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Papyrus Australia Limited (ASX:PPY)
ALERT: Price-sensitive ASX Announcement for PPY
Current share price for PPY : $0.008 0 (0%)+
Announcement
Release
28 Jul 2026 9:51AM
Price at Release
$0.008
Full Release
Summary
Papyrus Australia Ltd reported significant progress in the quarter ending June 2026, with notable achievements in the TBS Mining Solutions contract and the execution of a Board Production Contract with a Vietnamese manufacturer. They successfully delivered 200 Biodegradable Collar Keeper samples and continued developing their manufacturing capabilities. Financially, the company raised funds through share placements and loan conversions to support commercialization and TBS contract delivery. The report highlighted ongoing R&D efforts, operational advancements, and capital-raising activities while maintaining a strategic focus on product testing and scaling production capabilities.
Key Points
- Achievement of TBS Mining Solutions contract milestones.
- Execution of Board Production Contract with Vietnamese manufacturer.
- Delivery of 200 Biodegradable Collar Keeper samples.
- Ongoing R&D and product validation at Adelaide facility.
- Capital-raising through shares and loan conversions.
- Focus on scaling production capabilities and product testing.
- Financial expenditures primarily on production trials and R&D.
- Approval of capital-raising initiatives in Extraordinary General Meeting.
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.
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