Tectonic Gold Plc - Research and Development Refund
PR Newswire
London, November 25
26 November 2021
TECTONIC GOLD PLC
("Tectonic Gold" or the "Company")
RESEARCH AND DEVELOPMENT REFUND
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold ("IRGS") exploration pioneer, is pleased to announce the successful renewal of its Australian Federal Government Research and Development Tax Incentive Scheme participation for the 2021 tax year.
Highlights:
- Tectonic successful in renewal of R&D status for IRGS research program
- $275,000 cash rebate estimated with funds expected before year end
- Current field work and analytics expected to have continued participation in 2022 and beyond
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc
"This is a very important result as we present Specimen Hill to a number of major copper and gold mining groups. The Australian Federal Government has supported us with in excess of $3 million in direct cash funding since the inception of our research program. Tectonic is a technology driven business and we are at the forefront of innovative new thinking in the Australian exploration industry."
The Directors of the Company accept responsibility for the contents of this announcement.
For further information, please contact:
| Tectonic Gold plc Brett Boynton Sam Quinn www.tectonicgold.com. @tectonic_gold | +61 2 9241 7665 |
Financial Adviser, Corporate Adviser and Broker
VSA Capital Limited +44 20 3005 5000
Andrew Raca - Corporate Finance
Andrew Monk - Corporate Broking
Ends
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
