Barton Gold (ASX:BGD) has distributed $643,183 Junior Minerals Exploration Incentive (JMEI) tax credits to approximately 40 eligible investors who participated in the company’s June 2025 $3 million placement.
The credits approved by the Australia Taxation Office (ATO), equate to $0.15 per $0.70 share purchased, delivering an additional return of 21.4% per dollar invested.
Barton had previously been allocated up to $1.49 million in JMEI credits for the 2024/25 financial year, with the distribution based on $2.73 million in eligible greenfields exploration expenditures.
Managing Director Alexander Scanlon says that the award of the tax credits are a significant benefit for the company and complements the Australian government’s Research & Development tax incentive program.
“The JMEI and R&D programs have enabled us to undertake a wide range of large-scale R&D programs which might otherwise not have been possible, to secure vital early-stage exploration investment support, and confirm multiple significant technical outcomes.”
Barton Gold is an Australian gold developer, focused on future gold production of 150,000 ounces per annum. The company has full ownership of the region’s only gold mill in Gawler Craton in South Australia.
Write to Amy Rotman at Mining.com.au
Images: Barton Gold
