Small mining companies were overlooked in the budget after federal Treasurer Jim Chalmers failed to extend a tax incentive for mineral exploration that had provided $182 million in benefits over the past seven years.
The Junior Minerals Exploration Incentive offers a tax deduction to companies investing in greenfield mineral exploration and is due to expire in June.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
