Fitzroy River will pay shareholders a fully franked special dividend of 5.2 cents per share on 21 October, beginning the company’s planned return of excess cash. A separate return of capital remains subject to approvals and a future shareholder meeting.
High Peak Royalties has secured an upfront A$50,000 option fee from Massive Metals for a 12-month exclusive call option to acquire its Admiral Bay royalty rights, with potential to extend for another year and a total acquisition price of A$2 million.