King River Resources (KRR) is pleased to announce that it has received a research and development tax refund of $781,697 for the 2021/22 financial year.
This money will be used to support their working capital, with their cash position being $1,845,928 as of 18 January 2023.
This refund was obtained through research done during the 2022 financial year, which meets the criteria of the Research & Development Scheme.