Andromeda Secures AU$1.66 Million R&D Incentive Refund.
Andromeda Metals Limited (ASX: ADN) has received an AU$1.66 million refund under the Australian Government’s R&D Tax Incentive program after filing its FY25 tax return. The refund follows eligible research and development spending of AU$3.4 million, providing additional financial support for the company’s innovation efforts.
The benefit is tied to an Advance Finding granted by AusIndustry, which covers work related to scaling up product and process development at Stage 1A+ of the Great White Project. This approval allows the company to claim cash rebates on qualifying expenses over a three-year period. Total eligible spending under this phase is expected to reach approximately AU$26 million. The confirmed ruling offers clarity on future claims and strengthens cash flow visibility. This development supports Andromeda’s broader strategy of advancing key projects while utilising government incentives to enhance financial flexibility and sustain operational progress.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Andromeda Secures AU$1.66 Million R&D Incentive Refund.
Andromeda Metals Limited (ASX: ADN) has received an AU$1.66 million refund under the Australian Government’s R&D Tax Incentive program after filing its FY25 tax return. The refund follows eligible research and development spending of AU$3.4 million, providing additional financial support for the company’s innovation efforts.
The benefit is tied to an Advance Finding granted by AusIndustry, which covers work related to scaling up product and process development at Stage 1A+ of the Great White Project. This approval allows the company to claim cash rebates on qualifying expenses over a three-year period. Total eligible spending under this phase is expected to reach approximately AU$26 million. The confirmed ruling offers clarity on future claims and strengthens cash flow visibility. This development supports Andromeda’s broader strategy of advancing key projects while utilising government incentives to enhance financial flexibility and sustain operational progress.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au