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High Peak Royalties Limited (ASX:HPR)

ALERT: Price-sensitive ASX Announcement for HPR
Current share price for HPR : $0.091 0.016 (21.33%)+
Announcement
Release
30 Apr 2025 5:10PM
Price at Release
$0.075
Full Release
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Summary
High Peak Royalties Limited released its March Quarterly Report detailing a gross receipt of A$344,751 for the quarter, with net cash receipts of A$90,315. The report included updates on various royalty interests, notably in the Amadeus Basin and Gippsland Basin, highlighting production challenges at the Peat Gas Field. Additionally, a strategic sale of its subsidiary, Torrens Energy, to Northstar Energy was announced, involving a 1% royalty on geothermal production and a share issuance. The company's cash position at the quarter's end stood at A$288,093, and it is now debt-free following the repayment of its Macquarie debt facility.
Key Points
  • Gross receipts of A$344,751 for the March quarter.
  • Net cash receipts of A$90,315 after operating outflows.
  • Cash balances at quarter end were A$288,093.
  • High Peak monitors Amadeus Basin royalties including Jacko Bore and Dukas.
  • No new information from Central Petroleum on farmout discussions.
  • Gippsland Basin Longtom royalty remains under observation.
  • Received A$122,504 from the Peat Gas Field (PL101) royalties.
  • Peat Gas Field production was below historical averages due to being offline for 21 days.
  • Strategic partnership established with Northstar Energy through the sale of Torrens Energy.
  • The sale includes a 1% royalty on geothermal energy produced.
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.