This tax refund includes overseas R&D expenditure that is eligible under the company’s successful overseas finding application which was approved by the Australian Government’s Department of Industry, Science, Energy and Resources in October 2019.
Mark Savich, CEO of Agrimin said: “Receipt of this R&D tax refund is welcomed support from the Australian Government and strengthens our financial position as we near the completion of our definitive feasibility study for the Mackay potash project.”