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AVL Receives $618,904 R&D Refund for 2021/21 Tax Year

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 View PDF (1,949 KB )
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