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ST GEORGE MINING LIMITED — Capital/Financing Update 2015
Sep 7, 2015
65782_rns_2015-09-07_178f3fbb-b75b-487b-8202-886b07654fb8.pdf
Capital/Financing Update
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ASX / MEDIA RELEASE
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8 September 2015
ST GEORGE MINING RECEIVES $1.3 MILLION
HIGHLIGHTS:
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R&D cash rebate of $1,326,000 received by St George
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Strong boost to cash reserves will support continued high impact exploration
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Drilling programme planned to re‐commence late September 2015
St George Mining Limited (ASX: SGQ ) (“St George Mining” or “the Company”) is pleased to confirm it has received a cash payment of $1,326,000 pursuant to the Federal Government’s R&D Tax Incentive Scheme.
The Company’s 2014/2015 financial year tax return was assessed to include research and development expenditure eligible for the cash rebate under the Scheme, which is administered jointly by AusIndustry and the Australian Taxation Ofice.
John Prineas, Executive Chairman of St George Mining , said:
“We appreciate the support of the Australian Government through the R&D Tax Incentive Scheme.
“St George’s innovative exploration has already confirmed significant potential for nickel sulphide and other mineral deposits at our 100% owned East Laverton Property.
“We have established a strong platform from which to achieve exploration success, and are very excited to be commencing our next drilling programme soon.”
For further information, please contact:
John Prineas
Executive Chairman
St George Mining Limited (+61) 411 421 253 [email protected]
Colin Hay
Professional Public Relations (+61) 08 9388 0944 mob (+61) 404 683 355 [email protected]
St George Mining Limited ACN 139 308 973 Level 1, 115 Cambridge Street, PO Box 1305, West Leederville WA 6007 Phone + 61 8 9322 6600 Facsimile + 61 8 9322 6610