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PACE Theme 2 provides grant monies for 50% of direct drilling costs up to a maximum possible allocation of $100 000 exclusive of GST. After succesful projects are officially announced proponent companies have approximately one year to complete their programs and submit reports and drilling samples.
The reports and samples become open file very soon after completion to further aide industry participants. The project proponents and/or operational nominees undertake management of the projects.
For further information about funding, management and reporting see the Proposal Submission Guidelines (.pdf)