The following from recent announcement shows that "Mantle undertakes innovative exploration to generate best practice results" and intend to do so at Bacchus Marsh and Mt Mulligan.
"Mantle Receives $325k R&D Tax Offset.
Mantle Mining Corporation Limited (ASX: MNM) the Company, is pleased to advise that the Australian Tax Office (ATO) has issued the Company a cash refund of $325,059 (including interest) for Research and Development (R&D) Tax Offsets for the 2009 - 2010 Financial Year.
Mantle R&D Project Highlights:
?h Mantle undertakes innovative exploration to generate best practice results. Where possible, the exploration approach is designed to provide exposure to various grants and rebate programs.
?h The Company has registered baseline R&D plans for the following applicable projects:
o Barkly Phosphate, and
o Haunted Stream Gold.
?h These baseline R&D plans allow for future claims and for the development of applications for various Commonwealth, State, and Industry grant programs, where applicable.
?h The Company??s successful application for a Rediscover Victoria Drilling (RVD) Grant ($22,500 received) to assist with the costs of drilling activities at the Haunted Stream Gold Project, further evidences the benefits of this approach.
?h The Bacchus Marsh Coal and Trafford (Mt Mulligan) CBM Project exploration and development designs are expected to include suitable methodology to comply with the R&D Tax Offset guidelines. Future rebate and funding applications for these projects will be based on the exploration for and development of leading edge, low emission coal utilization." ends..
Cheers
B Rubes
- Forums
- ASX - By Stock
- AUL
- article from todays age
article from todays age, page-6
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)