The 2017-18 Junior Minerals Exploration Incentive (JMEI) annual impact assessment into greenfields investment made by junior mineral exploration companies attributable to the scheme is now available.
The JMEI supports junior exploration companies to undertake greenfields mineral exploration. In 2017-18, the scheme was allocated $100 million over four years. The scheme allows eligible exploration companies to generate tax credits. They can do this by giving up a portion of their income tax losses from eligible exploration expenditure in an income year.