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Fitzroy River Corporation Ltd (ASX:FZR)

ALERT: Price-sensitive ASX Announcement for FZR
Current share price for FZR : $0.255 0.03 (13.33%)+
Announcement
Release
4 Aug 2026 9:42AM
Price at Release
$0.225
Full Release
download
Summary
Fitzroy River Corporation Ltd (ASX: FZR) has appointed Argonaut Corporate Finance Limited as the exclusive financial advisor for the potential divestment of its royalty interest in the Bowdens Silver Project. The royalty is a net smelter return that starts at 2.00% and reduces to 1.00% after receiving US$5 million. This project, located in New South Wales and developed by Silver Mines Limited, sees Fitzroy holding an interest but not operational control. This move aims to gauge market interest and establish the valuation for the asset, though no decision on selling has been finalized. Any transaction would require both Board and shareholder approvals.
Key Points
  • Argonaut appointed as exclusive financial adviser.
  • Potential divestment of Bowdens Silver Project royalty.
  • Royalty is 2.00% net smelter return, reducing to 1.00% after US$5 million.
  • Bowdens Silver Project located near Mudgee, New South Wales.
  • Project owned by Silver Mines Limited; Fitzroy has no operational role.
  • No decision to divest made yet; subject to Board and shareholder approval.
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.