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Papyrus Australia Limited (ASX:PPY)

ALERT: Price-sensitive ASX Announcement for PPY
Current share price for PPY : $0.008 -0.006 (-42.86%)+
Announcement
Release
21 May 2026 9:55AM
Price at Release
$0.014
Full Release
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Summary
Papyrus Australia Ltd has delivered 200 biodegradable Collar Keeper product samples to TBS Mining Solutions Pty Ltd, marking the completion of Milestone 2 in their manufacturing and supply agreement. These samples were produced using Papyrus' proprietary technology, utilizing virgin agricultural waste pulp. Achievement of this milestone allows for the commencement of formal product testing and larger-scale field trials required for the subsequent Milestone 3. Although Milestone 3 was not achieved by the target date, Papyrus expects to meet it within the allowable cure period. This milestone reflects the scalability of Papyrus' production process and its progress toward commercial supply.
Key Points
  • Papyrus delivered 200 biodegradable Collar Keeper product samples to TBS.
  • Milestone 2 was completed within the cure period despite being late.
  • The product samples were made using Papyrus' proprietary technology.
  • Milestone 2 enables further product testing and field trials for Milestone 3.
  • Papyrus aims to achieve Milestone 3 by 29 July 2026.
  • The project demonstrates progress towards commercial supply.
  • The announcement was approved by the Papyrus Board.
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.