Antipa Minerals (ASX:AZY) expects to receive a $515,000 tax refund under the Federal Government’s Research and Development Tax Incentive Scheme.
The claim was made in the company’s FY2014 tax return.
In February, Antipa updated Resources at its Calibre and Magnum deposits in accordance with JORC 2012. These are part of the Citadel Project located in Western Australia’s Proterozoic Paterson Province.
Calibre has a Resource of 47.8 million tonnes grading 0.56 grams per tonne gold and 0.17% copper, or 867,000 ounces of gold and 81,000 tonnes of copper while Magnum hosts 16.1 million tonnes grading 0.66 g/t gold and 0.36% copper for 339,000 ounces of gold and 58,000 tonnes of copper.
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