PACE funds for explorers

Grants totalling $2 million will go to 27 resource exploration projects around the state in the Plan for Accelerating Exploration Discovery Drilling 2015 program.

Mineral Resources and Energy Minister Tom Koutsantonis announced the grants yesterday, saying they would co-fund drilling projects to stimulate the next crop of greenfield discoveries.

There were 35 applications showing a broad range of distribution and target commodities.

The current round is scheduled to close in May 2016, with drilling data, assays and reporting released shortly afterwards.

Among the recipients are Iluka Resources for its Nundroo-Bookabie project and White Tiger Resources for work in the Gawler Craton.