Money spent on research and development (R&D). Some of it is coming back.
Mining.com.au catches up with ABx Group (ASX:ABX) Managing Director and CEO Dr Mark Cooksey after the company received around $600,000 in R&D tax rebates relating to its 2025 work.
Mark breaks down where the money sits:
- ABx: Around $390,000 received this year, largely linked to rare earth activities
- ALCORE: Just over $200,000 received for its fluorine work
- Pilot plant: More than $4 million spent on ALCORE capital equipment
- Future rebates: Further claims are expected as those assets depreciate
- Grant: An Industry Growth Program application is under assessment
- Next: ABx expects a decision before the end of the year
The R&D spend has gone out.
Now some of it is finding its way back to the bank.
About the guest and company
Dr Mark Cooksey is the managing director and CEO of ABx Group. The company is advancing rare earth activities alongside its ALCORE fluorine technology business. ALCORE is developing a pilot plant aimed at producing fluorine chemicals from aluminium smelter by-products.
🎥 Watch the full interview for the latest on ABx’s R&D funding and next grant opportunity.
