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 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