Tectonic Gold Plc Research and Development Cash Refund
03 March 2022 - 6:00PM
UK Regulatory
TIDMTTAU
3 March 2022
TECTONIC GOLD PLC
("Tectonic Gold" or the "Company")
RESEARCH AND DEVELOPMENT CASH REFUND
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold ("IRGS") exploration
pioneer, is pleased to announce the successful renewal of 100% owned Signature
Gold's Australian Federal Government Research and Development Tax Incentive
Scheme participation for the 2020/21 tax year.
Highlights:
* Tectonic successful in renewal of R&D status for IRGS research program
* $289,019 cash rebate received from Australian Tax Office
* Over $3m received under this program in co-funding for IRGS research since
inception
* All testing and evaluation work at Specimen Hill for the second half 2021
campaign and current work will be claimed in the 2022 tax year
About Tectonic Gold:
Tectonic Gold is a specialist gold exploration company, focused on the
identification and delineation of large-scale, multimillion-ounce Intrusion
Related Gold System ("IRGS") assets. Tectonic Gold holds a number of gold
discoveries in Eastern Australia, a prolific gold region that is home to
Australia's two largest gold production companies, Newcrest Mining and
Evolution Mining.
Refer to Company website for JORC Table 1 disclosure.
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc
The R&D program at Signature Gold has been running since 2014 and has become a
key factor in the company's Intrusive Related Gold System exploration success
in Australia. We are very grateful for the on-going financial partnership with
the Australian Federal Government, which has contributed over $3 million in
non-dilutive funding, in partnership with Tectonic shareholders, to drive this
exciting research initiative on our Queensland copper/gold projects.
Qualified Persons:
Mr Jonathan Robbeson - BSc (Hons1), MEconGeol, MMinEng, (CP Geo) is a full time
employee Signature Gold Limited and is a registered Chartered Professional
(Geology) with the Australian Institute of Mining and Metallurgy (AusIMM -
304542). Mr Robbeson has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and the activity being
undertaken to qualify as a Competent Person as defined in the Note for Mining
Oil & Gas Companies, June 2009, of the London Stock Exchange and the 2012
Edition of the 'Australian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves' (JORC Code). Mr Robbeson consents to the inclusion
in the release of the matters based on his information in the form and context
in which it appears.
The Directors of the Company accept responsibility for the contents of this
announcement.
For further information, please contact:
Tectonic Gold plc +61 2 9241 7665
Brett Boynton
Sam Quinn
www.tectonicgold.com
@tectonic_gold
Aquis Stock Exchange Corporate Advisor and Broker
VSA Capital Limited +44 20 3005 5000
Andrew Raca - Corporate Finance
Andrew Monk - Corporate Broking
Ends
The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to be in the
public domain.
END
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