Widgie Receives $1.17m R&D Tax Refund
Released
Released
Announcement PDF
ASX Announcement
ASX:WIN
10 April 2024
Widgie Receives $1.17m R&D Tax Refund
Widgie Nickel Ltd (ASX: WIN) (“Widgie” or “the Company”) is pleased to confirm receipt of a
$1.17m Research and Development (R&D) Tax Incentive refund related to the 2022/2023 financial
year.
The R&D Tax Incentive is an Australian Government program to support Australian companies
undertaking R&D activities in Australia. Eligible companies can receive cash rebates of up to 48.5%
of eligible expenditure on R&D activities.
Widgie Nickel’s Managing Director and CEO, Mr Steve Norregaard, commented:
“Widgie’s R&D programs are targeted towards ensuring we achieve optimum exploitation of our
Nickel, Lithium and by-product resource endowment. The results from these programs feed into our
economic studies and further work programs aiming to maximise returns.
The R&D Tax Incentive and other government initiatives are extremely important to Widgie and other
aspiring producers to ensure Australia remains at the forefront of innovation in mining and
processing techniques.
With Nickel now added to the Australian Governments Critical Minerals list Widgie’s ability to
develop and test our other ideas and concepts for downstream processing is further supported, and
potentially enabling capital support for our planned standalone project development.”
Approved by: The Board of Directors
-ENDS-
For further details please contact:
Steve Norregaard
Media Enquiries
Managing Director
Fiona Marshall
Widgie Nickel
White Noise Communications
steve@widgienickel.com.au
fiona@whitenoisecomms.com
0472 621 529
0400 512 109
ABN 77 648 687 094
Level 4, 220 St Georges Tce
Perth, WA 6000
PO BOX 7713
Cloisters Square WA 6850
T: +61 8 6381 7250
F: +61 8 6381 7299
info@widgienickel.com.au
www.widgienickel.com.au
ASX:WIN
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