05/05/2017 - 14:36

Johnston touts exploration numbers

05/05/2017 - 14:36

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Resources companies look set to get out their drill bits this year, with the number of exploration applications made to the state government up nearly 50 per cent in the March quarter compared to the same period in 2016.

Program of work applications must be approved before drilling gets under way.

Resources companies look set to get out their drill bits this year, with the number of exploration applications made to the state government up nearly 50 per cent in the March quarter compared to the same period in 2016.

Around 640 program-of-work applications were submitted to the Department of Mines and Petroleum, compared with 416 applications in March 2016, while about 1,000 other approval applications were lodged by miners.

Energy applications totalled about 180.

In its latest approvals performance report, the department said that 97 per cent of those applications had been dealt with within target timeframes, which range from 30 to 120 business days.

Mines and Petroleum Minister Bill Johnston talked up the higher number of applications.

"Increased exploration is a positive sign of private sector confidence,’’ Mr Johnston said.

"It is an important priority for the McGowan Labor government to encourage continual investment in exploration.

"Resource exploration in Western Australia supports thousands of jobs and is fundamental in the discovery of the state's next resource projects.”

 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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