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.aspxThe 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.
