ARAFURA Resources has picked up a $1.5 million tax refund as part of the R&D tax incentive program jointly administered by the Department of Industry, Innovation and Science and the Australian Taxation Office, to cover the costs of research and development at the Nolans neodymium-praseodymium (NdPr) project in the Northern Territory in 2019.
Nolans has good prospects
Arafura will use the funds to cover the costs of the flowsheet piloting program done during the year at Nolans. The latest cheque brings the total received so far from the R&D tax incentive to $40.6...
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