Ann: R&D Tax Incentive application registered with AusIndustry, page-2

Very positive for the company to be able to have a high level of expenditure on the project qualify under the Federal Gov's R&D rebate scheme due to the innovative nature of the works being completed.

Based on the project qualifying under Aus Industry's guidelines, I think you can expect that a good portion of FY24 and the current FY's activities to also qualify to see a refund of $$$ back to the business.

A reminder for those not aware of the program is that 43.5% of dollars spent during the FY on qualifying projects / activities get refunded back to the business as part of their tax return being lodged & processed.

Always welcome a good lick of non-dilutive capital

Well done & look forward to the horizontal program kicking off next month