2025

2024

2023

US$(000's)

Administrative expenses

Employee benefits expenses:

Salaries and fees

5,662

3,946

2,518

Severance

3,450

—

—

Cash bonuses

1,768

708

821

Superannuation

223

120

167

Share-based payments expense

5,245

3,785

3,926

Total employee benefits expense

16,348

8,559

7,432

Other expenses:

Insurance

1,413

1,669

2,290

Investor relations costs

602

383

451

Audit and accounting

833

526

337

Travel expenses

508

744

581

Payroll tax

408

187

132

Legal fees

2,961

1,304

1,330

Advisory fees

156

8

6,084

Consultancy costs

2,432

709

1,389

Other expenses

3,324

1,586

1,455

Total other expenses

12,637

7,116

14,049

Depreciation of:

Equipment and furniture

7

19

17

Right-of-use assets

84

84

84

Total depreciation expense

91

103

101

Total administrative expenses

29,076

15,778

21,582