From FY2018 report "All bank loans, convertible notes and...

From FY2018 report
"All bank loans, convertible notes and overdrafts were fully repaid during the year. As at 30 June 2018, the company had access to unused loan facility of $9 million with an expiry date of 18 November 2019 and unused overdraft facility of $3 million which is payable and cancellable on demand."

As per above we co. had 9mil of unused bank facility plus overdraft.

Todays announcement:
"Funding The Company wishes to advise the market that, given its current banking covenant arrangements and the revision in guidance noted above, it is unlikely to be able to make any further drawing on the current debt facilities for the balance of FY19. The Company is currently reviewing its capital requirements and determining options to ensure ongoing access to funding."

They haven't said they have used all their available debt, they just noted that banking covenant cant be met. This means that their current contract will need to renegotiate. More than likely it will mean a higher interest rate due to the increased perceived risk from the bank.

Very poorly worded and presented announcement needs more explanation as all it does is raise more questions. That said their underlying assets are undeniable.