South Australian Government investing in mineral exploration, data and innovative technology
- $10 million commitment over 2019-2022 to stimulate greenfields exploration through co-funding support
- Accelerating uptake of innovative technologies
- Facilitating employment and upskilling of Aboriginal employees or businesses
- Encouraging research synergies to uncover mineral resource wealth
- Open to all mineral commodities, however alignment with the Government's commodity-based strategies will be considered (copper, magnetite, proposed battery and emerging minerals, e.g. cobalt, graphite)
Since the June announcement, the Department for Energy and Mining (DEM) has focused on developing the necessary infrastructure to ensure the ADI's successful delivery.
DEM is working with KPMG to develop a comprehensive framework to support the ADI's governance, which is also undergoing an independent peer review.
More detail will be announced next month.
Mineral exploration activities may include:
- Exploration drilling - single deep holes and or multiple hole programs in frontier terrains or testing new concepts in other areas
- Geophysical programs that focus on the application of innovative technology and concepts
- Proof-of-concept proposals that are not restricted to a technical discipline to encourage innovation in the sector
- Logistical support associated with testing exploration targets in remote greenfields/new frontier regions
- Identification and testing to Environment Protection Authority (EPA) prescribed guidelines of new groundwater resources
- Collaborative technology and/or machine learning projects that will benefit exploration
Outcomes of the ADI will include:
- Major contribution to achieving the South Australia Growth Agenda target through the discovery of new mineral resources
- Build South Australia’s international market profile through the attraction of new investors to the State’s mineral resources sector willing to develop and test innovative exploration concepts and technology
- Build South Australia’s reputation as a place to successfully undertake innovative research and development by facilitating collaborative opportunities with universities, cooperative research centres (CRCs), Geological Survey of South Australia (GSSA) and other industries, including the Mining, Equipment, Technology and Services (METS) sector
- Improve broader market conditions for capital raising and accelerate third party exploration programs on co-located exploration licences
- Discovery of new groundwater resources that will aid the development of regional communities, agricultural industries and new resource projects