Past year: ▲ 88%(15.5c – 32.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
24 Apr 2024quarterly activities report▼ Bad
March quarter: Weeks paid $152,726, continuing its decline, and Buru paid nothing while suspended. Bowdens final investment decision is now expected late 2024. Black Mountain delisted on 15 March 2024.
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.
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.
31 Jan 2024quarterly activities report● Neutral
December quarter: Weeks paid $183,051 and Buru $93,266 from the August lifting; Buru operations remain suspended. Federation is exercising its option to buy Snowy River from OceanaGold. Black Mountain asked to be delisted.
27 Oct 2023quarterly activities report● Neutral
September quarter: Weeks paid $216,788 and Buru recorded $93,266 from the 27 August lifting, then suspended operations again. Buru regained full Ungani ownership from 30 September 2023 and completed Rafael 3D seismic. Bowdens feasibility study due early 2024.
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.
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.
6 Sept 2023agm notice● Neutral
The AGM will be held on 1 November 2023. Director nominations close 13 September 2023. Administrative notice only.
31 July 2023quarterly activities report▲ Good
June quarter: Weeks paid $164,342, and there was no Buru royalty while operations were suspended. Buru restarted on 15 May 2023, with full lifting expected late August. Rafael's Declaration of Location was approved after quarter-end, and a floating LNG pre-feasibility study was positive.
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.
14 Apr 2023quarterly activities report● Neutral
March quarter: Weeks paid $221,463, and the company flagged Weeks production may end in about 10-11 years, so the royalty's book value will be reviewed. Buru agreed to take Origin's Canning interests, with Origin funding up to $4m of Rafael seismic. Operations remain suspended.
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.
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.
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.
30 Jan 2023quarterly activities report▼ Bad
December quarter: Weeks paid $304,203. Buru's Ungani operations were suspended after Cyclone Ellie closed roads, and later liftings may be hit. Origin's Canning exit is clouded by a takeover offer for Origin. Bowden's referred to NSW planning commission; special dividend paid.
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.
17 Nov 2022security holder rights change● Neutral
A new constitution was adopted by special resolution at the 17 November 2022 AGM. The extract shows only the contents page, including a proportional takeover bid provision; the specific changes are not stated.
31 Oct 2022quarterly activities report▲ Good
September quarter: Weeks paid $392,767 and Buru's $115,557 followed. Bowden's maiden underground resource is 42.9M oz silver equivalent. Siren completed the Sam's Creek purchase, resolving that thread. Origin plans to exit the Canning Basin. Blackwater decision to mine now late 2023.
31 Oct 2022other● Neutral
Share registry Boardroom changes its Sydney address from 1 November 2022. Administrative notice only.
30 Sept 2022annual report▲ Good
FY22 royalty income rose 87% to $1.291m and profit was $851k, about ten times FY21. Cash is $1.273m, no debt, net assets $7.679m. Weeks royalty drove the increase; the chair sees Buru exploration as possible upside.
30 Sept 2022other● Neutral
Appendix 4G and Corporate Governance Statement for FY2022, dated 30 September 2022 and signed by Company Secretary Brendon Morton. Compliance filing with no new business information.
20 Sept 2022agm notice● Neutral
The AGM will be held on 17 November 2022. Director nominations close 29 September 2022. Administrative notice only.
1 Aug 2022quarterly activities report▼ Bad
June quarter: Origin needs more time to approve Rafael 3D seismic and a further flow test, which could push seismic to the first half of 2023. Buru royalty of about $110,000 is due October. Weeks paid $218,410.
29 Apr 2022quarterly activities report▲ GoodMajor
March quarter: Rafael 1 flow tests were positive, and an independent report (ERCE) points to potential for a major gas resource, following the Currajong dry result. Ungani is cited at about 600 bopd. Buru royalty $88,010 followed; office moved to Gwelup WA.
9 Feb 2022half year report● Neutral
Half-year to 31 December 2021 profit was $226,031, down from $387,289, though royalty income rose $184,336 (56.5%) on better prices. Operating cash flow was $336,484 versus an outflow of $58,445 a year earlier. No significant changes in the state of affairs.
28 Jan 2022quarterly activities report▲ Good
December quarter: Rafael 1 finished drilling with an interpreted 165m gas column, now awaiting flow testing delayed by weather and border closures. Ungani steady at about 800 bopd. Weeks paid $215,017; Buru royalty $75,961 received after quarter-end.
29 Oct 2021quarterly activities report▼ BadMajor
September quarter: Buru's Currajong 1 found no oil and zones appear water-bearing, a setback for the three-well program; Rafael 1 is drilling. Ungani holds about 800 bopd. Weeks paid $201,922; Buru royalty $67,680 followed. Blackwater decline reached 1,752m.
1 Oct 2021annual report▲ Good
Annual Report 2021: royalty income rose 43% to $691k, profit $84k including a $497k accounting gain from a Spark share reorganisation. Cash is $474k with no debt, net assets $6.23M. Chair expects Buru exploration could lift royalties.
