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Papyrus Australia Limited (ASX:PPY)

ALERT: Price-sensitive ASX Announcement for PPY
Current share price for PPY : $0.009 0 (0%)+
Announcement
Release
30 Jun 2026 9:37AM
Price at Release
$0.009
Full Release
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Summary
Papyrus Australia Ltd reported on its May 2026 activities, including the successful delivery of 200 product samples to TBS, marking a significant milestone under their contract. The Adelaide R&D facility worked on optimizing pulp furnish and preparing for scaling up production. Financially, there were no related-party payments, with expenditures focused on sample production and other operational costs. The company reported a net cash outflow of $172,000 from operations and a net gain of $128,000 from financing activities, resulting in $992,000 total available funding, equivalent to 5.77 months of operational cash. Papyrus remains optimistic about its future operations due to previous successful capital raising efforts and revenue from the TBS Mining contract.
Key Points
  • Papyrus delivered 200 Biodegradable Collar Keeper® product samples to TBS, completing Milestone 2 under the TBS Contract.
  • Adelaide R&D Facility focused on pulp furnish optimization and preparation for scale-up to manufacturing.
  • No related-party payments in May 2026; expenditure directed towards sample production and operational costs.
  • Net cash used in operating activities for May 2026 was $172,000.
  • Cash flow from financing activities resulted in a net gain of $128,000 in May 2026.
  • Papyrus has a total of $992,000 available funding, with an estimated 5.77 months of operational cash.
  • The company is confident in continuing operations due to successful past capital raising and a $4.2m TBS Mining contract.
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.