Bryah Resources receives R&D rebate

Bryah Resources Limited (ASX: $BYH) has received a $408k cash refund from the research and development government rebate (R&D). The rebate was from the innovative exploration completed on the prospective Narracoota geology for VMS copper deposits within the Bryah Basin. The Australian Federal Government's R&D Tax Incentive Program provides a cash refund on eligible research and development activities performed by Australian companies.

Executive Commentary on R&D Rebate

Chief Executive Officer, Ashley Jones, stated, 'This rebate was from the innovative exploration completed on the prospective Narracoota geology for VMS copper deposits within the Bryah Basin. We are now generating further copper targets utilising this past experience and plan to combine it with some new advanced geophysical techniques.'

Summary of R&D Rebate and Outlook

Bryah Resources Limited (ASX: $BYH) has received a $408k cash refund from the research and development government rebate (R&D) for its innovative exploration activities. The company plans to utilize this rebate to further develop copper targets using advanced geophysical techniques. The Australian Federal Government's R&D Tax Incentive Program provides a valuable cash refund on eligible research and development activities. Bryah's focus on energy metals and strategic projects in Western Australia positions it well to leverage its geological knowledge and exploration efforts. The company's base metals inventory and joint ventures indicate a clear pathway to production, while its stake in gold-focused Star Minerals presents additional exploration prospects. With a strong focus on innovation and exploration, Bryah Resources is poised for continued growth and development in the mining and exploration sector.