The South Australian government is offering $5.17 million to 48 companies to support the discovery of new mineral deposits.
Minister for Mines and Petroleum, Bill Marmion, announced the successful applicants as part of the Exploration Drilling Program.
"We are committed to this highly successful program because Western Australia needs new discoveries to underpin future prosperity and drive resources sector job creation," Marmion said.
"Now in its seventh year, the scheme has some serious runs on the board - most notably the Nova nickel project, a tremendous discovery that is on track to become an operating mine next year."
The program has offered funding for more than 590 projects since 2009, resulting in more than 430,000 metres of drilling within the state.
Discoveries include the Oxley potash, Handpump gold, Yeneena copper and East Tropicana gold deposits.
"In the past financial year alone, we have seen a bumper crop of finds, including gold at Alloy Resources' Horse Well, antimony mineralisation at Artemis Resources' Eastern Hills, zinc at Encounter Resources' Millennium and nickel at Panoramic Resources' Savannah North,” he said.
"Gold Road Resources also received funding under the scheme to drill a deep hole to help prove up its Gruyere gold discovery in the Yamarna greenstone belt."
The State government has committed a further $10 million a year to the scheme until the end of June 2017.
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