Right Resources draws A$755K R&D loan to fund Tumbarumba exploration
What’s the deal? Right ResourcesDealroom has a profile for this one. Try Dealroom → has secured a A$755,000 (about $522,332) loan facility to fund research and development carried out between February and April 2026.
The debt is tied to the Federal Government’s Research and Development Tax Incentive, bringing forward cash the company expects from its FY2026 R&D refund. It follows an earlier A$930,000 facility, taking total FY2026 R&D funding secured to A$1.685 million.
Why now? The capital is non-dilutive, so shareholders avoid a fresh equity raise to fund the work. For a junior explorer, where the drill bit and the share count are often at odds, that matters.
Right Resources expects to repay the facility once its R&D refund arrives in the second half of 2026. It used the same approach in FY2025, giving investors a precedent, though no guarantee.
The money supports the company’s collaboration with the Centre for Ore Deposits and Earth Sciences (CODES) at the University of Tasmania, a heavyweight in ore deposit research.
That work aims to refine a mineral systems model across the Tumbarumba district in New South Wales, spanning gold systems, gold-copper occurrences, and newly recognised critical minerals potential.
Managing director Graham Howard said early access to the funding provides “non-dilutive capital to accelerate and expand our collaboration with CODES and advance our understanding of the Tumbarumba metallogenic province”.
What could go wrong? Right Resources is still an explorer. There is no declared resource, no mine plan, and no certainty the technical work will translate into an economic discovery.
Its flagship Pilot Project is a high-grade gold target with historical underground production of about 38 grams per tonne, now advancing through maiden diamond drilling.
The portfolio has widened beyond gold. The Blue Prospect tungsten discovery adds a critical minerals angle, while the broader tenure spans 2,177km² across the Tumbarumba and New England regions.
The signal: Right Resources is betting Tumbarumba is a district-scale opportunity, not a single prospect, leaning on R&D tax incentives and academic firepower at CODES to sharpen targeting without diluting holders. With A$1.685 million in FY2026 R&D funding now secured non-dilutively, the early-stage explorer is modelling a financing playbook that other cash-strapped juniors, perpetually caught between the drill bit and the share count, may look to copy.
Read more: The Pick
