Tag: Royalty Generator

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Base Metals Energy Exclusive Interviews Junior Mining Precious Metals Project Generators

VOX Royalty – A Smart Way to Hedge Inflation Risk

Maurice Jackson:

Joining us for a conversation is Spencer Cole, the Chief Investment Officer of Vox Royalty. Mr. Cole, great time to be speaking with you as Vox Royalty continues to provide shareholders with a smart way to invest in commodities. Before we begin, Mr. Cole, please introduce us to Vox Royalty and the opportunity the company presents to shareholders.

Spencer Cole:

Vox Royalty is a high-growth, precious metals-focused, mining royalty investment company. The company’s been around for eight years, and over those eight years, we’ve built what we believe is the most unique mining royalty investment company in our entire $70 billion industry. We’re consistently delivering the highest rate of return on invested capital at what we believe is the lowest potential portfolio risk level. Particularly for some of your listeners who are concerned about inflation levels at the moment, we think Vox is a really attractive inflation hedge that offers investors high-organic growth with very low risk.

Maurice Jackson:

Last month, Vox Royalty announced some exciting news for shareholders regarding development and exploration updates from your royalty operating partners. This month appears equally exciting, as Vox Royalty has just announced additional key developments which look to strengthen your royalty portfolio. Beginning in Nevada, take us onto the Gold Standard Ventures South Railroad Gold Project, and provide us with an update on the feasibility study, permitting, and construction financing.

Spencer Cole:

The South Railroad Project is a rapidly advancing gold project in Nevada, which is obviously arguably one of the most pro-mining, particularly pro-gold mining jurisdictions on the planet. The operator just provided an update to the market that they’re rapidly approaching completion of the feasibility study, which is targeted for the first quarter of 20222. Upon the completion that feasibility study, they’re going to move straight into construction financing.

Spencer Cole:

Gold Standard Ventures already has one of the world’s largest mining private equity funds, Orion, who’s given them a $200 million term sheet to fund the construction of the mine. They’ll be looking to go back to other investment groups to see where the best source of financing is so going into early 2022, we expect a huge amount of exciting news flow as to how this project is going to be constructed, and then their management has also provided an update that they expect to receive their final permits to start construction of this project within 18 months, so a really exciting gold project that’s rapidly moving towards production over the coming years.

Maurice Jackson:

Speaking of exciting news for next year, let’s go to Black Cat’s Bulong Gold Project, where they’re looking at a first production guidance in 2022. What can you share with us?

Spencer Cole:

This is an exciting royalty within our portfolio for a few reasons, as you mentioned, the Black Cat Syndicate, which is the operator of this Bulong Gold Project, they just reiterated guidance. They’re expecting this gold mine to be in production in the second half of 2022, so investors can look forward to the royalty revenue possibly late next year. But a cherry on the cake, so to speak, with this royalty, is not only is the company actively moving this project forward towards production next year, but they’re aggressively drilling out the land package. On an annualized basis, they’re drilling over 80,000 meters on this land package. So not only are investors looking forward to, I guess, near-term royalty revenues on this property, but also, there’s likely to be a huge volume of discovery news flow over the coming months and quarters as they continue that drilling campaign.

Maurice Jackson:

We’ve covered gold. Let’s discuss silver and platinum group metals, beginning with silver at the Bowdens Silver Project by Silver Mines. How’s their drilling and development campaign coming along?

Spencer Cole:

It’s coming along extremely well. For readers who aren’t aware of the Bowdens Project, it’s the largest primary silver project in all of Australia. On a silver equivalent basis, there are approximately 275 million ounces of silver equivalent resources in the ground here, so just an extremely large ore body. The operator, Silver Mines, is working through final permitting at the moment. They’re also progressing an expansion case, looking at a high-grade underground that would go on top of the open pit operation. We expect that this project is rapidly heading towards a construction decision with final permits in hand next year. The managing director of the operator was recently quoted on Bloomberg as saying he personally believes there’s potential for this ore body to triple in size. So what is already a monstrously large silver deposit, the managing director of the operator thinks there’s a multiple of this potential in the ground, which is even more exciting for our investors.

Maurice Jackson:

Finally, my favorite metals, the Platinum Group Metals. What are the latest developments coming from ValOre?

