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Fitzroy River Corp. Ltd. ( (AU:FZR) ) just unveiled an update.
Fitzroy River Corporation reported receiving $174,080 in royalty income for the quarter ending December 2024, although total royalty receipts decreased from the previous year. The company is focusing on commercializing its Rafael Gas Discovery and restarting operations at the Ungani Oilfield. The Bowden’s Silver Project is progressing with a $25 million placement, and the company is closely monitoring market risks, including geopolitical instability impacting oil and gas prices. Additionally, Fitzroy is working on the Snowy River Gold Project and the Sam’s Creek Gold Project, with the latter having significant gold reserves.
More about Fitzroy River Corp. Ltd.
Fitzroy River Corporation Ltd (ASX: FZR) is involved in managing and developing royalty rights related to mineral resources. The company focuses on royalties from oil, gas, and mineral projects, with significant interests in the Gippsland Basin, Canning Basin, and Lennard Shelf. Its portfolio includes royalties from various projects such as the Weeks Royalty and the Bowden’s Silver Project.
YTD Price Performance: 1.41%
Average Trading Volume: 4,000
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €8.11M
See more insights into FZR stock on TipRanks’ Stock Analysis page.
