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High Peak Royalties Ltd

ASX:HPR
A$0.105Close 7 Oct 2026 · delayed

Past year: ▲ 75%(4.40c – 10.5c AUD)

Market cap
A$19.8m
Shares on issue
189m
In-ground value
A$5.9m
Risked multiple
0.07×
Story beats
88 since 2007
Last event
17 Apr 2026

Announcements, explained

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

17 Apr 2026material agreement▲ GoodMajor

HPR granted Massive Metals a 12-month call option to buy its Admiral Bay royalty for A$1.2m, and received a A$50,000 option fee. A paid A$200,000 extension would lift the price to A$2.0m. It is a possible sale of a non-core royalty, not yet a sale.

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16 Mar 2026half year report▲ Good

Half-year to 31 December 2025: a $1.64m profit, against a $165,886 loss a year earlier, driven by a $2.0m non-cash gain on the Torrens sale. HPR says it now has no exploration assets, only royalties, and contributed $60,000 in deposits to meet the consent condition.

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24 Dec 2025asset acquisition disposition▲ GoodMajor

The sale of Torrens Energy (SA) to Northstar completed on 24 December 2025 after South Australian ministerial consent. HPR received the second 6.25m Northstar shares, totalling 12.5m, and keeps a 1.0% geothermal royalty. The state also approved a work programme for a 2 MW pilot feasibility study.

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24 Dec 2025director officer appointment● Neutral

David Croll resigned as a director on 24 December 2025 but remains a substantial shareholder. Jarrod White, previously CFO and Company Secretary-linked adviser through Traverse Accountants, became Executive Director. The portfolio now lists the geothermal licences as a 1.0% royalty held via Northstar.

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30 Sept 2025annual report● Neutral

Appendix 4G governance checklist accompanying the 2025 annual report. The governance statement is on the company website, current to 30 September 2025. No new business information.

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30 Sept 2025annual report▼ Bad

Year to 30 June 2025: loss of $477,119, versus a $192,664 loss the prior year. Four royalties generated income, down from five. The geothermal licences are shown at 80.10% ownership, subject to the Northstar transaction. No dividends were paid.

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20 Mar 2025asset acquisition disposition▲ GoodMajor

HPR sold its geothermal subsidiary Torrens Energy to Northstar Energy for 12.5m Northstar shares at $0.16 (about $2m) plus a 1% gross geothermal royalty. Tranche 1 (19.9%) completed; the remaining 80.1% needs South Australian ministerial consent. HPR commits at least $150,000 to a proposed Northstar IPO.

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14 Mar 2025half year report▼ Bad

Half-year to 31 December 2024: loss of $165,886, versus a $92,312 loss a year earlier. Seven royalties generated income. The report records no significant changes in the company's affairs, and no impairment indicators were found.

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30 Jan 2025debt financing▲ GoodMajor

HPR fully repaid its Macquarie facility in December 2024, paying US$750,000 (A$1,171,875) from cash reserves. Macquarie confirmed all obligations, guarantees and security are discharged; some local county-level removals continue. The company says cash covers near-term needs. This resolves its debt, which had a December 2024 maturity.

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27 Sept 2024annual report▼ Bad

Year to 30 June 2024: loss of $192,664, versus a $492,920 profit the prior year. Five royalties generated income. No dividends were paid. The board is unchanged, and the report shows the geothermal licences with the areas applied for to be retained.

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27 Sept 2024annual report● Neutral

Appendix 4G governance checklist accompanying the annual report. The governance statement is on the company website, current to 27 September 2024. No new business information.

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26 Sept 2024joint venture update▲ Good

Central's Amadeus update, relayed by HPR: return of its interests from the defaulted Peak Helium deal is in final government approval. Farmout talks with a 'credible third party' are advanced, with Jacko Bore drilling within 12 months, subject to the farmout. Seismic planned for EP115. HPR keeps its 1% royalty.

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19 Aug 2024regulatory community update▲ Good

HPR reported $128,032 of royalty receipts since 1 July 2024. Seven Group says Longtom, where HPR holds 0.3%, holds over 80PJ of verified gas and has signed an MoU with Cooper Energy. Central says Jacko Bore drilling could start within 6 to 9 months, subject to farmout.

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22 Apr 2024listing compliance notice▼ Bad

HPR told ASX that a director's change-of-interest notice for David Croll, for a 3 April 2024 change, was lodged late by an administrative oversight. It considers its processes adequate but will take further precautions.

