Half Yearly Report and Accounts
Adelaide, Feb 29, 2016 AEST (ABN Newswire) - During the half-year ended 31 December 2015, the Strategic Elements Ltd (
ASX:SOR) focused its resources on progressing the Nanocube technology held in 100% owned subsidiary Australian Advanced Materials Pty Ltd.
Australian Advanced Materials has rapidly developed the Nanocube technology throughout the period, achieving a number of key development milestones. Research and development is ongoing in conjunction with UNSW.
Maria Resource and Strategic Materials have continued work to maintain their respective mineral permits.
Australian Advanced Materials and Maria Resources have applied for registration under the R&D Tax Incentive Program for research and development conducted during the FY15 year. If eligible, a significant proportion of research and development expenditure may be rebated.
The Company remains registered under the Pooled Development Fund program, benefits for shareholders are described on the Company's website.
To view the report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SOR-754364.pdf
About Strategic Elements Ltd
Strategic Elements (ASX:SOR) shares are listed on the Australian Stock Exchange under the code “SOR”. The Company is registered under the Pooled Development Program run by the Australian Federal Government to encourage investment into SME’s. To assist Pooled Development Fund’s to invest and raise capital, the Federal Government enables most shareholders in a Pooled Development Fund to make capital gains and receive dividends tax-free.
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