IPT impact minerals limited

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pakkham

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14/06/24

10:40

Post #: 74312310
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Originally posted by tally49: ↑

Will certainly help to keep the coffers full.

ASX Code: IPTJUNE 14, 2024 CORPORATE RELEASEIMPACT RECEIVES $354,000 FROM RESEARCH AND DEVELOPMENT REBATEImpact Minerals Limited (ASX:IPT) is pleased to announce that it has received a rebate of $354,000 aftercosts 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 (ASXReleases May 17th and June 5th 2024). The funds further bolster the company’s financial position, ensuringthat Impact is fully funded to complete the Pre-Feasibility Study on the Lake Hope High Purity AluminaProject as well as continuing exploration of its other projects.Impact’s Managing Director, Dr Mike Jones, said, “The unique mineralogy and patented and proprietaryprocessing techniques for the Lake Hope High Purity Alumina project have allowed us to claim back asignificant proportion of our expenditures on the Lake Hope Project through the R and D Tax Incentiveprogramme. Although this rebate covers all of our projects, we had only had the Lake Hope project for threemonths of the 2023 financial year. We anticipate being able to claim an increasing amount of our expenditureson 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 fortheir help preparing the R and D applications over the past 8 years.

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definetly
.. i know you would not let me down

THUMBS UP UP

Last edited by pakkham: 14/06/24

IPT Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $41.13M

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