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Fitzroy River Corporation Limited

ASX:FZR
A$0.320Close 7 Oct 2026 · delayed

Past year: ▲ 88%(15.5c – 32.0c AUD)

Market cap
A$29.1m
Shares on issue
90.8m
In-ground value
A$6.81bn
Risked multiple
under review
Story beats
109 since 2006
Last event
4 Aug 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

4 Sept 2026other● Neutral

Appendix 4G and corporate governance statement lodged with the annual report, confirming the statement is current at 4 September 2026. Compliance paperwork with no new business information.

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4 Sept 2026annual report● Neutral

FY2026: royalty income $593k (FY25 $607k), operating cash flow $199k (FY25 $386k), loss $201k. Cash is $13.2m, including the roughly $12.27m Endura payment held separately pending the Snowy River court case. The report's FY25 loss comparative is $661k, not the $272k reported last year.

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4 Aug 2026admin correction● Neutral

Re-release of the same-day Argonaut appointment announcement for the Bowdens royalty, with the opening reference paragraph about Snowy River removed. No change to terms or substance.

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4 Aug 2026asset acquisition disposition● NeutralMajor

Argonaut appointed adviser to test market interest in selling the Bowdens royalty (2% NSR, reducing to 1% after US$5m). The Board has made no decision to sell and any deal may need shareholder approval.

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5 June 2026material agreement● NeutralMajor

Fitzroy started New Zealand High Court proceedings over the Snowy River royalty, as directors could not conclude the buyout option was validly exercised. It believes the royalty is likely worth materially more than the A$12m received. Escalates the March dispute.

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30 Mar 2026asset acquisition disposition● NeutralMajor

Fitzroy received A$12,265,134 from Tasman (Endura subsidiary) said to exercise its option to buy the Snowy River royalty. Fitzroy is holding it in escrow while checking whether a 'decision to mine' already occurred, which would void the option.

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12 Mar 2026half year report● Neutral

Half-year to 31 December 2025 loss was $127,007 (prior loss $209,518). Royalty income fell 15% to $274,363, all from Weeks; cash rose to $830,812. No dividends or fair value changes.

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4 Sept 2025annual report▼ Bad

FY2025: royalty income $607k (FY24 $725k), loss $272k, cash $750k after the $2,038,765 capital return, net assets $2.8m, no debt. Weeks cost-deduction disputes could reduce future receipts; Woodside takes over Bass Strait operatorship, which may lift production.

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4 Sept 2025other● Neutral

Appendix 4G and corporate governance statement lodged alongside the annual report. Compliance paperwork with no new business information.

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29 May 2025regulatory community update▲ Good

ATO Class Ruling CR2025/37 confirms the 2 cent return of capital paid 13 May 2025 is not a dividend for tax purposes. Resolves the tax-ruling question; individual tax outcomes depend on circumstances.

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30 Apr 2025capital raising announcement▲ GoodMajor

Shareholders approved a return of capital of 2 cents per share, funded from existing cash. It was payable on 13 May 2025 to holders on the 6 May record date, and the company has applied to the ATO for a ruling on its tax treatment.

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31 Mar 2025director officer appointment● Neutral

Director Cameron Manifold resigned effective 31 March 2025. Company Secretary Brendon Morton, in the role since March 2022, becomes a non-executive director.

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13 Mar 2025half year report▼ Bad

Half-year to 31 December 2024 loss was $209,518 (prior profit $153,810). Royalty income fell 27% to $324,080 with Buru still suspended. Cash rose to $2.60m, and a $408,047 fair value loss was booked on investments.

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11 Nov 2024director officer appointment● NeutralMajor

From 2 December 2024 Susan Thomas becomes Chair (a substantial shareholder, not independent) and Mitch Dawney, Managing Director of Dawney & Co, joins as non-executive director. Resolves the succession after McComas's retirement.

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4 Nov 2024director officer appointment● NeutralMajor

Chair Malcolm McComas will retire as director and chairman from 2 December 2024 after 12 years. The board will consider an additional director and a new chair.

