Receives $1.39 Million R&D Rebate
Perth, Oct 15, 2013 AEST (ABN Newswire) - Peak Resources Limited (
ASX:PEK) (PKRLY:OTCMKTS) is pleased to advise it has received $1.39 million in research and development (R&D) rebate for the 2012 and 2013 financial years.
Under the Federal Government's Research and Development Tax Incentive Scheme, eligible companies which undertake R&D activities are entitled to a cash rebate of 45% of R&D expenditure incurred in Australia.
The R&D rebate relates to expenditure on development of the metallurgical processing route for the Ngualla Rare Earth Project.
About Peak Resources Limited
Peak Resources Limited (ASX:PEK) is focused on delivering our high-grade Ngualla rare earth project via a sequenced development approach to enable low carbon technologies to power the green transformation.
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