Q4 FY26 report also covers SiNTL’s entry into drone, aerospace and satellite markets, and $8.45 million secured in funding
We’ve released our Appendix 4C activities and cash flow report for the quarter ended 30 June 2026 (Q4 FY26), and it was one of the busiest quarters in our history. We strengthened our balance sheet, signed a potential anchor customer for Aurora, and moved SiNTL out of the laboratory and into the hands of three independent parties for testing.
A new commercial pathway for Aurora
Following the end of the quarter, we announced a heads of agreement with an Australian data centre operator to develop up to 1 gigawatt (GW) of AI data centre infrastructure within the Aurora Energy Precinct. The staged development begins with a 17 MW campus supplied via our existing 33kV network connection, with PV and BESS on the west side, expanding to an approximately 200 MW anchor campus once our proposed 275kV transmission connection is complete on the east side, with a longer-term pathway toward gigawatt-scale deployment. The agreement grants the operator exclusivity over an initial 40-hectare development parcel while we negotiate definitive commercial agreements.
Separately, our approved 140 MW / 280 MWh Stage 1 BESS completed the technical requirements to progress to commercial transmission access negotiations with ElectraNet, following acceptance of generator performance standards by AEMO and ElectraNet.
SiNTL enters drone, aerospace and satellite markets
We established an aerospace and defence division, advised by a board of industry experts, to develop commercial opportunities for SiNTL across drone, UAV and aerospace applications spanning commercial, government and military markets.
We signed a battery evaluation agreement with Ukrainian government-approved defence manufacturer Energia 2000, which produces approximately 72,000 military drones annually, to test SiNTL across multiple UAV platforms through six staged milestones. We also entered a testing and commercialisation agreement with Italian space technology company Orbit Boy to evaluate SiNTL for satellites, launch systems and defence applications. After quarter end, Orbit Boy advised that SiNTL had been selected as the primary energy storage candidate for its planned defence launch vehicles and ARCap satellite servicing module, a selection that requires successful completion of the testing program.
After quarter end, our SiNTL cells exceeded 550 mAh/g across all tested configurations, with optimised formulations recording above 600 mAh/g on initial cycles, around 60% higher power capacity than traditional graphite anode batteries.
Funded to progress multiple workstreams at once
We secured firm commitments for $8.45 million before costs via a placement at $0.10 per share, cornerstoned by Tribeca Investment Partners. After quarter end, we received a further $2 million from the exercise of 14DOA options, and have 276 million in-the-money 14DOA options on issue that, if fully exercised, would deliver an additional $13.8 million in funding.
Peter Yaron, Chief Technology and Operations Officer, commented:
“Moving SiNTL from lab results into independent testing with Energia 2000 and Orbit Boy is a genuine step change for the technology. Combined with the funding to run those programs alongside our scale-up work at George Washington University, we’re now positioned to generate real third-party validation data across drone, satellite and defence applications at the same time, rather than sequentially.”
What’s next
Near-term priorities include commissioning SiNTL scale-up equipment at George Washington University, progressing the Energia 2000 and Orbit Boy testing programs, advancing commercial negotiations under the Aurora data centre heads of agreement, and continuing the Stage 1 BESS transmission connection negotiations with ElectraNet.
Read the full quarterly 4C activities and cashflow report here.