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8 Oct 2024security holder rights change● Neutral

Share sale facilities completed: 367,616 shares (0.34%) from 273 holders sold at an average $0.125, cutting shareholder numbers about 36.8% to 469. This resolves the small-holding sale thread, at a price below the $0.135 reference.

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4 Sept 2024other● Neutral

Appendix 4G and corporate governance statement lodged with the FY24 annual report, as ASX rules require. Administrative filing only; no new business information.

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4 Sept 2024annual report▼ BadMajor

FY24 royalty income fell 30% to $725k, with a $72k loss and $216k total comprehensive loss. Cash $2.38m, no debt. Weeks producers have raised cost-deduction disputes that may cut future royalties, and the Bowdens approval was successfully challenged in court in August 2024.

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2 Sept 2024security holder rights change● Neutral

Sale facilities closed: 321,196 shares from 264 holders in the unmarketable parcel sale and 46,420 shares from 9 holders in the voluntary facility will be sold. Sale price is not yet known. Resolves the July 2024 announcement.

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8 July 2024security holder rights change● Neutral

Fitzroy launched a sale facility for holdings under A$500 and a voluntary one for A$500-1,000, using a record-date price of $0.135. It aims to cut the cost of servicing small holdings. Sales are free of brokerage.

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3 June 2024material agreement▲ GoodMajor

Fitzroy signed documents consenting to transfer of the Snowy River royalty to Federation's Tasman on closing of its OceanaGold purchase, due June 2024. Buyout price baseline is about A$11.6m; Federation targets a decision to mine and gold production within two years.

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14 Mar 2024half year report● Neutral

Half-year to 31 December 2023 profit was $54,067 (prior $77,628). Royalty income fell 36% to $441,317, with Buru suspended indefinitely. Cash rose to $2.26m. Investments gained $232,733 in fair value, reversing the prior-period loss.

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5 Feb 2024asset acquisition disposition▲ GoodMajor

OceanaGold signed a US$30m sale of the Snowy River (formerly Blackwater) mine to Federation, expected to complete in 2024. Federation can buy out Fitzroy's 1-3% royalty before a decision to mine for about A$11.5m, against A$5m originally indexed. This advances the decision-to-mine thread.

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15 Sept 2023annual report▼ Bad

FY23 (to 30 June 2023): royalty income $1.04m, down about 20%, profit $139k. A $1.4m investment revaluation loss (net of tax) produced a $1.26m total comprehensive loss. Cash $1.76m, net assets $5.88m, debt free. Buru was suspended about six months.

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15 Sept 2023other● Neutral

Appendix 4G and corporate governance statement lodged with the annual report, as ASX rules require. Administrative filing only; no new business information.

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5 May 2023admin correction● Neutral

Fitzroy withdraws its 24 April 2023 announcement about a missed Appendix 3X, confirming the original was released on 14 April 2021. Administrative correction only.

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4 Apr 2023regulatory community update▲ GoodMajor

Silver Mines announced that the NSW Independent Planning Commission approved Bowdens Silver, with a 23-year mine life. This resolves the long-awaited approvals thread. Fitzroy's 2% net smelter royalty, reducing to 1% after US$5m, now has a path to production.

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13 Mar 2023half year report● Neutral

Half-year to 31 December 2022 profit was $77,628, down from $226,031, though royalty income rose 34% to $684,613. Cash is $1.464m. A $704,188 fall in the value of the Byron and Spark investments went through comprehensive income, not profit.

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2 Mar 2023asset acquisition disposition▲ GoodMajor

Spark, the unlisted company in which Fitzroy holds about 3.09%, agreed to sell its subsidiary holding 50% of the Tuck gas appraisal licence. Fitzroy expects about A$190,000 on completion, but the deal is conditional.

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9 Dec 2022dividend declaration▲ GoodMajor

Fitzroy announced a fully franked special dividend of 0.5 cents per share, with an ex-dividend date of 14 December, a record date of 15 December and payment on 23 December 2022 by direct credit.

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