I read that you can claim your loss if the administrator states...

I read that you can claim your loss if the administrator states that there are not sufficient funds to repay all debt and therefore the shareholders will receive nothing at the end of a dissolution.

I assume that by mid-July (end of the extension of the administration) the administrators are required to provide an update about the status:
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Panoramic administrators seek time extension

By Nadia Budihardjo 19/01/2024 - 14:51 Mining

The Federal Court has approved a six-month extension sought by administrators of collapsed miner Panoramic Resources as they examine the dozens of expressions of interest to buy.
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https://www.businessnews.com.au/article/Panoramic-administrators-seek-time-extension