Moho Resources (ASX:MOH) has received a $979,000 refundable tax offset for research and development (R&D) expenditure conducted across its prospective projects.
The project work pertains to Silver Swan North and Burracoppin in Western Australia and Empress Springs in Queensland during the 2021-22 financial year.
Moho Resources has partnered with the CSIRO, Curtin University, the Department of Mines, Industry Regulation and Safety, and external consultants to improve and refine its mineral discovery processes.
Following the announcement, shares of Moho Resources were unchanged at $0.017.