Golden Mile Receives AU$379K R&D Tax Incentive to Support Exploration Activities

Golden Mile Resources Limited (ASX: G88) has secured an AU$379,066.30 refund from the Australian Taxation Office under the 2024 AusIndustry Research and Development Tax Incentive. The refund relates to the Company’s work on novel laterite nickel/cobalt processing technologies at its 100%-owned Quicksilver Project near Lake Grace, WA.

Managing Director Damon Dormer noted the refund will bolster ongoing exploration at the Pearl Copper Project in Arizona, USA. Golden Mile recently completed a 10-hole, 1,186.3m maiden drilling program at Pearl and is awaiting assay results. Planning is now underway for the next phase of geophysics and drilling, with the R&D rebate providing timely support for its international expansion strategy.

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