New NT exploration grants to support 34 projects across the Territory

DMBG welcomes the Northern Territory Government’s announcement of $4.09 million in exploration grants supporting 34 projects across the Territory.

While major project announcements often attract the headlines, exploration is where future economic growth begins.

Today’s discoveries become tomorrow’s mines, processing facilities, infrastructure investments, export industries and regional employment opportunities.

The Territory is increasingly demonstrating the depth and diversity of its resource potential, from critical minerals and rare earths to copper, gold, uranium and tungsten. Programs that encourage exploration and attract investment help ensure a strong pipeline of future development opportunities.

Importantly, the inclusion of Territory Supplier Incentives also helps maximise local participation and economic benefit as projects progress.

Combined with recent milestones across the resources sector, including the advancement of major projects and ongoing investment in enabling infrastructure, this announcement reinforces the Northern Territory’s position as one of Australia’s most prospective development regions.

DMBG congratulates the Northern Territory Government and the successful grant recipients and looks forward to seeing these projects contribute to future jobs, investment and economic growth across the Territory.

As DMBG prepares for its refreshed Facing North engagement program in Canberra later this year, announcements such as this demonstrate the importance of maintaining policy settings that support investment, exploration and long-term development in Northern Australia.