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Equity - Issued Capital (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity - Issued Capital [Abstract] |
Schedule of equity issued capital |
|  | Consolidated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | 2022 |
|  | Shares |  |  | Shares |  |  | Shares |  |  | AUD$ |  |  | AUD$ |  |  | AUD$ |  |  | $ |
Ordinary shares - fully paid |  |  | 1,331,279,665 |  |  |  | 321,936,715 |  |  |  | 257,936,715 |  |  |  | 41,636,762 |  |  |  | 26,504,136 |  |  |  | 22,884,795 |  |  |  | 28,285,844 |
Schedule of movements in ordinary share capital |
Details |  | Date |  | Shares |  |  | Issue price |  |  | AUD$ |  |  | $ |
Balance |  | 1 January 2020 |  |  | 257,936,715 |  |  |  |  |  |  |  | 22,884,795 |  |  |  |  |
Balance |  | 31 December 2020 |  |  | 257,936,715 |  |  |  |  |  |  |  | 22,884,795 |  |  |  |  |
Placement (*) |  | 17 May 2021 |  |  | 64,000,000 |  |  | $ | 0.06 |  |  |  | 3,840,000 |  |  |  |  |
Capital raising costs |  |  |  |  | - |  |  |  | - |  |  |  | (220,659 | ) |  |  |  |
Balance |  | 31 December 2021 |  |  | 321,936,715 |  |  |  |  |  |  |  | 26,504,136 |  |  |  |  |
Issue of IPO shares (net of warrant fair value)(**) |  | 29 August 2022 |  |  | 885,592,950 |  |  | $ | 0.015 |  |  |  | 13,662,563 |  |  |  | 9,281,632 |
Exercise of 450,000 pre-funded warrants |  | 31 August 2022 |  |  | 123,750,000 |  |  | $ | 0.026 |  |  |  | 4,085,533 |  |  |  | 2,775,498 |
Capital raising costs |  |  |  |  | - |  |  |  | - |  |  |  | (2,615,470 | ) |  |  | (1,776,814 | )
Balance |  | 31 December 2022 |  |  | 1,331,279,665 |  |  |  |  |  |  |  | 41,636,762 |  |  |  | 28,285,844 |
| (*) | On 15 July 2021, the Company issued 64,000,000 options to investors in the Company’s May 2021 capital raising. The options have an exercise price of AUD$0.09 ($0.07), expire July 15, 2023.
| (**) | On 24 August 2022, the Company issued 3,220,338 units to shareholders in the Company’s August 2022 Nasdaq listing & IPO. Each unit consists of a single ADS and single pre-funded warrant exercisable to a single ADS. The warrants have an exercise price of AUD$7.36 ($5.00), expire August 24, 2027.
Schedule of changes in share purchase warrants issued |
|  | Number of Warrants |  |  | Weighted Average Exercise Price ($) |
Balance, December 31, 2021 |  |  | - |  |  |  |  |
Issuance of warrants |  |  | 3,381,355 |  |  |  | 5.01 |
August 31, 2022 warrants exercise |  |  | (450,000 | ) |  |  | 5.00 |
Balance, December 31, 2022 |  |  | 2,931,355 |  |  |  | 5.01 |
Schedule of fair value measurements |
|  | Fair value measurements using input type |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Balance as of December 31, 2021 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Warrants issued during the period |  |  | - |  |  | AUD$ | 5,598,835 |  |  |  | - |  |  | AUD$ | 5,598,835 |
Fair value loss (gain) recognized in consolidated statement of profit or loss and other comprehensive income |  |  | - |  |  |  | (3,768,466 | ) |  |  | - |  |  |  | (3,768,466 | )
Transfer upon exercise |  |  | - |  |  |  | (825,609 | ) |  |  | - |  |  |  | (825,609 | )
Translation adjustments |  |  |  |  |  |  | 92,760 |  |  |  |  |  |  |  | 92,760 |
Warrant liability as of December 31, 2022 |  |  | - |  |  | AUD$ | 1,097,520 |  |  |  | - |  |  | AUD$ | 1,097,520 |

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