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Vox Royalty provides gold royalty updates; sees material progress and further revenue growth

Published: 09:13 18 Aug 2022 EDT

Vox Royalty -
Vox Royalty said it expects organic growth from six to ten or more producing royalties by late 2023

Vox Royalty (TSX-V:VOX) Corp has provided recent development and exploration updates from royalty operating partners Norton Gold Fields Pty Ltd, Northern Star Resources Limited, Black Cat Syndicate Limited, Norwest Minerals Limited, and Tartisan Nickel Corp. (CSE:TN, OTCQX:TTSRF)

“The past two months have seen material progress on certain Vox gold royalty assets, with the opening of the Binduli North gold mine, ongoing construction at the Otto Bore gold mine by Northern Star and meaningful pre-production planning at the Bulong and Bulgera gold toll-treatment projects,” Vox Royalty (TSX-V:VOX) CEO Kyle Floyd said in a statement.

READ: Vox Royalty posts results for second quarter ended June 30, 2022, showing back-to-back record quarterly revenue growth

“This progress continues to support Vox management expectations of organic growth from six to ten or more producing royalties by late 2023 and further revenue growth,” Floyd added.

The precious metals royalty company said the Binduli North heap leach mine in Western Australia, which is covered by the Janet Ivy gold royalty, is expected to unlock annual royalty revenues of A$2 million to A$2.5 million over the mine's approximate 10-year life. 

Vox also noted the Otto Bore gold project in Western Australia is expected to become the company's seventh producing royalty asset, beginning in the second half of 2022.

As well, the company revealed that the Bulong gold project in Western Australia, in which Vox holds an uncapped 1% net smelter royalty (NSR), has been aggressively advanced by Black Cat and is guiding towards potential commencement of toll-treated production from October 2022 onwards.

And, Vox said the Bulgera gold project in Western Australia, in which the company hold an uncapped 1% NSR royalty, is rapidly being fast-tracked towards a development decision with a mining license application expected next quarter.  

Finally, the company reported that the project operator of the Kenbridge nickel-copper project in Canada, in which Vox holds an uncapped 1% NSR royalty, is now guiding towards potential first production in about three years following the recent completion of a positive Preliminary Economic Assessment (PEA) that suggests a potential nine-year mine life.  

Vox Royalty (TSX-V:VOX) is a returns-focused precious metals royalty company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. 

The company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to target the highest return on invested capital in the royalty sector. 

Since the beginning of 2019, Vox has announced 20 separate transactions to acquire over 50 royalties.

Contact Sean at sean@proactiveinvestors.com

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