OD6 Metals Secures AU$962,697 for Rare Earth R&D in Western Australia

OD6 Metals Limited (ASX: OD6) has successfully received its Research and Development (R&D) Tax Incentive claim for the 2022/23 financial year. The company, engaged in critical minerals exploration, particularly rare earth elements (REE), secured AU$962,697 in R&D tax offsets. This funding reinforces the Treasury position, reflecting a rebate on eligible Australian R&D activities at the Splinter Rock and Grass Patch clay hosted REE projects near Esperance in Western Australia.

The Managing Director, Brett Hazelden, emphasizes the significance of the R&D Tax Incentive program in supporting OD6's collaboration with institutions like CSIRO, ANSTO, and Murdoch University to advance technology for rare earth exploration. The company remains committed to ongoing R&D efforts, anticipating future tax offsets and contributing to the development of the critical minerals industry in Australia. The forward-looking statements highlight the company's dedication to technological advancements in the Esperance region.

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