The Directors of Hamelin Gold Limited ('Hamelin Gold' or 'Company') are pleased to advise that Hamelin Gold was successful in its application for the Federal Government Junior Mineral Exploration Incentive ('JMEI') for up to $1.48 million of tax credits for the tax year ending June 30, 2025.
The JMEI scheme encourages investment in exploration companies that carry out greenfields mineral exploration in Australia, by allowing these companies to give up a portion of their tax losses for potential distribution to eligible investors.
The exploration credits cannot exceed an amount based on the Company's greenfields minerals expenditure, tax loss for the year or exploration credits allocation of $1.48 million and are only available to eligible investors who subscribe for new shares issued by Hamelin Gold during the 2024/2025 financial year. Any unused allocation of exploration credits from the 2025 year can be carried over to the year ending June 30, 2026. Hamelin Gold acknowledges the support of the Commonwealth of Australia in again making the JMEI available.
Contact:
Peter Bewick
Managing Director and CEO
Tel: +61 8 9486 9455
Email: contact@hamelingold.com.au
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