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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.

31 July 2026quarterly activities report● Neutral

June 2026 quarter: gross receipts $249,036, net cash outflow $11,489, closing cash $397,600. Central's Georgina sale of Mt Kitty/Dukas permits was terminated on 6 May 2026, but Central still plans to join the 2027 Mt Kitty/Jacko Bore well. Longtom stays a backfill option in Amplitude's restart.

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30 Apr 2026quarterly activities report● Neutral

March 2026 quarter: gross receipts $185,611, net cash inflow $49,229, closing cash $360,639. Peat averaged 11.4 TJ/day. Georgina's shareholders approved the Central permit acquisition on 20 April 2026; the Admiral Bay option fee of $50,000 is noted.

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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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30 Jan 2026quarterly activities report● Neutral

December 2025 quarter: gross receipts $247,341, net cash outgoings $127,657, closing cash $172,708 after a $200,000 rehabilitation bond was cashed back to South Australia before the Torrens transfer. Central's sale of its Amadeus permits to Georgina Energy is conditional, with a well targeted for mid-2027.

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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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31 Oct 2025quarterly activities report● Neutral

September 2025 quarter: gross receipts $168,176, net cash outgoings $36,835, closing cash $301,209. Peat averaged 11.2 TJ/day. Central is still seeking co-funders for Jacko Bore/Mt Kitty and Dukas; Longtom's restart depends on Amplitude's Orbost plant and a non-binding MOU with SGH Energy.

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8 Oct 2025agm notice● Neutral

HPR will hold its 2025 AGM on 19 November 2025, with director nominations closing 15 October 2025. The portfolio table still shows the geothermal licences at 80.10% pending the Northstar transaction. Administrative notice only.

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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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31 July 2025quarterly activities report● Neutral

June 2025 quarter: gross receipts $345,240, closing cash $335,974. Peat recovered to 9.8 TJ/day. Central says it is in active talks with new parties to fund Amadeus sub-salt exploration. Ministers approved the geothermal environmental reports on 15 April 2025; Torrens Tranche 2 consent is still pending.

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30 Apr 2025quarterly activities report● Neutral

March 2025 quarter: gross receipts $344,751, closing cash $288,093. Peat averaged 6.7 TJ/day because the field was offline 21 days in March. Torrens sale Tranche 1 is complete; Tranche 2 awaits ministerial consent. No new Central or Longtom information.

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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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31 Jan 2025quarterly activities report● Neutral

December 2024 quarter: gross receipts $189,726 (down from $244,490), closing cash $190,180 after the US$750,000 Macquarie debt was repaid. Central's interests in EP112 and EP125 are confirmed returned from Peak Helium. Geothermal environmental reports finalised and sent for consultation; Breakaway Research valued the royalty portfolio.

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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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31 Oct 2024quarterly activities report● Neutral

September 2024 quarter: gross receipts $244,490, net cash outflow $40,127, cash $1,208,589, Macquarie balance US$750,000. Central's farmout talks with a third party are advanced and Peat production stayed above 9 TJ/day. Longtom volumes were verified at over 80PJ.

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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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31 July 2024quarterly activities report▲ Good

June 2024 quarter: gross receipts $292,867, cash $1,282,620, Macquarie balance still US$750,000. Central says Peak Helium is removed from the joint venture and new farmout talks continue, aiming to drill Mt Kitty/Jacko Bore first. EP125 extended 12 months to 6 June 2025.

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30 Apr 2024quarterly activities report● Neutral

March 2024 quarter: gross receipts $242,385, cash $1,214,425, with US$750,000 (A$1,148,194) still owing to Macquarie. Peat royalty receipts were $101,728. No material Northern Territory developments. The geothermal well maintenance fix is completed; the environmental reports and retention applications are still pending.

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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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31 Jan 2024quarterly activities report● Neutral

December 2023 quarter: gross receipts $301,000, cash $1,113,956. US$250,000 of Macquarie principal was repaid, leaving US$750,000. No material Northern Territory developments. AGM approved the Executive Chairman's equity incentives. A geothermal well site visit found no material issues.

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31 Oct 2023quarterly activities report● Neutral

September 2023 quarter: gross receipts $346,000, cash $1,481,000, Macquarie balance US$1.0m. The buy-back cancelled 896,685 shares for $61,000. Peak Helium's exit delays the Northern Territory wells, but HPR keeps its 1% royalty. Geothermal environmental reports are under preparation.

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10 Oct 2023agm notice● Neutral

The 2023 AGM is indicatively set for 16 November 2023, with director nominations closing 17 October 2023. Administrative notice only.

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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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