Warrants Liability (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Warrants Liability [Abstract] |
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| Schedule of Unlisted and Listed Warrants |
| | | 30 June
2026
$ | | | 30 June
2025
$ | | | Unlisted warrants (7.00 exp. 7/2/2029) (a) | | | 10,501,959 | | | | 8,165,820 | | | Unlisted warrants ($7.00 exp. 6/10/2031) (b) | | | 57,216,086 | | | | | | | Unlisted warrants ($5.00 exp. 27/02/2027) (c) | | | - | | | | 27,200,000 | | | Unlisted warrants ($5.00 exp. 18/6/2029) (d) | | | - | | | | 2,023,500 | | | Listed warrants ($11.50 exp. 27/2/2029) (e) | | | 27,348,967 | | | | 3,529,803 | | | | | | 95,067,012 | | | | 40,919,123 | | | a) | PIPE Warrants issued on 7 February 2025 | | | b) | PIPE Warrants issued on 6 October 2025 | | c) | Warrants issued on 27 February 2024 with exercise price of $5.00 (subject to adjustments) | | d) | Additional warrants issued to Empery Asset Management LP |
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| Schedule of Warrants Liability |
| | | 30 June
2026
$ | | | 30 June
2025
$ | | | Balance at beginning of year | | | 40,919,123 | | | | 37,864,064 | | | Issue of unlisted warrants PIPE | | | - | | | | 3,104,593 | | | Issue of unlisted warrants PIPE (derivative liability) (b) | | | 34,995,000 | | | | - | | | Exercise of warrants (note 22) | | | (74,519,164 | ) | | | - | | | Settlement of GEM dispute (note 16) | | | (27,200,000 | ) | | | - | | | (Gain)/loss on fair value of warrants (i) | | | 120,872,053 | | | | (49,534 | ) | | Balance at end of year | | | 95,067,012 | | | | 40,919,123 | | | (i) | Comprises loss on fair value of warrants classified as a level 1 measurement ($23,973,908) and loss of fair value of warrants classified as a level 3 measurement ($96,898,145) | | | b) | PIPE Warrants issued on 6 October 2025 |
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| Schedule of Fair Value of the Warrants Granted |
| | | Assumptions | | | Number warrants issued | | | 4,910,000 | | | Dividend yield | | | 0.00 | % | | Expected volatility | | | 80 | % | | Risk-free interest rate | | | 4.325 | % | | Expected life of warrants | | | 4.00 years | | | Exercise price | | $ | 7.00 | | | Implied issue date share price | | $ | 1.90 | | The fair value of the warrants granted is estimated as at 30 June 2026 using the Black and Scholes option pricing model taking into account the terms and conditions upon which the warrants were granted. | | | Assumptions | | | Number warrants issued | | | 1,595,000 | | | Dividend yield | | | 0.00 | % | | Expected volatility | | | 90 | % | | Risk-free interest rate | | | 4.146 | % | | Expected life of warrants | | | 2.60 years | | | Exercise price | | $ | 7.00 | | | Share price at 30 June 2026 | | $ | 10.25 | | The fair value of the PIPE Investor Warrants is estimated as at the date of issue using the Black and Scholes option pricing model taking into account the terms and conditions upon which the warrants were granted. | | | Assumptions | | | Number warrants issued | | | 10,000,000 | | | Dividend yield | | | 0.00 | % | | Expected volatility | | | 87.5 | % | | Risk-free interest rate | | | 3.810 | % | | Expected life of warrants | | | 6.00 years | | | Exercise price | | $ | 7.00 | | | Implied issue date share price | | $ | 7.98 | | As at 30 June 2026 the fair value of the warrants is as follows: | | | Assumptions | | | Number warrants issued | | | 9,990,000 | | | Dividend yield | | | 0.00 | % | | Expected volatility | | | 90 | % | | Risk-free interest rate | | | 4.205 | % | | Expected life of warrants | | | 5.26 years | | | Exercise price | | $ | 7.00 | | | Share price at 30 June 2026 | | $ | 10.25 | | The fair value of the warrants granted is estimated as at the date of grant using the Monte Carlos Simulation (MCS) model taking into account the terms and conditions upon which the warrants were granted. | | | Assumptions | | | Number warrants issued | | | 1,814,797 | | | Dividend yield | | | 0.00 | % | | Expected volatility | | | 75 | % | | Risk-free interest rate | | | 4.5 | % | | Expected life of warrants | | | 3.00 years | | | Exercise price | | $ | 10.71 | | | Issue date share price | | $ | 10.20 | | | | | Assumptions | | | Number warrants issued | | | 1,000,000 | | | Dividend yield | | | 0.00 | % | | Expected volatility | | | 75 | % | | Risk-free interest rate | | | 4.3 | % | | Expected life of warrants | | | 5.00 years | | | Exercise price | | $ | 11.45 | | | Implied issue date share price | | $ | 1.53 | |
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| Schedule of Calibration Allowance |
As at 30 June 2026 the roll-forward of the balance of Calibration Allowance is as follows: | Initial amount of Calibration Allowance as of 6 October 2025 | | | 26,025,000 | | | Amortization of Calibration Allowance related to 10,000,000 warrants outstanding | | | (3,197,211 | ) | | Balance of Calibration Allowance at 30 June 2026 | | | 22,827,789 | |
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