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FBR Ltd (ASX:FBR)

ALERT: Price-sensitive ASX Announcement for FBR
Current share price for FBR : $0.079 0.075 (1,875%)+
Announcement
Release
5 Nov 2025 9:52AM
Price at Release
$0.004
Full Release
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Summary
FBR Limited has announced a non-binding Memorandum of Understanding with Fraser Lyne Constructions Pty Ltd for the sale of a Hadrian unit. This agreement involves an initial purchase valued at A$7.8 million, which includes a staged payment process, with a deposit of A$780,000 and final payment due after completion of Factory Acceptance Testing. The agreement also includes a one-year warranty, training, and support provisions for the Hadrian unit. Fraser Lyne, based in New South Wales, aims to use this technology to contribute to addressing the housing shortage in the region.
Key Points
  • FBR Limited has executed a non-binding Memorandum of Understanding with Fraser Lyne Constructions Pty Ltd for the sale of a Hadrian unit.
  • The initial purchase order for one Hadrian unit is valued at A$7.8 million, subject to finalization of specifications.
  • A deposit of A$780,000 is required within 14 days of the definitive agreement execution.
  • The remainder of the purchase price is due within 30 days of successful completion of Factory Acceptance Testing.
  • The agreement includes a minimum 12-month warranty and training for Fraser Lyne personnel.
  • FBR will provide remote IT support and access to ancillary software, including TAD.
  • Fraser Lyne is a construction company based in New South Wales, dealing with residential construction.
  • The agreement aims to address the housing crisis on the Mid North Coast of New South Wales.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.