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Fitzroy River Corporation Ltd (ASX:FZR)

ALERT: Price-sensitive ASX Announcement for FZR
Current share price for FZR : $0.350 0.18 (105.88%)+
Announcement
Release
30 Apr 2026 8:01AM
Price at Release
$0.170
Full Release
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Summary
Fitzroy River Corporation Ltd's quarterly activities report for the period ending 31 March 2026 outlines a decrease in royalty income compared to the previous year, with significant cash inflows from the Snowy River Gold Project. The report highlights ongoing developments in the Buru Energy's Rafael Gas Project and outlines potential risks due to geopolitical conflicts and production uncertainties. The company's cash position remains strong with substantial proceeds from royalties and investments.
Key Points
  • Fitzroy River Corporation Ltd reported royalty income of $114,712 for the December 2025 quarter.
  • Total royalty receipts for the year ending 31 March 2026 amounted to $566,449, down from $611,878 in the prior corresponding period.
  • Fitzroy holds a 1% royalty on the Weeks Royalty from the Gippsland Basin.
  • Buru Energy is targeting a Final Investment Decision for the Rafael Gas Project by June 2027 with expected cashflows by late 2028 or early 2029.
  • Fitzroy received $12,265,134 from Endura in connection with the Snowy River Gold Project.
  • The Canning Basin and Lennard Shelf Royalty Deeds provide Fitzroy with royalties over several tenements.
  • Potential risks include geopolitical conflicts affecting oil and gas prices and production interruptions by ExxonMobil & Woodside.
  • Cash inflows for the quarter were $154,698, primarily from royalties and bank interest.
  • The Company’s net cash position at the end of the quarter was $13,151.
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.