The Australian government is providing a A$125 million (US$86.4 million) boost to help stimulate resource exploration in the country.
Australian Resources Minister Keith Pitt confirmed Tuesday the federal government was investing A$125 million into Geoscience Australia’s Exploring for the Future (EFTF) programme.
This is in addition to the A$100 million the government has already spent on the programme to help drive investment in the resources sector.
The EFTF programme uses a number of geoscientific techniques to map geological structures at “unprecedented” scale and detail to create a better understanding of Australia’s mineral, energy and groundwater systems, with the data made freely available.
