Bryah Resources (ASX:BYH) secured a AU$408,000 tax rebate from the Australian government's research and development tax incentive scheme for the fiscal year ended June 30, 2023, according to a Tuesday filing with the Australian bourse.
The scheme aims to encourage Australian firms to conduct R&D activities by providing a partial refund from eligible expenditures, the filing added.
Shares of Bryah Resources surged 25% in recent trade.
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