9 October 2019

Arafura Resources Announces $1.5 Million Tax Refund For R&D Spend

Arafura Resources has announced it has received a $1.5 million tax offset for research and development relating to its Nolans Neodymium Praseodymium (NdPr) project in the Northern Territory.

"The R&D Tax Incentive program is jointly administered by the Australian Government's Innovation and Science Australia and the Australian Taxation Office. It is a targeted program that helps businesses offset a portion of costs relating to eligible R&D activities and innovation, and in Arafura's case it included costs incurred in the design and operation of its flowsheet piloting program during FY2019". Read the media release here or for more on Nolans and to register your interest for upcoming opportunities relating to this project head to the ICN Gateway page.

 

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