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)
Kairos Minerals

Wide Gold Intercepts at Mt York Support Future Resource Growth

Three diamond drill rigs on site at 1.4Moz Mt York Gold Project, WA, with 56% of Stage 1 resource drilling complete; Results extend mineralisation along strike and at depth; good continuity of higher-grade shoots confirms new structural model

Kairos Minerals Ltd (ASX:KAI) (“KAI” or the “Company”) is pleased to announce results from the first 16 diamond holes drilled at its Mt York Gold Project in WA’s Pilbara, where current resources at the Main Trend sit at 1.4Moz Au. The results are from Gossan Hill (7 holes), Breccia Hill (5 holes) and Main Hill (4 holes) (Table 1), and are shown on drill plan (Figure 1) and long-section (Figure 2).

Keep reading...Show less
Andy Schectman, gold and silver bars

Andy Schectman: Reset Happening Now — Gold is Key, Silver Has Massive Potential

Andy Schectman, president of Miles Franklin, lays out his takeaways from the latest BRICS meeting, saying he sees a reset happening now.

He also weighs in on the implications for gold and explains why he sees massive potential in silver.

Keep reading...Show less
Nomi Prins, mine site.

Dr. Nomi Prins: Gold, Silver, Uranium and More — I'm Focusing on What's Real

Dr. Nomi Prins of Prinsights Global discusses the real asset uprising and how to invest.

"The uprising actually means that real assets don't have value just for what they are in terms of price — they have value for their positioning in the geopolitical power battle," she explained.

Keep reading...Show less
Pile of gold bars over black background.

5 Best-performing Gold Stocks on the TSX in 2025

The gold price soared to new record highs during the second quarter of 2025, the most recent coming when it climbed to C$4,663.85, or US$3,433.47, on June 13.

Several factors fueled gold price momentum toward the end of the second quarter, including an escalation in Middle East tensions as Israel and Iran entered into direct conflict. Although a cease fire was announced, it came after the United States dropped several 30,000 pound bombs on key Iranian nuclear sites.

Additional support for gold has come from continued uncertainty in global financial markets as the US's tariff strategy continues.

Keep reading...Show less

Latest Press Releases

Related News

×