The Victorian State Government has announced a $625,000 injection package for Geoscience Victoria to conduct exploration for the ‘development of Victoria’s minerals and energy resources’ in the State’s budget.

 

The funding will support further research and analysis while the Parliament's Economic Development and Infrastructure Committee inquires into the benefits and drivers of mineral exploration in Victoria.

 

"This new funding, under the Rediscover Victoria banner, will help fill critical remaining gaps in geological data collection and distribution.” Victorian Minister for Energy and Resources Michael O'Brien said.

 

Mr O'Brien said that the additional funding would support Geoscience Victoria to develop a better understanding of:

  • Victoria's potential to host additional gas developments, especially onshore unconventional gas opportunities in Victoria's large sedimentary basins, in light of the need for lower emissions fuels to generate affordable power; and
  • world class mineral deposits in mineral sands, disseminated base metals and disseminated gold.