Financial Risk Management (Tables)

12 Months Ended

Jun. 30, 2024

Summary of Exposure to Foreign Currency Risk

The Group’s exposure to foreign currency risk at the end of the reporting period, expressed in Australian dollar, was as follows:


	June 30, 2024						June 30, 2023
	USD			EUR			USD			EUR
Cash in bank		16,024,380			64,516,106			2,992,306			27,753,499
Trade and other receivables		27,456			5,439,790			125,024			4,265,992
Trade and other payables		(370,607	)		(3,006,610	)		(1,484,954	)		(4,271,655	)

Summary of Credit Quality of Cash and Cash Equivalents

Further, the credit quality of cash and cash equivalents, short term investments and receivables are neither past due nor impaired and can be assessed by reference to external credit ratings:


	June 30, 2024		June 30, 2023
	$		$
Cash at bank and short-term bank deposits excluding restricted cash
Minimum rating of A		181,876,455		123,417,716

Summary of Contractual Undiscounted Cash Flows

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances

due

within 12 months equal their carrying balances as the impact of discounting is not significant.


Contractual maturities of financial liabilities At June 30, 2024	Less than 12 months $		Between 1 and 2 years $		Between 2 and 5 years $		Total contractual cash flows $		Carrying Amount (assets) / liabilities $
Non-Derivatives

Trade and other payables		9,562,165		—		—		9,562,165		9,562,165
Convertible note liability (refer note 16)		—		1,117,255		—		1,117,255		960,763
Lease liability		264,842		175,428		265,907		706,177		640,865

		9,827,007		1,292,683		265,907		11,385,597		11,163,793


Contractual maturities of financial liabilities At June 30, 2023	Less than 12 months $		Between 1 and 5 years $		More than 5 years $		Total contractual cash flows $		Carrying Amount (assets) / liabilities $
Non-Derivatives
Trade and other payables		9,024,600		—		—		9,024,600		9,024,600
Convertible note liability (refer note 16)		—		1,117,255		—		1,117,255		835,446
Lease liability		194,688		212,952		—		407,640		392,822

		9,219,288		1,330,207		—		10,549,495		10,252,868

Summary of Financial Assets and Financial Liabilities Measured and Recognized at Fair Value

The following table presents the Group’s financial assets and financial liabilities measured and recognized at fair value at June 30, 2024 and June 30, 2023 on a recurring basis:


At June 30, 2024	Level 1 $		Level 2 $		Level 3 $		Total $
Financial Assets
Short-term investments		20,086,308		—		—		20,086,308
Total financial assets		20,086,308		—		—		20,086,308
Financial Liabilities
Convertible note liability		—		—		960,763		960,763

Total financial liabilities		—		—		960,763		960,763


At June 30, 2023	Level 1 $		Level 2 $		Level 3 $		Total $
Financial Assets
Short-term investments		—		—		—		—
Total financial assets		—		—		—		—
Financial Liabilities
Convertible note liability		—		—		835,446		835,446

Total financial liabilities		—		—		835,446		835,446

Summary Of Information About Quantitative Information Of Significant Inputs In Fair Value Measurements


Description	Fair Value at June 30, 2024 $		Unobservable inputs	Range of inputs
Convertible note		960,763	Face Value	859,427
			Interest Rate of Note	3%
			Risk adjusted Interest rate	15%