis Resources, Charlies and Gulley Prospect
- Rimfire, The Valley
- Strategic Energy Resources, Achilles 1
- Sultan Resources, Razorback
- Thomson Resources, Wilgaroon
The application process
The application process for cooperative drilling grants is conducted under a set of guidelines. Applications are made on a template application form. MEG periodically calls for applications with four rounds conducted to date.
Once the application period closes the applications are assessed by a panel made up of government and independent assessors with experience in mineral exploration.
The panel considers each application against the four criteria:
- Testing new geoscience frontiers
- Advancing exploration in previously under-explored areas
- Work already undertaken to define the drill target
- The proposed work program and information to be acquired
For further information
Contact us about New Frontiers Cooperative Drilling