Papyrus Australia Ltd (AU:PPY) has released an update.
Papyrus Australia Ltd reports successful commissioning of Egypt’s National Authority for Military Production facility, ongoing phase two project negotiations, and a strong focus on commercialization with carbon credit modelling and international expansion plans. The company is actively engaged in a consolidation effort to assume full control of its Egyptian operations and is participating in an Industry Growth Program that could lead to future grant funding. Financials for the quarter show expenditures primarily related to staff, consolidation, audit, and overhead costs, with a notable payment for consultancy services.
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