The $26 million initiative is providing pre-competitive geoscience, investment attraction and exploration stimulus programs designed to increase exploration activity and success rates, and open up new areas of the Territory for exploration.
It follows the successful $23.8 million Creating Opportunities for Resource Exploration (CORE) initiative (2014-2018).
Resourcing the Territory is the largest initiative ever undertaken to support resources exploration in the Northern Territory. It aims to make the Territory a preferred destination for exploration investment and supports local businesses and communities that rely on the exploration and mining sector.
The initiative is being undertaken by the Northern Territory Geological Survey (NTGS). It includes a focus on partnerships and collaborations with industry, researchers and other Government geoscience agencies to support industry innovation and deliver integrated and contemporary geoscience data and interpretations that are designed to open up new areas for exploration and underpin private sector exploration success.
Key themes of Resourcing the Territory are:
NTGS undertakes geoscience targeted towards a better understanding of the Territory’s geological framework and prospectivity. Our client-focussed team also manages and delivers pre-competitive geoscientific data, industry reports, and actively promotes the exploration potential of the Territory.