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Financial Risk Management (Tables)
12 Months Ended
Jun. 30, 2025
Statements [Line Items]  
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, 2025
    
June 30, 2024
 
    
USD
    
EUR
    
USD
    
EUR
 
Cash in bank
     10,472,161        1,872,038        16,024,380        64,516,106  
Short term investment
     12,500,366        —         —         —   
Forward contract
     —         18,528,000        —         —   
Trade and other receivables
     —         —         27,456        5,439,790  
Trade and other payables
     (1,777,611      (25,164      (370,607      (3,006,610
Summary of Credit Quality of Cash and Cash Equivalents
    
June 30, 2025
 
  
June 30, 2024
 
    
$
 
  
$
 
Cash at bank and short-term bank deposits excluding restricted cash
     
Minimum rating of A
     129,692,994        181,876,455  
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.
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
Carrying
 
Contractual maturities of financial liabilities
At June 30, 2025
  
Less than
12 months
$
 
  
Between 1
and 2 years
$
 
  
Between 2
and 5 years
$
 
  
Total
contractual
cash flows
$
 
  
Amount
(assets) /
liabilities
$
 
Non-Derivatives
              
Trade and other payables
     10,634,558        —         —         10,634,558        10,634,558  
Convertible note liability (refer note 17)
     1,117,255        —         —         1,117,255        1,104,878  
Lease liability
     230,499        158,259        179,588        568,346        520,304  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
     11,982,312        158,259        179,588        12,320,159        12,259,740  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
 
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
$
 
  
Amount
(assets) /
liabilities
$
 
Non-Derivatives
              
Trade and other payables
     9,562,165        —         —         9,562,165        9,562,165  
Convertible note liability (refer note 17)
     —         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
 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
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, 2025 and June 30, 2024 on a recurring basis:
 
At June 30, 2025
  
Level 1
$
 
  
Level 2
$
 
  
Level 3
$
 
  
Total
$
 
Financial Assets
           
Short-term investments
     62,284,779        —         —         62,284,779  
Derivative financial asset
            9,242        —         9,242  
Total financial assets
  
 
62,284,779
 
  
 
9,242
 
  
 
— 
 
  
 
62,294,021
 
Financial Liabilities
           
Convertible note liability
     —         —         1,104,878        1,104,878  
  
 
 
    
 
 
    
 
 
    
 
 
 
Total financial liabilities
  
 
— 
 
  
 
— 
 
  
 
1,104,878
 
  
 
1,104,878
 
  
 
 
    
 
 
    
 
 
    
 
 
 
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
 
  
 
 
    
 
 
    
 
 
    
 
 
 
Summary Of Information About Quantitative Information Of Significant Inputs In Fair Value Measurements
The following table summarizes the quantitative information about the significant inputs used in level 3 fair value measurements:
 
Description
  
Fair Value at

June 30, 2025

$
    
Unobservable inputs
  
Range of inputs
Convertible note
     1,104,878      Face Value    859,427
      Interest Rate of Note    3%
      Risk adjusted Interest rate    15%