Fitzroy River Corporation Ltd (ASX: FZR) reported AU$110,585 in royalty income from the Weeks Royalty, totaling AU$663,149 for the fiscal year. No income was received from the Buru Royalty due to a suspension of operations. The Bowden’s Silver Project secured AU$30.2 million in convertible debenture funding for engineering and pre-construction activities. Post-quarter, Fitzroy acquired the Snowy River Gold Mine, with Federation Mining securing AU$75 million in funding from Australian Super.
The Sam’s Creek Gold Project reported a mineral resource of 9.1 million tons at 2.8g/t Au, totaling 824,000 ounces of gold. Byron Energy delisted from the ASX on July 15, 2024. While Fitzroy's risk profile remains stable, global oil price fluctuations and geopolitical tensions pose potential risks. Additionally, royalty receipts are vulnerable to production interruptions and currency exchange movements. Full details are available on the company’s website.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
