Perth, Australia (ABN Newswire) - Peak Resources Ltd. (ASX:PEK) (OTCMKTS:PKRLY) is pleased to advise it has received $1.39 million in research and development (R&D) rebate for the 2012 and 2013 financial years.
Under the Federal Government's Research and Development Tax Incentive Scheme, eligible companies which undertake R&D activities are entitled to a cash rebate of 45% of R&D expenditure incurred in Australia.
The R&D rebate relates to expenditure on development of the metallurgical processing route for the Ngualla Rare Earth Project.
About Peak Resources Limited:
Listed on the Australian Stock Exchange (ASX:PEK) in November 2006 and based in Perth, Western Australia, Peak Resources Ltd. is developing the Ngualla Rare Earths Project in southern Tanzania. Peak also holds a number of gold projects comprising a mix of brownfield, greenfield and advanced exploration prospects in the highly prospective Lake Victoria Goldfields area of Tanzania.
Peak’s goal is to generate shareholder value through:
- Development of the exciting new high-grade, low uranium and thorium Ngualla Rare Earth discovery into production
- Exploring for niobium-tantalum and phosphate at Ngualla to generate a pipeline of additional commodities
- Discovery of new gold deposits within its large, highly prospective portfolio of exploration projects in Tanzania
- Aggressive new project acquisition programmes in East Africa
Peak’s head office is located in Perth, Western Australia with an exploration office in Mwanza, Tanzania.
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Perth, Australia (ABN Newswire) - Peak Resources Ltd. (ASX:PEK) (OTCMKTS:PKRLY) is pleased to advise it has received $1.39 million in research and development (R&D) rebate for the 2012 and 2013 financial years.
