(MENAFN- ProactiveInvestors)
() has received a tax rebate of $261361 under the Federal Government’s Research and Development Tax Incentive Scheme for the 2013-2014 financial year.
The R&D rebate relates to expenditure on the development of proprietary geochemical modelling processes that can discriminate between mineralised and non-mineralised ultramafic lava flows.
Further rebates are expected for research carried out during the 2014-2015 financial year.
Earlier this month the company identified three nickel sulphide targets at the Coglia nickel prospect of its Merolia Nickel Project in Western Australia.
Merolia is located close to the Windarra nickel mine and associated infrastructure.
This follows on its identifying three targets at the McKenna prospect in April.
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