Refund paid under Research & Development Tax Incentive Scheme
KEY POINTS
- $618,904 received from Australian Federal Government Research & Development (R&D) Tax Incentive Scheme
- Refund applies to work undertaken in 2020/21 tax year
- R&D activities support technical strength in AVL’s processes
- Innovative work includes:
- Production of high purity 99.4% vanadium pentoxide (V2O5) using simplified circuit1
- Energy efficiency and world leading vanadium extraction from pyrometallurgy roast-leach testwork2
- High vanadium extractions of greater than 92% in two-stage leach process34
- Production of FeTi coproduct representative samples5
- Unique vanadium processing circuit to be protected through patent application6
AVL Receives $618,904 R&D Refund for 2021/21 Tax Year
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