PACE 2016 funds for explorers
“Around $3.5 million in grants have been awarded to 26 mineral exploration projects, predominantly in frontier areas in South Australia’s north, across a wide range of commodities.
The Plan for Accelerating Exploration (PACE) Discovery Drilling program provides direct funding for exploration projects within South Australia with results and data available to all explorers after the close of the program in mid-2017.
Through the program explorers can now access grants of up to $250,000 – up from $100,000 offered in previous rounds. It’s estimated that the grants will trigger a further $5.8 million on exploration expenditure across the State……
I congratulate these 26 very deserving grant recipients and look forward to seeing what is uncovered through their prospecting.
This is a sector that has enormous potential to contribute more to our economy and by partnering with these explorers we can unlock future investment, discoveries and jobs for this State.”
White Tiger Resources Ltd subsidiary, Red Tiger Resources Ltd, as holder of Exploration Licence EL5372 known as the Intercept Hill project, is the beneficiary of grant from PACE 2016. Previously, White Tiger Resources Intercept Hill Project was successful in winning and applying PACE 2015 funding.