Northern Minerals (ASX:NTU) receives $8.6M refund from ATO

Mining

ASX:NTU MCAP $133.0M

• Northern Minerals (NTU) has received a research and development refund from from the Australian Tax Office (ATO) worth $8.64 million
• The refund pertains to a refundable tax offset for the 2017, 2018 and 2019 financial years
• It provides a strengthened balance sheet as the company moves forward with pilot plant test work at its Browns Range Project in Western Australia
• A portion of the refund will also be used to make an early debt repayment to JHY Investments
• Shares in Northern Minerals closed in the grey for 3.1 cents each

Read the full article on The Market Herald here: https://themarketherald.com.au/northern-minerals-asxntu-receives-8-6m-refund-from-ato-2020-09-15/