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Hon Dan van Holst Pellekaan MP, Minister for Energy and Mining.

24 June 2020

The State Liberal Government has announced the first round of successful applicants for its $10 million Accelerated Discovery Initiative (ADI) which will assist in driving jobs and investment in South Australia’s resources industry during these difficult times.

The 14 successful applicants for the ADI were announced yesterday during Copper to the World Online - the first major international copper conference since the onset of the pandemic.

Minister for Energy and Mining Dan van Holst Pellekaan said the government selected the successful applicants for ADI funding from a competitive range of candidates, with many pushing the boundaries of conventional exploration.

“The resources sector underpins South Australia’s economy and the ADI is designed to deliver a pipeline of investment into the future,” said Minister van Holst Pellekaan.

“Several of the funded proposals from the $2.9 million first round are directed at targets in frontier exploration districts where successful outcomes have the potential to open up new search spaces.

“The South Australian Government is keen to push the boundaries of traditional exploration and may just bring us a step closer to uncovering the next Olympic Dam or Carrapateena-class deposit.

“Our state has developed one of the world’s most sustainable and technologically-advanced mining sectors.

“The Accelerated Discovery Initiative seeks to build on that foundation by encouraging proposals that contemplate both existing and emerging technologies and exploration techniques.

“South Australia’s international leadership in exploration innovation has ensured stable production, and the integration of new methodologies in mineral exploration will position the state to capture ongoing future success.

Minister van Holst Pellekaan said the focus of this year’s Copper to the World conference is growing exports and jobs while developing opportunities for existing and emergent supply chain companies.

“Copper to the World showcases South Australia’s global attractiveness and vibrant copper sector, and will positively influence investment decisions, attract excellence in innovation, and cement our reputation as one of the best global investment destinations for copper,” he said.

“Our vision through the ADI and this conference is to enhance the reputation of what is already one of the world’s most sustainable and technologically-advanced mining regions for investors.”

Round 1 funded projects

Proponent company Project name Co-funding activity supported
DGO Gold Limited Testing the Zambian Copper Belt model on the Stuart Shelf Exploration Drilling, Geophysical Programs, Research Collaboration
Havilah Resources Limited Jupiter MT Anomaly Definition Study Geophysical Program, Research Collaboration
Boss Resources Utilising 3D passive seismic and slalom high-definition seismic reflection Geophysical Program, Exploration Drilling, Aboriginal Employment
Argonaut Resources Murdie IOCG Project Exploration Drilling, Geophysical Program, Logistical Support, Aboriginal Employment
Petratherm Ltd Eastern Mabel Creek Ridge (Deeps) Exploration Drilling
FQM Exploration Geochemical mapping of a copper mineral system Proof of Concept, Logistical Support, Aboriginal Employment
FMG Resources Roopena Fault Zone infill ground gravity Geophysical Program
Minotaur Exploration Ltd Using innovation to enter a new frontier - Taking new IOCG model to the Peake and Denison Inliers Exploration Drilling, Geophysical Program
Havilah Resources Limited Investigation of REE mineralisation in the Benagerie Dome Exploration Drilling
Fleet Space Technologies Large arrays of wireless sensors for remote mapping of heat flow Geophysical Program, Research Collaboration, Proof of Concept
Marmota Ltd Expressions of mineralisation in surface plant biochemistry on the NW Gawler Craton Proof of Concept, Exploration Drilling, Aboriginal Employment
Ausmex Mining Group Ltd Intrusive related mineral systems, Delamerian Orogeny, Burra SA Geophysical Program, Exploration Drilling
Andromeda Metals Ltd Andromeda Metals Halloysite Quantification Project Research Collaboration
Freeport-McMoRan Exploration Australia South Gawler Ranges infill geophysics Geophysical Programs