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New Frontiers Exploration Program
The NSW Government will allocate $1.5 million in round 5 of the New Frontiers Exploration Program. The program provides co-funding of 50 per cent of total drilling program costs and/or exploration geophysics costs.
The program is part of an NSW Government initiative to drive mining investment in NSW. It is intended to support the long-term sustainability of the NSW resources sector by encouraging mineral exploration and discovery.
Key Requirements
- completed application form
What is eligible for funding?
Funding is only claimable for all direct costs of drilling and/or geophysical survey costs as charged by the contractor and described in the relevant invoices. The work must be directly related to the target described in the application.
What companies are eligible for funding?
To be eligible you must:
- Have an Australian Business Number (ABN)
- Be registered for GST
And be one of the following entities:
- A company, incorporated in Australia
- An incorporated trustee applying on behalf of a trust.
Is this grant competitive or entitlement based?
Entitlement. Applications are assessed against eligibility criteria.
How can I increase my chances of winning this grant?
By engaging an accredited government grants consultant, such as Avant Group.
As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.
Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project
How can I get help with my application? Or know if I’m likely to win funding?
Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.