Friday's Half Yearly report stated the below. Don't see any details marked in bold mentioned in today's announcement. This is the same "tax credit" referred to?
Junior Minerals Exploration Incentive Credits Received: The Company received $599,489 in exploration tax credits for the 2023/2024 financial year as part of a successful application to the Australian Federal Government’s Junior Minerals Exploration Incentive (JMEI) program. The JMEI is an initiative designed to encourage investment in eligible exploration companies carrying out greenfields mineral exploration in Australia. The JMEI program allows these companies to relinquish a portion of their tax losses for potential distribution to eligible investors. The allocation of tax credits will provide additional financial support to Godolphin as it conducts exploration activities across its enviable landholding in the Lachlan Fold Belt in NSW. Godolphin will distribute these JMEI credits to eligible investors who participate in any new share issues during the financial year ending 30 June 2024, including Australian shareholders that participated in the placement and entitlement offer.
GRL Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