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15 Mar 2024half year report▼ Bad

Half-year to 31 December 2023: loss of $92,312, versus a $83,446 profit a year earlier. The report records no significant changes in the company's affairs. Eight royalties generated income in the period; the four geothermal licences remain 100% held.

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3 Oct 2023material agreement termination▼ BadMajor

Central terminated the Peak Helium farmout of EP112 and EP125 after Peak failed to meet statutory demands. Central's interests revert to 45% in Dukas and 30% in Mt Kitty, delaying drilling. HPR keeps its 1% royalty. Receipts since 1 July were $317,109.

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29 Sept 2023annual report▲ Good

Annual report for year to 30 June 2023: profit of $492,920 versus a $758,972 loss the prior year. An August 2023 buy-back cancelled 896,685 small-parcel shares for $60,975. Knowles is listed as Executive Chairman.

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29 Sept 2023annual report● Neutral

Appendix 4G governance checklist accompanying the annual report. The governance statement is on the company website, current to 29 September 2023. No new business information.

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15 Sept 2023admin correction● Neutral

Notice that the Perth office of the share registry, Computershare, moves address from 18 September 2023. No business information.

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31 July 2023quarterly activities report▼ BadMajor

June 2023 quarter gross receipts were A$443,000 and closing cash was A$1,462,850, with US$1.0m still owed to Macquarie. Central said Peak Helium, which had farmed into EP112 and EP125 on 31 March 2023, was over $3m overdue, putting the three sub-salt wells at risk and suspending planning. HPR expected a delay.

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26 July 2023director officer appointment● NeutralMajor

Chairman James Knowles becomes Executive Chairman, on $95,000 a year via his own company, backdated to 1 January 2023. He is also to receive 4 million performance shares (price, deal and dividend hurdles), subject to shareholder approval. The two other directors stay non-executive.

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21 Apr 2023resource reserve update▲ GoodMajor

HPR compiled Central's 18 April resource estimates for the Jacko Bore (EP125) and Dukas (EP112) sub-salt prospects on a 100% basis. It holds a 1.0% royalty over all gas from both. Santos will operate, with drilling targeted for late 2023 or early 2024.

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12 Apr 2023farm in farm out completion▲ GoodMajor

The Peak Helium farmout over Central's Amadeus permits completed on 31 March 2023, with Peak funding two sub-salt wells. Mt Kitty (now Jacko Bore) drilling is planned for 2023/24 and Dukas for 2024, later than the 2023 earlier expected. HPR holds a 1% royalty.

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15 Mar 2023half year report▲ Good

Half-year to 31 December 2022: profit of $83,446 versus a $75,128 loss a year earlier. Eight royalties generated income. The report notes the Macquarie facility as a possible funding source for acquisitions.

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10 Nov 2022director officer appointment● NeutralMajor

James Knowles, a geologist director, replaces David Croll as Chairman, ending the interim arrangement in place since November 2021. Croll stays as a non-executive director. Louisa Ho becomes Company Secretary, while Jarrod White remains CFO.

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30 Sept 2022annual report● Neutral

Annual report for the year to 30 June 2022: loss of $758,972 versus $1,296,837 the prior year. After year-end, Santos withdrew from EP 115 and assigned its 40% to Frontier Oil & Gas, which assumed HPR's royalty there.

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30 Sept 2022annual report● Neutral

Appendix 4G governance checklist accompanying the annual report. The governance statement is on the company website and current to 30 September 2022. No new business information.

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24 Aug 2022material agreement● NeutralMajor

HPR's subsidiary GEO Capital was approved to participate in the Verra registry via the CBL exchange, so it can buy and trade carbon credits. HPR plans to allocate up to $300k over the coming financial period, diversifying beyond oil and gas royalties.

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20 June 2022production update▲ Good

HPR says it is on track for a record year of royalty receipts, with over $800,000 in cash received to 31 May 2022 and cash above $1m. Dukas and Mt Kitty wells are planned for 2023 under the Peak Helium farmout.

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16 Mar 2022half year report▲ Good

Half-year to 31 December 2021: royalty income rose to $437,375 (prior $183,824) and net loss narrowed to $75,128 (prior $304,880). Cash was $735,796 after the US$250,000 Macquarie repayment and the October placement.

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