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Fitzroy River Corporation Ltd (ASX:FZR)

ALERT: Price-sensitive ASX Announcement for FZR
Current share price for FZR : $0.270 0.045 (20%)+
Announcement
Release
30 Jul 2026 8:52AM
Price at Release
$0.225
Full Release
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Summary
Fitzroy River Corporation Ltd reported on its quarterly activities and cash flow for the quarter ended 30 June 2026. The company highlighted its royalty incomes, particularly from the Weeks Royalty, amounting to $116,897 for the March 2026 quarter and $551,260 for the year to date. Significant issues included legal proceedings concerning the Snowy River Gold Project royalty buyout option validity, with $12,265,134 received from Endura. The study results of the Bowdens Silver Project were released, and the Sam’s Creek Gold Project's mining permit was declined, impacting Fitzroy’s royalty rights. Additionally, Buru Energy is aiming for a 2027 final investment decision on the Rafael Gas Project.
Key Points
  • Fitzroy River Corporation Ltd (ASX: FZR) reported on activities for the quarter ended 30 June 2026.
  • Royalty income from Weeks Royalty amounted to $116,897 for the March 2026 quarter.
  • Total royalty receipts for the 12 months to 30 June 2026 were $551,260 compared to $633,379 in the prior corresponding period.
  • Snowy River Gold Project buyout option by Tasman could be invalid; proceedings commenced in the New Zealand High Court.
  • Bowdens Silver Project's Definitive Feasibility Study results released on 21 July 2026.
  • Cash inflows included $12,265,134 from Endura related to Snowy River Royalty buyout option.
  • Buru targeting a Final Investment Decision for the Rafael Gas Project by June 2027.
  • Sam’s Creek Gold Project's mining permit application was declined, affecting Fitzroy's royalty rights.
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.