Energy Club NT - NT Government: supercharges exploration with $3 million in project co-funding

Home
News
NT Government: supercharges exploration with $3 million in project co-funding

NT Government: supercharges exploration with $3 million in project co-funding

25 Feb 2025 11:41 AM | Stephanie Berlin (Administrator)

The Finocchiaro CLP Government is committed to rebuilding the economy through the Territory’s world-class resources sector, by today announcing the opening of its highly competitive Geophysics and Drilling Collaborations (GDC) grant program.

Round 18 of the program will provide up to $3 million to co-fund projects that address geoscientific knowledge gaps, advance exploration activity, and support the discovery and development of resources across the Territory.

Minister for Mining and Energy Gerard Maley said: “The NT Government is backing our resources sector because we know this is what will underpin our economy, creating opportunities for businesses and for local jobs across the Territory.”

“This investment in our exploration sector is instrumental for our economy, and with the potential for Territory’s critical minerals set to increase, a minimum of $2 million of this funding will be directed into projects targeting critical minerals,” said Mr Maley.

The GDC program awards co-funding of up to 50 percent of the cost of drilling (both greenfields and brownfields), regional scale geophysical surveys, innovative exploration targeting and advancing critical minerals projects.

This year includes an increase in the capped amount of co-funding for regional-scale geophysics from $100,000 to $150,000.

Recent co-funded drilling projects have contributed to the discovery of new critical minerals resources at the Leliyn project near Pine Creek (graphite), and in the Barkly (rare earths, vanadium, gallium).

To further support local business, a Territory Supplier Incentive has been introduced that offers additional funding to engage NT enterprises, which must be spent on local service and supply directly supporting the co-funded program.

Applicants must meet eligibility requirements and for further information about the application process, project specific eligibility, the funding sequence, and application guidelines go to https://resourcingtheterritory.nt.gov.au/.

Applications for Round 18 of this program, supporting projects in 2025–26, open on 25 February and must be submitted by Monday, 28 April 2025, via https://grantsnt.nt.gov.au/

Add comment

Energy Club NT is an Incorporated Association

The information contained in this website is for general information purposes only. The information is provided by Energy Club NT Inc and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites and files which may not be owned, authored or under the control of Energy Club NT Inc. We have no control over the nature, content and availability of other websites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.