Exploration incentive program gets $100M extension

THE Australian government has extended the life of the Junior Minerals Exploration Incentive another four years, allocating $100 million to support exploration activities across Australia.

Exploration incentive program gets $100M extension Exploration incentive program gets $100M extension Exploration incentive program gets $100M extension Exploration incentive program gets $100M extension Exploration incentive program gets $100M extension

The federal Morrison government has extended $100M worth of tax incentives for small cap miners to bullishly pursue new greenfield opportunities across the country.

 

The JMEI program is a tax incentive for small cap explorers that allows companies to generate tax credits by choosing to give up a portion of their losses from exploration expenditure.