2020 Refund payment of $8.7m received from ATO
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Northern Minerals Limited has announced the receipt of a refund payment from the Australian Tax Office related to its refundable R&D tax offset claim for the previous financial year. The company is now debt-free following the repayment of its final convertible note, which was facilitated by this refund. CEO Mark Tory expressed the company's commitment to investing in the Browns Range project to support future operations. The updated cash position of the company stands at a significant amount with no outstanding debts as of the announcement date.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
Story so far
Earlier from Northern Minerals
- NTU - Refund payment received from ATO
- Northern Minerals company activity update
- Response to ASX Aware Query
- Northern Minerals Settles R&D Tax Dispute
- NTU - CEO Appointed
Later from Northern Minerals
- Pause in Trading
- First drilling results positive
- Response to ASX Price and Volume Query
- NTU accelerates pathway to commercial production & cashflow
- A$20 Million Placement
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