News and Announcements
Kalium Lakes receive a $3.86 million Research and Development Tax Offset
- Published October 22, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Kalium Lakes is pleased to announce that they have received a $3.86 million Research and Development Tax Offset.
Under the self-assessment program, the company has registered eligible Australian R&D activities for the Beyondie Sulphate Of Potash Project.
Managing Director, Brett Hazelden, commented: “Accessing the R&D Tax Incentive program is an important factor which supports the future development of the Company and the resources industry.
“This allows Kalium Lakes to continue the R&D activities associated with the design and development of the Beyondie Sulphate Of Potash Project.”
About Kalium Limited (ASX: KLL)
Kalium Lakes has completed a Bankable Feasibility Study (BFS) for the Beyondie SOP Project, aiming to commence production at 82ktpa of SOP, before ramping up to 164ktpa of SOP. First production is anticipated in 2020 with an initial mine life of between 30-50 years. The Project has been designed to be a low cost, long life and high margin producer.
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