JORC Aurora Tank, page-22

Below is from the ATO website re JMEI

critical point is #4

Based on company timelines and reading between lines, ie production late 2025, any further raises now until June 30 2025 will have attaching JMEI credits.... after which time the company will surely be in production thereby ruling MEU ineligible for the credits.



Eligible exploration companies Requirements you must meet to participate in the Junior Minerals Exploration Incentive (JMEI).

Last updated 15 June 2018

In order to participate in the JMEI, you:

1. must be a greenfields minerals explorer
2. a greenfields mineral explorer must be a constitutional company that is a disclosing entity under section 111AC of the Corporations Act 2001
3. must have incurred greenfields minerals expenditure for the income year or an entity that is affiliated or connected to you,
4. must not have carried on any mining operations for the extraction of minerals for the purposes of generating assessable income during the current income year and during the immediately preceding income year in which greenfields minerals expenditure is incurred.

Eligibility is determined each year for which you apply to participate in the JMEI.