en.Wedoany.com Reported - The Northern Territory Government, through the 19th round of the Geophysics and Drilling Collaboration Program, has provided a record AUD 4.09 million in co-funding for 34 exploration projects, aiming to accelerate the discovery of minerals such as copper, gold, rare earths, uranium, and tungsten. This funding is part of the "Resourcing the Territory" initiative, supporting 26 companies in drilling, geophysical, and geochemical projects ranging from early exploration to near-development stages.
Northern Territory Minister for Mining and Energy Gerard Maley stated that this investment reflects the government's commitment to positioning the Territory as a national premier exploration destination. The resources industry is a core pillar of the Territory's economy, and by supporting the industry in discovering the next generation of mining projects, it helps ensure the Northern Territory remains Australia's most attractive destination for mineral exploration and development.
Tivan Limited Executive Chairman Grant Wilson emphasized the value of ongoing government partnership for the company's Molyhil tungsten project. Since acquiring the project, Tivan has rapidly advanced it toward development, laying the foundation for new critical mineral projects that promise long-term benefits for Central Australia and the Northern Territory. Prodigy Gold Managing Director Mark Edwards noted that the GDC program has helped accelerate work on one of the most prospective gold tenements in the Tanami region, with the allocated funding significantly enhancing understanding of local and regional geology, potentially speeding up the next major mining discovery.
Nearly 60% of the funded projects involve drilling, demonstrating strong industry confidence in the Territory's resource potential. Maley stated that the program aims to help companies choose the Northern Territory in an increasingly competitive global investment market, encouraging investment, testing new ideas, and bringing discoveries that could become future mines. Additionally, through the "Territory Supplier Incentive" program, an extra AUD 110,594 will flow to local contractors and service providers for 14 projects, covering earthworks, drilling, and laboratory analysis.
The resources industry remains the Northern Territory's largest economic sector, contributing AUD 8.4 billion annually, supporting over 3,400 direct jobs, with a total estimated capital investment of AUD 6 billion across 16 development projects.
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