Junior Mining Exploration Fund

The Industrial Development Corporation (IDC) in partnership with the Department of Mineral Resources and Energy is initiating an exploration fund.

The Fund is established for the following objectives:

• to assist qualifying enterprises in the mining industry to conduct prospecting work
• to increase Black Junior Miners’ access and license to mine ore bodies
• to promote economic inclusion to support equitable economic growth

Please note the following important points:

• Only applications from junior miners that are more than 50% black-owned will be considered.
• Applicants must be in possession of a valid prospecting right.
• Only exploration for the following minerals will be considered for this call:
  • Copper-Nickel
  • Graphite
  • Lithium and Rare-Earth Elements

Eligibility Criteria and Disbursements Amounts

Eligibility Criteria for Funding:

• Be a Junior Miner
• Be a South African registered juristic person
• Be domiciled in South Africa
• Have a valid prospecting license
• The applicant must be at least 51% black-owned

Click here to submit your applications or physically deliver to IDC Head Office.

Click here for more information.