R&D tax offsets of $600,000 received for activities undertake during 2025 financial year

• $390,000 for ABx, principally related to rare earths

• $210,000 for ALCORE

ALCORE has fully repaid the unused funds from the Federal Government's Modern Manufacturing Initiative (MMI) grant program, completing its repayment obligations. ALCORE is deeply appreciative of the $3.08 million that the Federal Government provided to support the ALCORE technology.

ALCORE remains under assessment for a Commercialisation and Growth Grant of up to $5 million through the Federal Government's Industry Growth Program (IGP). Grant outcomes are anticipated to be available before the end of 2026.