| R&D Refund of at least $450,000 | |
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GOLDEN CROSS RESOURCES LTD
ABN 65 063 075 178
22 Edgeworth David Ave
Hornsby NSW 2077
Phone (02) 9472 3500
Fax (02) 9482 8488
10 August 2015
R&D Refund of at least $450,000
R&D refund approved by AusIndustry
Golden Cross Resources Limited (ASX:GCR) is pleased to announce that it has been notified by AusIndustry that its R&D refund claim has been approved and preparation of the annual tax return has commenced. It is anticipated that in excess of $0.45 million will be received by the Company after all expenses and fees are deducted. The funds are expected from the ATO in late August or early September.
The Company would like to pass on its appreciation to Deloittes who worked with management to facilitate the prompt submission of the R&D application.
On receipt of the funds the Company intends to undertake its interim drilling program at the Copper Hill Project as the first step in its planned Pre-feasibility Study into a 2 - 3 million tonnes per annum operation based on the higher grade resources.
Jingmin Qian
Interim Chairman
Further information, please contact Mr Ken Hellsten on (02) 9472 3500.
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VanEck Vectors Global Alternative Energy ETF
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DEVELOPMENT STAGE |
CODE : GCR.AX |
ISIN : AU000000GCR0 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Golden Cross Res. is a gold exploration company based in Australia. Golden Cross Res. develops gold, copper, silver and zinc in Australia, and holds various exploration projects in Australia. Its main assets in development are COPPER HILL and KEMPFIELD in Australia and its main exploration properties are WAGGA TANK, MOUNT ISA (QUEENSLAND), BOWEN, BURRA PROPERTY, WEST WYALONG, YELLOW MOUNTAIN, CULLARIN, MULGA TANK, CARGO, SUNNY CORNER, SOUTH GILMORE (DOBROYDE), BREADALBANE and CANBELEGO/ PIPELINE in Australia and NUIKLAVIK and NOTAKWANON in Canada. |