Barton Gold Holdings Limited (ASX:BGD) is excited to announce the distribution of a total of $643,183 in Junior Minerals Exploration Incentive (JMEI) tax credits to eligible investors. This follows the submission of its 2025 corporate tax return and subsequent approval from the Australian Taxation Office (ATO).
The JMEI scheme allows eligible exploration companies to create refundable tax credits to share with Australian resident shareholders who acquire newly issued shares during the designated period. Investors, categorized as Eligible Investors, will generally receive refundable tax offsets if they are individual shareholders or superannuation funds, while corporate investors will get franking credits.
The credits issuable to any investor are capped at the amount they paid for new shares multiplied by the company’s corporate tax rate. These credits are allocated proportionally based on each investor's investment relative to the total new shares issued during the eligible timeframe.
During 2024, Barton received confirmation from the ATO regarding its successful application for the JMEI scheme for the 2024/2025 financial year, with a substantial allocation of up to $1,488,500 in distributable tax credits.
For the year ending June 30, 2025, Barton incurred eligible ‘greenfields’ exploration expenditure totaling $2,731,882, generating $643,183 in distributable JMEI tax credits based on its 25% corporate tax rate and a tax loss of $2,572,732. These credits have been issued to Eligible Investors who participated in Barton's June 2025 placement, where 4,285,722 new shares were issued at $0.70 each, raising $3 million with no associated costs or fees.
Investors from the June 2025 placement have each received a JMEI tax credit of $0.15 for every $0.70 share purchased, which translates to an effective additional investment return of 21.4% for each dollar invested.
Commenting on this distribution of JMEI credits, Barton’s Managing Director, Alexander Scanlon, noted, "The award of these tax credits represents a significant benefit for Barton and its investors, complementing the Federal Government's R&D Tax Incentive Program. This support has allowed us to undertake extensive large-scale R&D initiatives that may not have been possible otherwise, securing vital early-stage exploration investment support and confirming multiple significant technical outcomes."
For more detailed information about the JMEI scheme, please refer to the Australian Taxation Office website.
Barton Gold is an Australian gold developer, listed on the ASX, OTCQB, and Frankfurt Stock Exchange, targeting a future gold production of 150,000 oz per annum with substantial mineral resources in South Australia.
For further inquiries, you can contact:
Alexander Scanlon
Managing Director
a.scanlon@bartongold.com.au
+61 425 226 649
Jade Cook
Company Secretary
cosec@bartongold.com.au
+61 8 9322 1587
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