Spencer Cole:

This is another exciting royalty within our portfolio of 54 royalties, The Pedra Branca Project, is ValOre’s flagship asset, it’s also the largest Platinum Group’s metal project and deposit in all of South America. ValOre has been aggressively drilling this property out, so they’ve been doing approximately a 10,000-meter drilling program this year, and our expectation from management is that they’re preparing for a resource update in the coming months. We look forward to seeing the size of this resource grow, and then for this project to continue to move along down the development pathway towards production over the coming years. So all eyes are on the resource update that we expect in the next few months.

Maurice Jackson:

Mr. Cole, as you look back at 2021 and then forward onto 2022, Vox Royalty, in many regards, has exceeded expectations in terms of your development, discovery drilling, and bolstering your royalty portfolio. Vox Royalty is on track for a record year on moving projects into production. Can you comment further on that?

Spencer Cole:

2021 has been a transformational year in Vox’s eight-year history. We’ve increased the number of producing royalty assets that we have in our portfolio to five. We’ve had record volumes of partner-funded drilling on our royalty properties. We’ve had a record number of projects, I guess, moving forward into sort of development stage as well, supporting the near-term growth potential as well. But then importantly for investors, as we look ahead towards next year, 2022, we expect that a lot of that key organic growth is even going to be outpaced and set to continue going into next year.

Spencer Cole:

Just by way of example, there are three additional projects that we expect to commence production next year that are in varying stages of construction currently. There are four separate feasibility studies that we expect to be released next year. The volume of drilling on our royalty properties, we expect that will achieve a new record in 2022 as well. So for Vox shareholders, they can look forward to a huge volume of organic growth in revenue and underlying development within our royalty properties without any additional capital required to acquire those royalties.

Maurice Jackson:

Now, before we leave the property bank, what is the next unanswered question for Vox Royalty? When can we expect a response and what determines success?

Spencer Cole:

I think as we touched on in our last interview, I think the main catalysts that investors continue to be excited about in Vox is just the organic growth within our portfolio and what that means for our revenue projections. As I touched on, we’ve seen a huge volume of growth on a number of our producing royalties. When we went public last year, we only had one producing royalty asset. And look, that was one criticism of the company, that people wanted us to have more producing assets, and where we stand today, we’ve now got five producing royalty assets. Organically, without spending any additional capital on new royalties, we expect that will increase from five producing royalty assets to 10, and north of 10 by late 2023.

Spencer Cole:

What is the unanswered question is how soon will those new royalty assets come into production and what does that mean for revenue, which has already been growing at quite a substantial rate? I think the great news for our investors is they don’t need to wait a very long time. This is a matter of months and quarters as they continue to see that growth organically within the portfolio, the incremental revenue that’s going to come from those producing operations.

Maurice Jackson:

Let’s look at some numbers. Sir, please provide us with the capital structure for Vox Royalty.

Spencer Cole:

We have a very tight capital structure at Vox. with less than 40 million shares on issue. We are in a net cash position on our balance sheet. Our total working capital is approximately nine million on the balance sheet between cash and listed investments. Vox has very strong balance sheet and we are very, very careful about not issuing stock. We, as management, own about 15 percent of the company, and our family members own additional stock on top of that, so this is very much an investor-led and managed business, where management is fully aligned with our investor group.

Maurice Jackson:

In closing, Mr. Cole, what would you like to say to shareholders?

Spencer Cole:

Thanks for the shareholders’ and listeners’ time today. I’d strongly encourage you to have a look at the Vox Royalty website. We’re on the cusp and continuing to deliver on a strategy that is high growth but low capital intensity, where we’re offering incredible returns at very disciplined prices. Particularly in this inflationary environment that we find ourselves in today, getting exposure to a portfolio of base and precious metal assets, such as Vox has in its portfolio, is a really smart way to hedge inflation risk. So I strongly encourage investors, particularly those that are worried about inflation, to seriously consider having a look at Vox Royalty in more detail.

Maurice Jackson:

Last question, sir. What did I forget to ask?

Spencer Cole:

I believe we’ve covered it all today. 

Maurice Jackson:

Mr. Cole, for readers that wish to learn more about Vox Royalty, please share the contact details.

Spencer Cole:

Please visit our website www.voxroyalty.com.

Maurice Jackson:

Mr. Cole, it’s been a pleasure speaking with you. Wishing you and Vox Royalty the absolute best, sir.

Before you make your next bullion purchase, contact me at 855.505.1900 or email maurice@milesfranklin.com. I’m a licensed representative for Miles Franklin Precious Metals Investments, where we provide a number of options to expand your precious metals portfolio from physical delivery to offshore depositories and precious metal IRAs. Finally, we invite you to subscribe to www.ProvenandProbable.com, where we provide Mining Insights and Bullion Sales.

