Incentive to explore
NSW has some of the best minerals deposits in the world, and the more we know about them the better we can understand the opportunities they might provide.
Over recent years there has been a decline in investment in mineral exploration in NSW, however a new federal government incentive announced in June should change this. The Exploration Development Incentive will support junior exploration companies to conduct ‘greenfields’ mineral exploration by assisting junior explorers in raising capital from private sector investors through a refundable tax offset.
This new incentive aims to increase exploration activity, leading to new minerals discoveries that will become the job-generating mining projects of the future.