Miramar Resources Limited (ASX:M2R)

ALERT: Price-sensitive ASX Announcement for M2R

Current share price for M2R : $0.003 -0.001 (-16.67%)⁺

Announcement

R&D Tax Incentive Refund Received

Release

14 Jul 2026 8:21AM

Price at Release

$0.003

Full Release

Summary

Miramar Resources Limited announced the receipt of a refundable tax offset amounting to A$238,456 through the Australian Government's R&D Tax Incentive Program for the financial year ending 30 June 2025. This refund was granted for their innovative exploration activities at the Whaleshark and Bangemall projects, aimed at improving the identification of IOCG and Ni-Cu-Co-PGE mineralisation. The cash boost enhances Miramar's financial standing, facilitating further exploration and technical development. The company has also benefited from nearly $800,000 in Western Australian EIS grants since 2023, totaling over $1 million in non-dilutive funding. Future plans include EIS co-funded drilling at Whaleshark and additional electromagnetic surveys at Bangemall to advance their exploration strategy.

Key Points

Miramar Resources Limited received a refundable tax offset of A$238,456 under the Australian Government’s R&D Tax Incentive Program.
The R&D refund pertains to exploration and technical activities at the Whaleshark and Bangemall projects.
Funds from the R&D refund will support Miramar's ongoing exploration activities and working capital.
Since 2023, Miramar has secured nearly $800,000 in EIS grants, totaling over $1 million in non-dilutive funding when combined with R&D refunds.
Next steps include EIS co-funded aircore and RC drill testing at the Whaleshark project and follow-up surveys at the Bangemall project.

IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.