Elementos (ASX:ELT) has received a tax refund of $63,000 under the Australian Government’s Research and Development Tax Incentive Scheme for the 2012/13 financial year.
The claim relates to activities for its Cleveland Tailings and Underground Projects in Tasmania.
Elementos is also awaiting confirmation of refunds for the 2011/12 and 2013/14 financial years, which are anticipated to be substantially larger.
Refunds will be used to progress the company’s plan to enter into production in 2016.
The company’s focus is on delivering its Cleveland tailings project. It expects to start the Definitive Feasibility Study in the first half of 2015.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.
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