Miramar Resources Receives A$238,456 R&D Tax Incentive Refund
Key points
- Received A$238,456 tax refund from Australian Government
- Funds relate to exploration and technical activities
- Supports Whaleshark and Bangemall projects
Full summary
Miramar Resources Limited (ASX:M2R) has announced the receipt of a refundable tax offset of A$238,456 under the Australian Government's Research and Development (R&D) Tax Incentive Program for activities undertaken during the financial year ending 30 June 2025. The refund is for eligible exploration and technical activities at the Whaleshark and Bangemall projects, including developing new exploration methodologies for Iron Oxide Copper-Gold (IOCG) and Nickel-Copper-Cobalt-PGE (Ni-Cu-Co-PGE) mineralisation. The funds will support ongoing exploration activities and working capital requirements. The refund is part of the Australian Government's initiative to support innovation and technical advancement in Australian companies.
Outlook
Miramar plans to continue exploration activities at the Whaleshark and Bangemall projects, with potential for significant mineral discoveries.
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