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- Moho Resources (MOH) receives a $621,000 tax refund for its research and development activities over the 2021 financial year
- The refundable tax offset was offered for Moho’s expenditure across its projects at Silver Swan North and Burracoppin in Western Australia plus the Empress Springs project in Queensland
- Moho says it actively progressed R&D programs in conjunction with CSIRO and external consultants to refine its mineral discovery processes
- The company says the tax refund represents a major addition to Moho’s ongoing exploration budget
- MOH shares up 3.33 per cent at 6.2 cents
Moho Resources (MOH) has received a $621,000 tax refund for its research and development activities.
Moho is a junior explorer focused on gold and nickel exploration.
The refundable tax offset was offered for Moho’s expenditure across its projects at Silver Swan North and Burracoppin in Western Australia and Empress Springs in Queensland during the 2020-21 financial year.
Moho said it had advanced its research and development programs in conjunction with the CSIRO and external consultants as part of its overall exploration strategy to help refine its mineral discovery processes.
“This R&D tax refund represents a major addition to Moho’s ongoing exploration budget,” Managing Director Shane Sadleir said.
“It also underlines the contribution that R&D makes in the company’s exploration processes targeting significant mineral discoveries within our highly prospective portfolio of battery and precious metal projects.”
MOH shares were trading 3.33 per cent higher at 6.2 cents at 2:01 pm AEDT.
