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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
3 Aug 2026 9:50AM
Price at Release
$0.008
Full Release
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Summary
Papyrus Australia Limited has provided an update on their collaboration with TBS Mining Solutions to develop a biodegradable fibre board for use in TBS's Biodegradable Collar Keeper product. Recent trials have informed ongoing product development, with both companies working together to refine product attributes such as compressive strength. A variation to their existing contract has been agreed, updating project milestones while leaving other terms unchanged. Papyrus will produce additional samples for acceptance testing by TBS, aiming for commercial production and sales. The companies are committed to completing development for a commercial launch.
Key Points
  • Papyrus Australia Limited is progressing towards commercialisation of its biodegradable fibre board with TBS Mining Solutions.
  • Recent product trials are informing the development of the Biodegradable Collar Keeper product.
  • A contract variation has been agreed to update project milestones without changing other commercial terms.
  • Papyrus and TBS will conduct further product sample testing before moving to commercial production.
  • Both companies remain committed to finalising development and commercial launch.
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.