Announcement of JMEI exploration tax credits issuance

North Stawell Minerals Limited (ASX:NSM) has issued $295,532 Junior Mining Exploration Incentive (JMEI) Tax Credits to eligible shareholders who participated in the Non-Renounceable Entitlement Offer equity raising in December 2023. The JMEI scheme allows eligible exploration companies to create refundable tax credits for eligible shareholders by forgoing a portion of their carried forward tax losses from allowable expenditure on 'greenfield' exploration.

Executive Commentary on JMEI Exploration Tax Credits

The issuance of $295,532 JMEI exploration tax credits to eligible shareholders is a significant step for North Stawell Minerals. This demonstrates our commitment to maximizing the benefits available under the JMEI scheme and rewarding our shareholders who participated in the Non-Renounceable Entitlement Offer equity raising in December 2023. We encourage eligible investors to take advantage of these exploration credits when filing their 2023/24 tax returns.

Summary of JMEI Exploration Tax Credits Announcement

North Stawell Minerals Ltd (ASX:NSM) has issued $295,532 Junior Mining Exploration Incentive (JMEI) Tax Credits to eligible shareholders. The JMEI scheme allows eligible exploration companies to create refundable tax credits for eligible shareholders by forgoing a portion of their carried forward tax losses from allowable expenditure on 'greenfield' exploration. Shareholders who participated in the Non-Renounceable Entitlement Offer equity raising in December 2023 are eligible to claim these credits on their 2023/24 tax returns. For further information, eligible investors can visit the ATO website. This issuance reflects the company's dedication to maximizing the benefits available under the JMEI scheme and rewarding its shareholders.