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Papyrus Australia Limited (ASX:PPY)

ALERT: Price-sensitive ASX Announcement for PPY
Current share price for PPY : $0.009 0.001 (12.50%)+
Announcement
Release
30 Dec 2025 4:06PM
Price at Release
$0.008
Full Release
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Summary
In the Monthly Activity Report for November 2025, Papyrus Australia Ltd announced the finalization of a significant supply contract with TBS Mining Solutions, marking a transition from technology development to early-stage commercialization. This contract includes the exclusive global production of the biodegradable Collar Keeper® product, expected to generate approximately $4.2 million over an initial 3.5-year term, with an option to extend for another three years. The Adelaide Rapid Prototyping and R&D Facility is progressing toward full operational capability, which will facilitate product validation and customer engagement. Financially, Papyrus received a $510k refund under the FY25 R&D Tax Incentive Program. Additionally, all resolutions were passed at the AGM 2025, and legal proceedings against the company were discontinued. The company recorded no related-party payments for the month.
Key Points
  • Finalization of a supply contract with TBS Mining Solutions.
  • Exclusive global producer of biodegradable Collar Keeper® product.
  • Estimated revenue of $4.2 million over 3.5 years.
  • Option to extend the contract for an additional 3 years.
  • Product supply expected to start in Q4 of FY26.
  • Progress in the Adelaide Rapid Prototyping and R&D Facility.
  • Received a $510k R&D Tax Incentive refund.
  • No related-party payments in November.
  • AGM 2025 resolutions were all carried.
  • Legal proceedings against the company were discontinued.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.