EIS (Exploration Incentive Scheme) applications closed on 27th...

EIS (Exploration Incentive Scheme) applications closed on 27th August of 2021 for round 24.
One would imagine that NXM would have applied again.
http://dmp.wa.gov.au/Geological-Survey/EIS-Government-co-funded-1433.aspx

The maximumpossible allocation for any one mineral or energy project funded by the Department will be up to the value of:

· $AUD200,000 exclusive of GST for a project covering a single deep hole,

· $AUD150,000(ex GST) for a project with more than one hole, and

· $AUD30,000 (ex GST) for a “Prospector” project.

I can't remember how long the assessment process takes but i would expect an ann before the end of the year.

As part of the process, results and a report of the drilling/project are a requirement of the funding. Unlike drilling completely paid for by the company, where reports cannot be accessed until the EL is relinquished or for many years, these co-funded reports and data can be accessed via WAMEX in a relatively short timeframe.

All results, including drill sample material, are to be made Open File after a maximum confidentiality period of six months (commencing after payment of the first invoice).

The FinalReport must be received within 3 months of submission of the Interim Report.
The Report must be received nolater than 5 pm WST on 28 February 2023.

I have put a reminder in my calendar to follow up on the co-funded Wallbrook holes from this year and will report anything significant but that point could well be mute by then if NST swallow us up.