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VHM LIMITED — Capital/Financing Update 2025
Jan 13, 2025
66004_rns_2025-01-13_57da407b-24ae-4294-a304-d7ecf8c5cda0.pdf
Capital/Financing Update
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ASX Release
14 January 2025
R&D Tax Refund of $1.591 Million Received
VHM Limited (“VHM” or the “Company”) is pleased to announce that it has received a tax refund of $1.591 million relating to the Company’s Research and Development activities for the 2024 financial year.
The refund is part of the Australian Government’s R&D tax incentive scheme administered by the Australian Taxation Office and AusIndustry under which companies can receive up to a 48.5% refundable tax offset of eligible expenses.
The funds received reflect a rebate on eligible R&D activities undertaken by the Company on the world class Rare Earth and Mineral Sands Goschen Project in Victoria, Australia and will be used to progress activities leading to a Final Investment Decision for development.
ENDS
This announcement has been approved by the Board of VHM.
For Further Information Contact:
Ian Hobson Company Secretary M: +61 (0)407 421 185 E: [email protected]
ABN 58 601 004 102 I Suite1, Level 11, 330 Collins St, Melbourne VIC 3000 I www.vhmltd.com.au