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Borrowings | 12 Months Ended
--- | ---
Jun. 30, 2024
Borrowings [abstract] |
Borrowings | Note 17. Borrowings Current liabilities
|  | 2024 |  |  | 2023 |
|  | A$’000 |  |  | A$’000 |
Insurance premium funding |  |  | 634 |  |  |  | 1,796 |
Borrowings related to the annual insurance renewal program. An offsetting prepayment of insurance invoices is included in Prepayments - See Note 14 Other Assets. On 23 October 2023, the Company entered into a securities purchase agreement with an accredited investor, pursuant to which the Company issued a six month unsecured convertible promissory note (the “Note”) in the principal amount of A$ 776,670 (US$ 500,000 ). The Note bears interest at a rate of 10 % per annum. The investor called upon 50 % of the Note and cash of US$253,014 was paid, which represented US$ 250,000 of principal and US$3,014 of interest (total payment of A$ 371,802 ). The investor exercised their option to receive the remaining 50% in ADSs on 20 December 2023, which resulted in 591,697 ADS to be issued. On 19 June 2024, 591,697 ADSs representing 5,916,970 ordinary shares were issued at a price of A$ 0.0643 per ordinary share, which resulted in recognizing gain of A$25,174 through the fair value movement in liability between the exercise date and date the ADSs were issued.

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