Bellavista Resources Secures AU$1.35 million R&D Tax Refund for Brumby Exploration

Bellavista Resources Limited (ASX: BVR) has received a AU$1.35 million cash refund from the Australian Federal Government’s R&D Tax Incentive Program. The refund stems from eligible research and development (R&D) activities carried out by Bellavista during the financial year ending June 30, 2023.

Executive Director Mick Wilson highlighted the collaboration with Fleet Space Technologies and Veracio, enabling the application of cutting-edge exploration technologies at Brumby. This facilitated a swift understanding of the Brumby battery and base metal mineral system, identifying crucial geological vectors for future exploration across the 30sqkm mineralization area. The $1.35 million tax refund will be instrumental in supporting Bellavista's upcoming exploration initiatives.

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