Golden Mile Resources Limited announced on 12 June 2025 that it has received A$379,066.30 from the Australian Taxation Office under its 2024 AusIndustry Research and Development Tax Incentive. This refund is linked to the company’s work in developing novel laterite nickel/cobalt processing technology at its 100% owned Quicksilver Nickel-Cobalt Project near Lake Grace, approximately 300 kilometers southeast of Perth. The project, which saw drilling in 2017–2018, resulted in a maiden indicated and inferred mineral resource of 26.3 million tonnes grading 0.64% nickel and 0.04% cobalt – a discovery that amounts to 168,500 tonnes of contained nickel and 11,300 tonnes of contained cobalt. The refund will provide additional funding for Golden Mile’s exploration initiatives, primarily supporting its exploration program at the Pearl Copper Project in Arizona, USA. Golden Mile’s Managing Director, Damon Dormer, highlighted that the company has recently completed its maiden drilling program at Pearl Copper, achieving 1,186.3 meters of drilling across ten reverse circulation holes. With assay results expected in the coming weeks, the company has already initiated planning for follow-up exploration activities, including further drilling and geophysical surveys. From a bullish perspective, the tax refund represents a positive cash influx that underscores governmental support for the company’s innovative R&D initiatives. This additional funding could help accelerate exploration efforts and unlock further resource potential, enhancing the company’s long-term growth prospects. On the bearish side, however, investors might be cautious as the refund represents only a small portion of overall funding needs. Moreover, the forward-looking nature of exploration programs and the inherent uncertainties in assay results mean that near-term market performance may not immediately reflect these positive developments.