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Australian Potash receives R&D tax incentive

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World Fertilizer,

Australian Potash Ltd has received a AUS$1.4 million refundable R&D tax offset from the Australian Taxation Office.

The R&D tax incentive recognises the innovative abstraction bore construction and pre-concentration pond testwork trials on the Lake Wells sulfate of potash project in Western Australia undertaken by the company during the financial year ending 30 June 2019. The funds will be used to continue the work streams for the FEED study due to be delivered in 1H20.

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