The Board of Rex Minerals (Rex or the Company) is pleased to advise that the Federal Government’s Department of Industry, Innovation and Science has issued the Company with a Post Registration Certificate for Finding in respect of Research and Development (R&D) expenditure.
The Certificate for Finding provides certainty over the R&D registrations lodged by the Company to date. The eligible R&D expenditure entitles Rex to claim, via the Australian Taxation Office, a refundable cash incentive of approximately A$3.2M following amendment of its annual income tax returns, and this is expected to be received by the Company in the coming months.
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