The information presented on Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information is not intended to be and does not constitute financial, investment or trading advice, or any other advice. You should not make any financial investment or trading decision based on any of the information presented without first undertaking independent due diligence and consultation with a professional broker or competent financial advisor.

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Base Metals Energy Junior Mining Precious Metals Project Generators

Vox Provides Development & Exploration Updates and Renews Normal Course Issuer Bid

TORONTO, Nov. 18, 2021 /CNW/ – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company“), a high growth precious metals focused royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Gold Standard Ventures Corp. (TSX: GSV) (“Gold Standard Ventures“), Black Cat Syndicate Limited (ASX: BC8) (“Black Cat“), Silver Mines Limited (ASX: SVL) (“Silver Mines“), Karora Resources Inc. (TSX: KRR) (“Karora“), ValOre Metals Corp. (TSXV: VO) (“ValOre“), and Quantum Graphite Limited (ASX: QGL) (“Quantum“).

Vox Royalty Corp. Logo (CNW Group/Vox Royalty Corp.)
Vox Royalty Corp. Logo (CNW Group/Vox Royalty Corp.)

Spencer Cole, Chief Investment Officer stated, “We are excited by yet another month of consistent progress across our royalty assets, particularly by the impending release of the South Railroad feasibility study in Nevada and pre-construction progress at Bulong in Western Australia. Our royalty projects continue to exceed Vox management expectations in terms of their pace of development, the volume of discovery drilling and higher likelihood of royalty revenue for Vox. Based on this strong operator progress, Vox management expects that 2022 has potential to be a record year for discovery drilling, engineering studies being released and projects moving into production.”

Key Development Updates

  • Update on feasibility study, permitting and construction financing at the South Railroad gold project in Nevada by Gold Standard Ventures;
  • First production guidance reiterated for H2 2022 at Bulong gold project by Black Cat; and
  • Substantial drilling updates at the Bowdens silver project by Silver Mines, the Higginsville mine by Karora, the Pedra Branca platinum group metals (“PGM“) project by ValOre, and the Uley graphite project by Quantum.

South Railroad (Pre-Feasibility) – Feasibility Study Expected Q1 2022

  • Vox holds a 0.633% net smelter royalty with advance minimum royalty payments over part of the South Railroad gold project, which is located in the prolific Carlin Trend of Nevada;
  • Vox received initial advance minimum royalty payments of ~C$100,000 from the South Railroad royalty in October 2021;
  • On November 10, 2021, Gold Standard Ventures announced:
  • Vox Management Summary: The South Railroad project is advancing in line with Vox management expectations based on due diligence completed for the royalty acquisition in June 2021. The majority of the additional ~350,000 ounces expected in Pinion Phases 4 and 5 are expected to be royalty-linked and to generate meaningful royalty revenue for Vox. 2022 promises to be a transformational year for South Railroad with the release of a feasibility study, construction financing process updates and permitting progress.

Bulong (Pre-Construction) – Production on Track for Second Half of 2022

  • Vox holds a 1% net smelter royalty over part of the Bulong gold project;
  • On October 29, 2021, Black Cat announced:
  • Vox Management Summary: Black Cat management continues to rapidly advance the Bulong project towards first production in 2022 alongside an aggressive +80,000m regional discovery drilling program. Management expects that Vox shareholders can look forward to a combination of development and discovery newsflow regarding this highly prospective gold project in Western Australia over the coming months.

Substantial Drilling Updates

  • Bowdens Silver: Vox holds a 0.85% gross revenue royalty on the Bowdens silver-lead-zinc project and a 1% gross revenue royalty over surrounding regional exploration Tenure.
  • Higginsville Gold (Dry Creek): Vox holds a price-linked production royalty(1) that is equal to A$0.60/gram of gold produced at current gold prices (effective 0.85% net smelter return royalty economics) on part of the Higginsville gold mine held by Karora, covering part of the Hidden Secret, Mousehollow and Paleochannels deposits.
  • Pedra Branca PGM: Vox holds a 1% net smelter royalty on the Pedra Branca PGM project.
  • Uley Graphite: Vox holds a 1.5% gross revenue royalty on the Uley graphite project.
  • Vox Management Summary: Vox is unique in the emerging royalty industry in having ~20 separate royalty projects with active exploration programs, many of which are the flagship asset of their listed operating company. 2022 is shaping up to be a record year of drilling across the Vox royalty asset portfolio, which increases the probability of further discoveries and medium to long term royalty cashflow for Vox.

