As of September 30, 2026, the Company has two lease agreements for its corporate head office and sites located in Melbourne and Perth. The leases have original terms of approximately five and three years, respectively, require monthly payments that may be subject to annual increases, and include certain renewal options. During the year, the Company exercised an extension option relating to its Perth lease. The extension period was included in the measurement of the related right-of-use asset and lease liability as the Company determined it was reasonably certain to exercise the option.

The following table summarizes the weighted-average remaining lease term and discount rates for the Company’s operating leases:

Cash paid for amounts included in the measurement of operating lease liabilities during the three months ended September 30, 2026 and fiscal year June 30, 2026 was $17,000 and $0.2 million respectively, and was included within net cash used in operating activities in the cash flows.

The following table summarizes the future minimum lease payments due under operating leases as of September 30, 2026, (in thousands):


Operating leases						Amount $ (in thousands)
June 30, 2027						53
June 30, 2028						36


Total minimum lease payments						89

Less amount representing interest						(6)

Total operating lease liabilities						83

As of September 30, 2026, the Company’s operating lease has a weighted average remaining lease term of 1.05 years and a discount rate of 9.18%