Impact Minerals

Impact Receives $354,000 from Research and Development Rebate

Impact Minerals Limited (ASX:IPT) is pleased to announce that it has received a rebate of $354,000 after costs from the Research and Development Tax Incentive scheme for the financial year ending June 2023.


These funds add to the $3.725 million raised from a recent placement and exercise of options (ASX Releases May 17th and June 5th 2024). The funds further bolster the company’s financial position, ensuring that Impact is fully funded to complete the Pre-Feasibility Study on the Lake Hope High Purity Alumina Project as well as continuing exploration of its other projects.

Impact’s Managing Director, Dr Mike Jones, said, “The unique mineralogy and patented and proprietary processing techniques for the Lake Hope High Purity Alumina project have allowed us to claim back a significant proportion of our expenditures on the Lake Hope Project through the R and D Tax Incentive programme. Although this rebate covers all of our projects, we had only had the Lake Hope project for three months of the 2023 financial year. We anticipate being able to claim an increasing amount of our expenditures on Lake Hope as we continue to develop this exciting project”.

The company would like to thank Ernst and Young and Kate Griffiths and Robin Parsons in particular for their help preparing the R and D applications over the past 8 years.


Click here for the full ASX Release

This article includes content from Impact Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

IPT:AU
The Conversation (0)
Auric Mining (ASX:AWJ)

Munda Gold Mine - Purchase of Mine Camp, Nickel Rights and Water Assets from WIN Metals

Auric Mining Limited (ASX: AWJ) (Auric or the Company) together with WIN Metals Ltd (ASX: WIN) (WIN Metals or WIN) are pleased to announce that the two parties have successfully agreed to the purchase of a package of WIN assets including all nickel and associated minerals rights, water access rights and a fully equipped mining camp all relating to Auric’s Munda Gold Mine.

Keep reading...Show less
Equity Metals

Equity Metals

Keep reading...Show less
Two people shaking hands in office with city skyline view.

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.

The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the company’s ambition of becoming one of the world’s top three gold producers by 2028.

Raygorodok is reportedly among the largest and most technologically advanced gold projects in Central Asia. It produced 6 metric tons of gold in 2024 at a production cost of US$796 per ounce, excluding non-cash items.

Keep reading...Show less
Map of Mali with red pin marking a location.

Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

Mali’s military-led government has completed its takeover of the Yatela and Morila gold mines.

Reuters reported on Monday (June 30) that according to the Malian government, control of the Yatela mine in Western Kayes and the Morila mine in Southern Sikasso has officially been transferred to the Society for Research and Exploitation of Mineral Resources of Mali (SEMOS), a newly formed entity in the country.

The Yatela mine was abandoned in 2016 by Sadiola Exploration Company — a joint venture between South Africa’s AngloGold Ashanti (NYSE:AU,JSE:ANG) and Canada’s IAMGOLD (TSX:IMG,NYSE:IAG) — after the operators deemed continued production uneconomic despite leftover reserves.

Keep reading...Show less

Latest Press Releases

Related News

×