Normal Course Issuer Bid Renewal

The Company’s normal course issuer bid (“NCIB“) is being renewed after the existing NCIB expires on November 18, 2021. The current NCIB provides Vox with the option to purchase up to 1,628,289 common shares as appropriate opportunities arise from time to time. Under the terms of the renewed NCIB, the Company may repurchase for cancellation up to 1,968,056 common shares, being 5% of the total number of 39,361,137 common shares outstanding as at November 11, 2021. The purchases are to be made at market prices through the facilities of the TSXV or other recognized Canadian marketplaces during the period November 19, 2021 to November 18, 2022.

The Company believes that, from time to time, the market price of its common shares does not reflect the Company’s underlying value and future prospects and that, at such times, the purchase of the Company’s common shares represents an appropriate use of its financial resources and will enhance shareholder value. Independent Trading Group (ITG), Inc. has been appointed by Vox as its broker to assist with purchases pursuant to the normal course issuer bid.

In the last twelve months, the Company has purchased 804,400 common shares pursuant to its NCIB at a weighted average price of C$2.89 per common share through the facilities of the TSXV and other recognized Canadian marketplaces.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a high growth precious metals royalty and streaming 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 become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”.

The forward-looking statements and information in this press release include, but are not limited to, summaries of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of construction at and resource production from various mining projects, expectations regarding the size, quality and exploitability of the resources at various mining projects, future operations and work programs of Vox’s mining operator partners, the receipt of future royalty payments derived from various royalty assets of Vox, anticipated future cash flows and future financial reporting by Vox, requirements for regulatory approvals and the ability and intention of the Company to make a normal course issuer bid and to repurchase its common shares for cancellation.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Technical and Third-Party Information

Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox’s royalty interests. Vox’s royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

References & Notes:

  1. The Dry Creek royalty rate is A$0.12 per gram of gold per dry metric tonne of royalty ore, which is defined as mineralised material mined from the applicable tenements which contains an average grade greater than 1 gram of gold per dry metric tonne and not classified as waste or low grade, and the royalty is adjusted monthly as follows:

SOURCE Vox Royalty Corp.

Cision
Cision

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Vox Royalty Corp. Logo (CNW Group/Vox Royalty Corp.)
Categories
Base Metals Emx Royalty Energy Junior Mining Precious Metals

EMX Increases Private Placement to C$ 21.45 Million

Vancouver, British Columbia–(Newsfile Corp. – November 2, 2021) – EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the “Company“, or “EMX“) is pleased to announce that its private placement announced October 1, 2021 of up to 5,000,000 units at C$ 3.30 each for gross proceeds of up to C$ 16,500,000 has been oversubscribed and increased up to 6,500,000 units for C$ 21,450,000. The placement is expected to close on Friday, November 5, 2021.

The units will consist of one common share of the Company and one-half of one transferable warrant. Each whole warrant will entitle the purchase for two years of one common share at C$ 4.00 in the first year and C$ 4.50 in the second year.

Eligible finders will be paid a 6.0% cash commission and issued that number of non-transferable compensation warrants equal to 6.0% of the number of units sold to investors introduced by them. Each compensation warrant will entitle the purchase for one year of one common share of the Company for C$ 3.50.https://s.yimg.com/rq/darla/4-9-0/html/r-sf-flx.html

The placement is subject to stock exchange final approval.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any U.S. state securities laws and may not be offered or sold within the “United States” or to “U.S. Persons” (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable U.S. state securities laws, or an exemption from such registration is available.

About EMX. EMX is a precious, base and battery metals royalty company. EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies. The Company’s common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol EMX, as well as on the Frankfurt exchange under the symbol “6E9”. Please see www.EMXroyalty.com for more information.

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Dave@EMXroyalty.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
SClose@EMXroyalty.com

Isabel Belger
Investor Relations (Europe)
Phone: +49 178 4909039
Ibelger@EMXroyalty.com

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain “forward looking statements” that reflect the Company’s current expectations and projections about its future results. These forward-looking statements may include statements regarding completion of the transaction, perceived merits of properties, exploration results and budgets, mineral reserves and resource estimates, work programs, capital expenditures, timelines, strategic plans, market prices for precious and base metal, or other statements that are not statements of fact. When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”, “upside” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors. It is possible EMX may not complete the transaction, as a result of failure to fulfill conditions of closing, unavailability of financing or for other reasons EMX cannot anticipate at this time.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the quarter ended June 30, 2021 and the year ended December 31, 2020 (the “MD&A”), and the most recently filed Revised Annual Information Form (the “AIF”) for the year ended December 31, 2020, actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC’s EDGAR website at www.sec.gov.

