Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Labyrinth Receives $796,000 Refund From Quebec Government

by June 28, 2023
June 28, 2023
Labyrinth Receives $796,000 Refund From Quebec Government

Labyrinth Resources Limited (ASX: LRL) (‘Labyrinth’ or ‘the Company’) is pleased to advise that it has received a payment of CAD$698,171 (AUD$795,915) from Revenu Quebec following the Company’s submission for a resources tax credit (CIRR) earlier this year.

Revenu Quebec has also confirmed that Labyrinth will receive a further payment of CAD$141,537 (AUD$161,352) on 29 June 2023 under the refundable duties credit for loss (CDRP) process.

The refund relates to the Company’s exploration expenditure on its Labyrinth gold project in Quebec.

The increased cash balance ensures Labyrinth is well placed to continue advancing its high- grade gold projects in Canada and Western Australia, which boast JORC 2012 Mineral Resources of 500,000oz @ 5g/t and 96,000oz @ 4.8g/t1 respectively. Both deposits remain open at depth and along strike with very limited exploration conducted in over 15 years.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Costco cracks down on membership card sharing
next post
Purepoint Uranium

Related Posts

Antimony: Lesser Known, Yet Highly Critical

June 20, 2023

Uranium Reserves: Top 5 Countries (Updated 2023)

August 9, 2023

Strong Intercepts Confirm Significant Production Potential at Gould’s...

June 26, 2024

Rio Silver to Complete 5:1 Consolidation

June 28, 2025

Sona Nanotech Provides Interim Results of Dalhousie Efficacy...

April 13, 2024

Tech 5: Trump to Prioritize Crypto, Biden Blocks...

January 19, 2025

Heritage Mining Announces Closing of the Second Tranche...

June 21, 2023

Editor’s Picks: Platinum Hits 11 Year High, Expert...

June 29, 2025

A$2.7m Equity Placement to Fund Laverton Drilling Campaign

June 30, 2025

Highly successful quarter sees Boss make pivotal transition...

May 1, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Kobo Resources Closes Second and Final Tranche of the Upsized Non-Brokered Private Placement for Gross Proceeds of Over $3.96 Million

    • Sranan Gold Announces Participation in Upcoming Capital Event Muskoka Conference and Munich Mining Conference

    • Insider Loan to Corporation

    • Blue Lagoon Announces Commissioning of MBBR Water Treatment System and Start of Underground Operations at Dome Mountain

    • Crypto Market Update: Bitcoin ETF Inflows Hit US$2.3 Billion As Traders Bet on Fed Easing

    Categories

    • Business (1,373)
    • Investing (2,900)
    • Politics (3,699)
    • Stocks (1,790)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved