Papyrus Secures Key Mining Contract as Commercialisation Drive Accelerates

Papyrus Australia Ltd ( (AU:PPY) ) has provided an update.

Papyrus Australia has taken a major step toward commercialisation by finalising a supply contract with TBS Mining Solutions, a subsidiary of Aquirian Limited, under which Papyrus will be the exclusive global producer of a fibre-based biodegradable Collar Keeper product for the mining sector. The agreement, expected to generate about $4.2 million in revenue over an initial 3.5-year term with an option for extension and product supply slated to start in the fourth quarter of FY26, validates the company’s technology and provides a clear revenue pathway while supporting the establishment of production-scale operations and further customer engagement. Complementing this, Papyrus reported strong progress in bringing its Adelaide Rapid Prototyping and R&D Facility close to full operational capability to support prototype development and industry partner engagement, confirmed that all resolutions at its 2025 AGM were carried, noted the discontinuance of legal proceedings brought against it earlier in the year, and disclosed receipt of a net $90,000 benefit from a research and development tax incentive after loan repayments and costs.

More about Papyrus Australia Ltd

Papyrus Australia Ltd is an Australian technology company developing fibre-based, biodegradable product solutions aimed at industrial markets seeking lower-impact alternatives to conventional materials. The company is progressing from technology development into early-stage commercialisation, with a focus on supplying innovative products to sectors such as mining and leveraging its Adelaide Rapid Prototyping and R&D Facility for product validation and scale-up.

Average Trading Volume: 270,223

Technical Sentiment Signal: Sell

Current Market Cap: A$4.93M

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