Australian Potash Ltd. (APC), West Perth, Western Australia, said on July 16 it has received an A$1.3 million Research and Development Tax Incentive from the Australian Taxation Office. It said the incentive recognizes the test work activities that have reduced the capital cost estimate for the Definitive Feasibility Study (DFS) on the Lake Wells Sulfate of Potash Project undertaken by the company during the financial year ending June 30, 2018. The funds will be used to complete the work streams feeding into the DFS, which is due to be delivered in second-half 2019.
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