Ann: New high-grade gold zone confirmed - Redback EIS drilling, page-53

https://www.australianmining.com.au/news/wa-govt-continues-mineral-exploration-investment/

WA Govt continues mineral exploration investment

February 8, 2022
Michael Philipps
The Western Australian Government has continued its investment in mineral exploration by adding considerable funding to the Exploration Incentive Scheme (EIS).
Applications open today for Round 25 of the EIS’ highly popular co-funded drilling program and Series 3 of the Energy Analysis Program (EAP).
Explorers can receive a refund of up to 50 per cent for innovative drilling projects, with updated capped values of $180,000 for a multi-hole project (previously $150,000), $220,000 for one or two deep holes (previously $200,000) and $40,000 for prospectors (previously $30,000).
The co-funded EAP offers up to a 50 per cent refund for up to $50,000 per application.
The co-funded drilling program encourages innovative exploration in greenfields and under-explored areas of Western Australia, while the EAP promotes the re-analysis of existing data to better understand the State’s petroleum and geothermal systems.
Mines and Petroleum Minister Bill Johnston said the State Government recognised that ongoing exploration success is essential for the sustainability of Western Australia’s resources sector.
“The increased funding caps will help resources companies further mitigate the costs and risks associated with exploration drilling,” he said.
“WA competes with several other jurisdictions to attract exploration investment so we will continue to support programs that provide the State with competitive advantages in this area.
“Most recently, Maximus Resources successfully completed drill holes demonstrating a strong potential for high-grade gold mineralisation and Karora Resources encountered significant nickel intersections – thanks to the EIS.”