(“Tectonic Gold” or the “Company”)
R&D Tax Incentive Funding
-- Signature is eligible for a 43.5% cash rebate on all qualifying technical expenditure --
A$590,180.95received for the tax year to June 2018-- Over A$2 millionreceived under the program to date -- Program remains ongoing and future expenditures expected to qualify for additional cash rebates
About the R&D Tax Incentive Program:
Signature is conducting an on-going research and development program investigating exploration technologies and methodologies to improve the identification and delineation of Intrusive Related Gold Systems (IRGS). This program is registered under the Australian Federal Government R&D Tax Incentive Scheme, which provides for a 43.5% cash rebate on an annual basis on qualifying expenditures.
Signature has successfully qualified for participation in the scheme for each of the last five years and received over
The program being conducted by Tectonic Gold remains active with current efforts focused on work at Specimen Hill. Recent drilling at Specimen Hill is being used for, inter alia, validation of the predictive approach that has been developed by the Company and used to map extensions of the known gold from old workings, under cover and to depth. The Company has utilised a range of new technologies to develop this exploration capability with an aim of significantly improving the economics of gold exploration in the region and beyond.
About Tectonic Gold:
Tectonic Gold is a specialist gold exploration company, focused on the identification and delineation of large-scale, multimillion-ounce Intrusion Related Gold System assets. Tectonic Gold holds a number of gold discoveries in the Lachlan Fold Belt in
“The support from the Australian Government and the research institutions that we have been working with over a number of years is a key reason for
The Directors of the Company accept responsibility for the contents of this announcement.
For further information, please contact:
Tectonic Gold plc+61 2 9241 7665 Brett Boynton Sam Quinnwww.tectonicgold.com @tectonic_gold NEX Exchange Corporate Adviser and Broker Peterhouse Capital Limited+44 20 7469 0930 Mark AnwylFinancial Adviser and Broker +44 20 3005 5004 VSA Capital Limited Andrew Raca
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a