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PACE Copper is a two year, $20 million initiative launched in direct response to the pressures affecting the local exploration industry in South Australia. The subdued commodity prices and a lack of exploration investment capital have placed the resources sector under tremendous pressure to reduce operational costs and shed jobs in order to maintain a sustainable basis for their business.
This counter-cyclical investment is a critical step in alleviating these economic pressures and maintaining South Australia's exploration momentum - the engine room for future mineral discovery.
The South Australian government is now assessing the submitted proposals for PACE Discovery Drilling 2016 with an announcement due in July 2016.
PACE Discovery Drilling 2016 has expanded the claimable expenses to include those incurred as part of the Aboriginal heritage clearance survey process and from any assays taken from the core or from down hole analytical work. Accurate records and invoices must be provided to claim against the funding.
Expenditure associated with the clearance of drilling collars is now a claimable expense. More specifically, this includes anthropological surveys and reports, meetings and costs associated with surveys with native title groups/traditional owners, and any pre and post drill site work.
Support for this component of the proposal is capped at $20,000.
|29 March 2016||Call for PACE Discovery Drilling 2016 project proposals|
|29 April 2016||Closing date for project proposals|
|July 2016||Announcement of successful proposals|
|2 June 2017||Reporting date: latest date for final reports|
|30 June 2017||Funding agreement end date|
More information is available from the PACE General Manager
For more information, contact:
General Manager - PACE
Department of State Development
Level 4, 101 Grenfell Street
Adelaide SA 5000
Phone: +61 8 8463 3159