Minister for Resources The Honourable Scott Stewart
The 2023-24 State budget will inject more than $50 million to boost the resources and natural resource sectors. A new $21 million grant program will drive exploration for gas reserves in the Bowen and Galilee Basins. Drought affected producers with primary production leases will also be supported with rent rebates. An injection of more than $50 million from the State Budget will boost exploration initiatives in Queensland’s resources sector while also helping make the state’s landscapes more resilient.
The $21 million Frontier Gas Exploration grants program is a new initiative that will help drive exploration for new gas reserves in the Bowen and Galilee Basins over the next two years. RED
BLU Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
