Australian Potash Ltd has received a AUS$1.3 million Research and Development Tax Incentive from the Australian Taxation Office.
The incentive recognises the test work activities that have reduced the capital cost estimate for the Definitive Feasibility Study (DFS) on the Lake Wells Sulphate of Potash Project undertaken by the company during the financial year ending 30 June 2018.
The funds will be used to complete the work streams feeding into the DFS (due to be delivered in H219).
Read the article online at: https://www.worldfertilizer.com/potash/18072019/australian-potash-to-use-tax-incentive-for-work-streams-completion/
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The agreement includes a preliminary marketing plan that facilitates Gensource’s goal of creating a direct link between a potash producing facility in Saskatchewan, Canada, and the end user.
