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Koonenberry Gold Limited ( (AU:KNB) ) has shared an update.
Koonenberry Gold Limited has allocated $433,234.23 in Junior Minerals Exploration Incentive tax credits to eligible shareholders who participated in its share placements during the financial year ended 30 June 2025, on a pro rata basis. It has also distributed a further $246,834.57 in previously unused JMEI tax credits from the 2024 financial year to investors in the April 2024 private placement and entitlement offer.
The company’s share registry will issue statements detailing the JMEI amounts available for shareholders to claim in their tax returns. By using the JMEI scheme, Koonenberry converts a portion of its carried-forward tax losses from qualifying greenfield exploration into refundable tax credits, enhancing the effective value of past capital raisings and providing a tangible tax benefit to its investor base.
The most recent analyst rating on (AU:KNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Koonenberry Gold Limited stock, see the AU:KNB Stock Forecast page.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is an Australian mineral exploration company listed on the ASX, focused on greenfield gold and related mineral exploration projects. The company raises capital through share placements and entitlement offers to fund exploration activities and leverages government incentive schemes to enhance returns for its investor base.
Average Trading Volume: 2,710,056
Technical Sentiment Signal: Sell
Current Market Cap: A$28.77M
See more data about KNB stock on TipRanks’ Stock Analysis page.