https://www.miningweekly.com

Oriole receives tax rebate for Cameroon exploration work

18th April 2023

By: Darren Parker

Deputy Editor Online

     

Font size: - +

Aim-listed exploration company Oriole Resources has received a £157 000 rebate from the UK’s tax, payments and customs authority HM Revenue and Customs (HMRC) in relation to a research and development (R&D) tax relief claim for geoscientific advances sought by the company through its exploration programmes last year.

Oriole qualified for the R&D tax relief by performing research work on potential areas of mineralisation to build the geological data necessary to assess the economic feasibility of future mining operations in those areas.
 
"[Our] 2022 exploration work programmes in Cameroon continued to deliver exciting results, with a fourth drill programme at Bibemi leading to the definition of a Joint Ore Reserves Committee-compliant inferred resource, and excellent results from the early-stage work on the central licence package, including the detection of anomalous lithium.

“We . . . have received further support for our research work from HMRC," Oriole CFO Bob Smeeton says.

To watch Creamer Media's latest video reports, click here
 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

North Ridge Pumps
North Ridge Pumps

North Ridge Pumps is an independent manufacturer of pumps. We have a proven track record for product support and customer service throughout the...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.696s - 110pq - 2rq
Subscribe Now