Waratah Resources (ASX:WGO) has received a $491,920 refund under the Federal Government’s Research and Development Tax Incentive Scheme.
Under the Scheme, the company was entitled to a cash refund of $0.45 per dollar spent on eligible R&D expenditure.
During the December Quarter 2014, the company continued to work towards developing and implementing a logistics network for the supply of commodities.
It also continued to evaluate and assess the Mekambo‐Est Iron Ore Project in Gabon.
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