Australia to propose tax incentives for critical minerals
The proposed law will set up a tax incentive worth 10% of relevant processing and refining costs for 31 critical minerals.
Capital Mining (ASX:CMY) announced that initial drilling at the Mundaerno South project in South Australia has indicated uranium and vanadium mineralization.
The press release is quoted as saying:
Capital Mining said the drilling has provided valuable new information about the geology and prospectivity of the area, which puts follow up exploration on a sound footing.