Western Australia Launches New Incentive Program for Mineral and Petroleum Exploration
The Exploration Incentive Scheme (EIS), a government initiative managed by the Geological Survey of Western Australia (GSWA) under the Department of Mines, Petroleum and Exploration, aims to promote and accelerate mineral exploration in underexplored regions of Western Australia.
Launched in April 2009, the EIS provides co-funding for drilling, geophysics, and energy analysis programs, reducing financial risk for companies and supporting the discovery of new mineral deposits critical to the state’s resource sector and the transition to net-zero emissions by 2050.
In the most recent round, Round 30, announced in October 2021, 50 successful applicants received assistance. Notable recipients included Constellation Resources, exploring its Fraser Range copper-nickel project, and Mineral Resources, for the West Pioneer Dome asset.
Details about companies supported in Round 31, which opened in February 2025 and successful applicants were revealed in April, were not explicitly provided in the search results. However, Round 32 applications opened in August 2025, with $8.9 million allocated to support projects under this scheme, indicating ongoing strong government backing.
An average of 50 companies and their projects are set to be supported by the program in Round 32, as in previous rounds. Companies like Kula Gold, Torque Metals, RareX, and Wildcat Resources are among the recipients for their respective projects.
The deadline for submissions for Round 32 is August 29. The Geological Survey of Western Australia plays a central role in supporting exploration across the state, making the EIS a strategic government tool to maintain Western Australia's leadership in mining and energy transition sectors.
No securities disclosure is mentioned for the companies in this article. The Cook Government has officially welcomed applications for Round 32 of the Exploration Incentive Scheme (EIS). Tabba Tabba's pre-feasibility study confirms potential for a long-life lithium mine in Pilbara, further highlighting the significance of the EIS in supporting the mining industry in Western Australia.
Gold investing could become an attractive proposition for investors as more critical metals like lithium are discovered through the Exploration Incentive Scheme (EIS) in Western Australia. Despite the lack of explicit support for securities disclosure, sports enthusiasts might find an unexpected connection in firms like Kula Gold participating in the scheme, possibly symbolizing a transition from traditional sports sponsorships to resource exploration investments.
