Moho Resources Ltd (ASX:MOH) has been granted a $979,000 refundable tax offset for its research and development (R&D) expenditure conducted across its prospective projects at Silver Swan North and Burracoppin in Western Australia and Empress Springs in Queensland during the 2021-22 financial year.
The company has worked closely with the CSIRO, Curtin University and the Department of Mines, Industry Regulation and Safety on its R&D, using external consultants as part of its overall strategy to improve and refine its mineral discovery processes.
“This is additional validation of the quality and ingenuity of technical work that the Moho team conducts across all its projects in Australia,” Moho managing director Ralph Winter said.
Work program continues across projects
Moho is exploring for nickel, PGEs and gold at Silver Swan North, Manjimup and Burracoppin in WA and Empress Springs in Queensland.
It recently began aircore drilling across three licences at the Burracoppin Rare Earth Element (REE) and Gold Project in WA and is buoyed by recent geochemical results garnered from project-wide soil surveys and drilling at the Crossroads prospect, which returned evidence of elevated total rare earth oxides (TREO).
It has also recently welcomed heritage and rebate news from its nickel sulphide exploration program at the Dukes nickel prospect, part of the regional Silver Swan North Project.