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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 Sep 2026 9:40AM
Price at Release
$0.009
Full Release
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Summary
Papyrus Australia Limited’s Monthly Activity Report for August 2026 and accompanying Appendix 4C show continued progress in early-stage commercialisation, particularly under its TBS Mining Solutions contract, with revised project milestones agreed on 3 August 2026 to allow production and delivery of additional samples for testing and acceptance, and completion during August of a second production-scale paperboard run incorporating lessons from the first trial; the Adelaide Rapid Prototyping and R&D Facility also expanded pulp production capacity to support initial commercial production needs, while Papyrus filed a provisional Australian patent application on 21 August 2026 for a method of manufacturing moulded fibre products with fibre reinforcement elements, extending its cellulosic fibre technology. Financially, Papyrus secured an additional $500,000 in unsecured loan facilities from professional and sophisticated investors, drew $375,000 in borrowings during the month, and stated these loans are intended, subject to shareholder approval at the 2026 AGM, to convert into Tranche 2 unsecured convertible notes; the company also released its unaudited FY26 Preliminary Final Report for the year ended 30 June 2026. In the Appendix 4C for the month ended August 2026, Papyrus reported net operating cash outflow of $204,000, net investing cash outflow of $173,000, net financing cash inflow of $372,000, and closing cash and cash equivalents of $421,000, with $214,000 of bank balances restricted in Egypt; total available funding was reported at $993,000 including $572,000 of unused facilities, equating to an estimated 4.87 months of funding, and the company said it expects to continue operations based on prior capital raising success, progress on its commercialisation roadmap, and delivery of the previously announced Aquirian contract.
Key Points
  • Monthly Activity Report relates to the month ended 31 August 2026 and was announced on 30 September 2026.
  • Papyrus agreed with TBS Mining Solutions to revise project milestones to allow additional product samples for testing and acceptance.
  • The company completed production of board for the second batch of TBS samples during a second production-scale trial.
  • The Adelaide Rapid Prototyping and R&D Facility increased pulp production capacity to support initial commercial production requirements.
  • Papyrus filed a provisional patent application for moulded fibre product manufacturing with fibre reinforcement elements.
  • Papyrus said the patent application reflects new insights from its R&D facility and may have future structural lightweight product applications.
  • The company secured an additional $500,000 in funding facilities through four unsecured loan agreements.
  • Funds are intended to support commercialisation activities, delivery of the TBS contract and working capital.
  • Papyrus released its FY26 Preliminary Final Report for the financial year ended 30 June 2026.
  • August operating expenditure mainly related to R&D facility operations, product development, commercial-scale production, TBS activities, staff, legal, compliance and corporate overheads.
  • Appendix 4C reported net cash used in operating activities of $204,000 for August 2026.
  • Appendix 4C reported net cash used in investing activities of $173,000 for August 2026.
  • Appendix 4C reported net cash from financing activities of $372,000 for August 2026.
  • Cash and cash equivalents at month end were $421,000.
  • The bank balance included $214,000 held in Egypt by subsidiary PPYM that was restricted.
  • Payments to related parties totalled $14,000, including brokerage and reimbursement of Papyrus-related travel costs.
  • Total financing facilities at month end were $1.978 million, with $1.406 million drawn and $572,000 unused.
  • Estimated funding available was 4.87 months based on month-end cash and unused facilities.
  • Papyrus stated it expects future capital raisings to be successful based on prior funding outcomes.
  • The report notes the Appendix 4C excludes financial information of Papyrus Egypt because the investment had been written down to zero at the end of FY25.
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.