Australasian Metals (ASX:A8G) Receives AU$118,000 R&D Tax Refund

January 14, 2025 11:41 AM AEDT | By Sonal Goyal

Australasian Metals (ASX:A8G) Receives AU$118,000 R&D Tax Refund — Image source: Company website

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Highlights

Australasian Metals has secured a refundable tax offset of AU$118,000 for research and development activities in FY 2023-2024.

During the reported period, the R&D efforts were focused on the Mt Peake and Barrow Creek projects.

The company focused on developing new spectral sensing technologies to identify geological features associated with lithium-tantalum-caesium (LCT) pegmatites.

Australasian Metals Limited (ASX:A8G) has received a refundable tax offset of AU$118,000 for research and development (R&D) activities undertaken during the 2023-2024 financial year. Theses R&D initiatives were carried out at the company’s Mt Peake and Barrow Creek projects, located in the North Arunta pegmatite province in the Northern territory.

The activities focused on advancing new spectral sensing technologies to help identify geological features associated with LCT pegmatites in the North Arunta pegmatite province. Australasian Metals collaborated with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the University of Western Australia (UWA) on these efforts.

A8G shares were trading at AU$0.077 per share at the time of writing on 14 January 2025 with a market cap of AU$4.45 million.

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