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Tag Archive for Junior Mining Exploration Development Incentive

Australian Tax: New Tax Incentive To Drive The Minerals Exploration Industry

Applications open on the 16th of April 2018 for the Junior Minerals Exploration Incentive (JMEI).

Back in September 2017, the government announced it will look to provide a tax incentive for junior exploration companies to encourage investment and risk taking. The Junior Mining Exploration Incentive (JMEI) builds upon the Exploration Development Incentive (EDI) which ceased on the 30th of June 2017.

The Australian Bureau of Statistics released Australia’s mineral exploration statistics for the December 2017 quarter. The report found that overall there continues to be an imbalance between greenfields and brownfields exploration, with 67% of drilling happening in already explored brownfield locations. Read more