The Conversation (0)
December 15, 2022
Queensland Pacific Metals Ltd (ASX:QPM) (“QPM” or “the Company”) is pleased to announce that it has received a tax refund of $10.2m, relating to the R&D Tax Incentive for the 30 June 2022 financial year. QPM’s current cash balance is now $45.2m.
Highlights
- $10.2m R&D Tax Incentive refund received for 30 June 2022 financial year.
- Current cash balance of $45.2m leaves QPM well positioned to advance the TECH Project in parallel with debt funding process.
In parallel with the Company’s debt financing initiatives, QPM will continue to advance the TECH Project with work streams relating to:
- Detailed engineering and equipment testwork;
- Gas supply chain; and
- Lansdown site works.
Click here for the full ASX Release
This article includes content from Queensland Pacific Metals, 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.
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