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STELLAR RESOURCES LIMITED — Capital/Financing Update 2014
Feb 2, 2014
65860_rns_2014-02-02_5d66ac60-79ec-4e00-8a91-ee3ba2254454.pdf
Capital/Financing Update
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3 February 2014
R&D Tax Incentive Claim
Stellar Resources Limited (ASX: SRZ) is pleased to announce that it has received funds in respect to the above claim of $833,612.00 (before costs) for the 12 months ended 30 June 2013 from the Australian Taxation Office.
In the last two weeks, Stellar has added $3.4 million (before costs) to its cash balance of $1.1 million reported to 31 December 2013 ($2.6 million via a share placement and $0.8 million from today’s announcement of a R&D tax incentive claim).
The company is now well funded to accelerate optimisation of its high grade Heemskirk Tin Project located near Zeehan in Tasmania. Details of the program were provided in the December quarter report which was released to the ASX on 31 January 2014.
For further details please contact:
Peter Blight CEO Tel: 03 9618 2540
Email: [email protected]
or visit our Website at: http://www.stellarresources.com.au
ASX Code: SRZ
About Stellar:
ABN 96 108 758 961 Level 17, 530 Collins Street MelbourneVictoria 3000 Australia
Stellar Resources (SRZ) is an exploration and development company with assets in Tasmania and South Australia. The company is rapidly advancing its high-grade Heemskirk Tin Project, located near Zeehan in Tasmania, and plans to become Australia’s second largest producer of tin.
Telephone +61 3 9618 2540 Facsimile +61 3 9649 7200