Tectonic Gold Plc Research and Development Cash Refund

 
TIDMTTAU 
 
3 March 2022 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                     RESEARCH AND DEVELOPMENT CASH REFUND 
 
Tectonic Gold plc (TDIM: TTAU), the Intrusive Related Gold ("IRGS") exploration 
pioneer, is pleased to announce the successful renewal of 100% owned Signature 
Gold's Australian Federal Government Research and Development Tax Incentive 
Scheme participation for the 2020/21 tax year. 
 
Highlights: 
 
  * Tectonic successful in renewal of R&D status for IRGS research program 
  * $289,019 cash rebate received from Australian Tax Office 
  * Over $3m received under this program in co-funding for IRGS research since 
    inception 
  * All testing and evaluation work at Specimen Hill for the second half 2021 
    campaign and current work will be claimed in the 2022 tax year 
 
About Tectonic Gold: 
 
Tectonic Gold is a specialist gold exploration company, focused on the 
identification and delineation of large-scale, multimillion-ounce Intrusion 
Related Gold System ("IRGS") assets. Tectonic Gold holds a number of gold 
discoveries in Eastern Australia, a prolific gold region that is home to 
Australia's two largest gold production companies, Newcrest Mining and 
Evolution Mining. 
 
Refer to Company website for JORC Table 1 disclosure. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
The R&D program at Signature Gold has been running since 2014 and has become a 
key factor in the company's Intrusive Related Gold System exploration success 
in Australia. We are very grateful for the on-going financial partnership with 
the Australian Federal Government, which has contributed over $3 million in 
non-dilutive funding, in partnership with Tectonic shareholders, to drive this 
exciting research initiative on our Queensland copper/gold projects. 
 
Qualified Persons: 
 
Mr Jonathan Robbeson - BSc (Hons1), MEconGeol, MMinEng, (CP Geo) is a full time 
employee Signature Gold Limited and is a registered Chartered Professional 
(Geology) with the Australian Institute of Mining and Metallurgy (AusIMM - 
304542). Mr Robbeson has sufficient experience that is relevant to the style of 
mineralisation and type of deposit under consideration and the activity being 
undertaken to qualify as a Competent Person as defined in the Note for Mining 
Oil & Gas Companies, June 2009, of the London Stock Exchange and the 2012 
Edition of the 'Australian Code for Reporting of Exploration Results, Mineral 
Resources and Ore Reserves' (JORC Code). Mr Robbeson consents to the inclusion 
in the release of the matters based on his information in the form and context 
in which it appears. 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
For further information, please contact: 
 
Tectonic Gold plc                                           [phone] 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com 
@tectonic_gold 
 
Aquis Stock Exchange Corporate Advisor and Broker 
VSA Capital Limited                                       [phone] 
Andrew Raca - Corporate Finance 
Andrew Monk - Corporate Broking 
 
                                     Ends 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 03, 2022 02:00 ET (07:00 GMT)