Widgie Nickel confirms receipt of $1.17m R&D Tax Incentive refund

Widgie Nickel Ltd (ASX: $WIN) has received a $1.17m Research and Development (R&D) Tax Incentive refund for the 2022/2023 financial year, as part of the Australian Government program to support R&D activities.

Widgie Nickel's CEO highlights the importance of R&D programs and government support

Widgie's R&D programs are targeted towards ensuring we achieve optimum exploitation of our Nickel, Lithium and by-product resource endowment. The results from these programs feed into our economic studies and further work programs aiming to maximise returns. The R&D Tax Incentive and other government initiatives are extremely important to Widgie and other aspiring producers to ensure Australia remains at the forefront of innovation in mining and processing techniques. With Nickel now added to the Australian Governments Critical Minerals list Widgie's ability to develop and test our other ideas and concepts for downstream processing is further supported, and potentially enabling capital support for our planned standalone project development.

Widgie Nickel's outlook on R&D Tax Incentive and government support

Widgie Nickel Ltd (ASX: $WIN) has confirmed the receipt of a $1.17m Research and Development (R&D) Tax Incentive refund for the 2022/2023 financial year. The company's Managing Director and CEO, Mr Steve Norregaard, emphasized the importance of R&D programs and government initiatives in maximizing returns and ensuring Australia's leadership in innovation in mining and processing techniques. With Nickel now included in the Australian Governments Critical Minerals list, Widgie's ability to develop and test ideas for downstream processing is further supported, potentially enabling capital support for planned standalone project development.