Right Resources Secures Second R&D Funding Tranche
Key points
- Company gains access to a A$755,000 loan facility for R&D activities
- This funding is in addition to the A$930,000 facility secured earlier this year
- Collaboration with CODES continues to enhance mineral systems model
Full summary
Right Resources Limited (ASX: RRE) has secured an approved facility of A$755,000 with Rockford RDF Pty Ltd to provide funding for R&D activities from February to April 2026. This facility, in addition to the A$930,000 facility secured in March 2026, brings the total R&D funding for FY2026 to A$1,685,000. This funding is provided under the Federal Government's Research and Development Tax Incentive (R&DTI) program, offering early access to non-dilutive capital based on eligible R&D expenditure. The R&D program includes continued collaboration with CODES (University of Tasmania), a globally recognized leader in ore deposit research, leveraging expertise in Reduced Intrusion-Related Gold Systems.
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