v3.25.2
Note 7 - Short-term Loan
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Debt Disclosure [Text Block]

7. Short-Term Loan

 

In December 2024 the Company entered into a short-term loan facility to finance its 2025 Insurance Premium. The total amount available and initially drawn down under the facility was A$697,284. The facility is repayable in nine monthly installments which commenced in January 2025 and has an effective annual interest rate of 1.84%. The short-term borrowing is secured by proceeds of or payable under any insurance including proceeds or refunds from the cancellation or termination of any insurance.