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PACE Drilling Collaboration with Industry

PACE Discovery Drilling embodies a partnership with industry to undertake drilling in areas with economic mineral potential, but currently hampered by cover rocks or other factors that discourage investment. 

 

PACE Discovery Drilling 2012

Successful proposals

Timelines and important dates

Dates may be subject to change

2 December 2011 Call for PACE Discovery Drilling 2012 project proposals
31 January 2012
Closing date for project proposals
May 2012
Announcement of successful proposals(SAREIC 2012 conference)
30 August 2013
Project completion date: latest date for acceptance of final reports

 

Mineral proposals

Project proposal guidelines (.pdf)

Project proposal summary form (.doc)

The Department for Manufacturing, Innovation, Trade, Resources and Energy seeks proposals from industry to undertake cooperative exploration drilling projects jointly funded by industry and the government’s PACE 2020 initiative.

The PACE Discovery Drilling 2012 will preferentially fund high quality, technically and economically sound projects that promote greenfield type exploration targets. Grants are also available for petroleum and geothermal exploration projects.

The proposals will undergo rigorous assessment both internally within DMITRE by a panel of Geological Survey officers and externally by highly experienced and independent assessors.

Successful proposals are viewed as the highest quality exploration targets based on sound technical, scientific and commercial criteria.

Project funding, management and reporting

For successful proposals PACE Discovery Drilling 2010 will provide grant monies for 50% of direct drilling costs up to a maximum possible allocation of $100 000 exclusive of GST. After successful projects are officially announced proponent companies have approximately one year to complete their programs and submit reports and drilling samples.

The reports and samples become open file very soon after completion to further aid industry participants. The project proponents and/or operational nominees undertake management of the projects.

More information about the assessment criteria, report submission and conditions of acceptance are available in the Project Proposal Guidelines.

For more information contact:

Miles Davies
PACE Manager and Drilling Coordinator
Mineral Resources Division
Department for Manufacturing, Innovation, Trade, Resources and Energy
Level 4, 101 Grenfell Street
Adelaide SA 5000

Phone: +61 8 8463 3159
Email: Miles.Davies@sa.gov.au