logo-loader
viewProactive Group

Bullabulling Gold receives second Aussie tax rebate

no_picture_pai.jpg

Gold group Bullabulling Gold (LON:BGL) has received a second research and development rebate from the Australian tax office.

Bullabulling said it had already been paid the A$2.5mln rebate, which stemmed from a tax incentive application lodged on behalf of its subsidiary, Bullabulling Operations Pty.

The company had previously received A$2.0mln for a similar application lodged on behalf of its other subsidiary,Bullabulling Gold UK Ltd, in July.

Funds from both rebates will be used for work on the definitive feasibility study (DFS) for the 3.7 mln ounce Bullabulling project. The DFS is scheduled for completion in 2014.

Bullabulling said on Monday it had re-started drilling at the flagship project to help finalise mine design in the infrastructure corridor between the planned four open pits.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Piedmont Lithium secures landmark Section 404 Permit to...

Piedmont Lithium Ltd (ASX:PLL) CEO Keith Phillips tells Proactive the lithium explorer has received the Section 404 Permit under the Clean Water Act from the US Army Corps of Engineers for its lithium project in North Carolina. Phillips says this landmark achievement follows a fair, albeit...

13 hours, 21 minutes ago

2 min read