Not for distribution to United States newswire services or for dissemination in the United States.

Categories
Base Metals Energy Junior Mining Precious Metals

Vox Announces Q3 2021 Revenues and Multiple Royalty Production Records

TORONTO, Nov. 2, 2021 /CNW/ – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company“), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021.

Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were inline in spite of a significant reduction in realised iron ore pricing at Koolyanobbing.

Quarterly, year to date, and annual revenue guidance figures are summarized in the below table:

 Three months endedSeptember 30, 2021Nine months ended
September 30, 2021
(Fiscal 2021 YTD)		2021 Annual
Guidance
Royalty revenue (C$)$1,558,800$3,856,000$4,000,000 – $5,000,000
Royalty revenue (US$)$1,223,400(1)$3,077,500$3,200,000 – $4,000,000

Kyle Floyd, Chief Executive Officer stated: “We are pleased to announce another quarter of strong royalty revenue and multiple royalty-linked production records at Higginsville and Koolyanobbing. The Vox portfolio remains on track to deliver revenue at the higher end of our expectations, even in light of revenue guidance doubling in July 2021. Further, we anticipate first royalty revenue from our Segilola asset during Q4/Q1, following the achievement of commercial production at Segilola in October. The coming quarters present even more value accretive developments for Vox shareholders to look forward to, as we continue our industry leading organic growth trajectory from 5 to 10 producing assets by late 2023.”

About Vox

Vox is a high growth precious metals royalty and streaming 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 become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.  

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.

The forward-looking statements and information in this press release include, but are not limited to Vox’s anticipated outlook for the 2021 fiscal year, completion of certain anticipated milestones, transactions and developments by the operators of certain underlying projects and mines in respect of Vox’s royalty and stream portfolio, anticipated future cash flows, future financial reporting by Vox, the receipt of payments from Vox’s mining royalty and streaming portfolio, the requirements for regulatory approvals and third party consents, and the completion of mine construction, production and expansion under construction phases at the mines or properties that Vox holds an interests in.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing list of material factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notes:
(1)These figures have not been audited and are subject to change. As the Company has not yet finished its quarter-end close procedures, the anticipated financial information presented in this press release is preliminary, subject to final quarter-end closing adjustments, and may change materially.

SOURCE Vox Royalty Corp.

Categories
Energy Junior Mining Precious Metals Project Generators Uncategorized

Vox Provides Development and Exploration Updates From Operating Partners

TORONTO, ON / ACCESSWIRE / October 20, 2021 / Vox Royalty Corp. (TSXV:VOX)(OTCQX:VOXCF) (“Vox” or the “Company“), a high growth precious metals focused royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Thor Explorations Ltd. (THX) (“Thor“), Jangada Mines plc (JAN) (“Jangada“), Kalamazoo Resources Limited (KZR) (“Kalamazoo“), Genesis Minerals Limited (GMD) (“Genesis“), and ValOre Metals Corp. (VO) (“ValOre“)

Spencer Cole, Chief Investment Officer stated, “The past month has delivered a number of key developments at projects linked to Vox’s royalty portfolio, including commercial production at Segilola, feasibility study progress at Pitombeiras, and further drilling success at Ashburton, Puzzle North and Pedra Branca. These operator developments are representative of Vox’s innovative event-driven acquisition model, designed to selectively acquire royalties immediately prior to major project developments that have a material impact on value.”

Key Development Updates

  • Commercial production milestone achieved at the Segilola Gold Mine by Thor;
  • Update on the near-term preparation of the Definitive Feasibility Study on the Pitombeiras vanadium project by Jangada;
  • High-grade drilling results at the Ashburton Gold Project by Kalamazoo;
  • Significant new wide, shallow drilling results from emerging Puzzle North discovery by Genesis; and
  • High-grade drilling results at the Pedra Branca platinum-group-elements (“PGE“) project by ValOre.

Segilola (Producing) – Commercial Production Milestone Achieved

  • Vox holds a 1.5% net smelter return royalty over the Segilola gold mine, capped at US$3.5M;
  • On October 5, 2021, Thor announced that commercial production had been achieved at the Segilola Gold Mine, highlighting:
    • First gold pour in July 2021;
    • The mine is fully operational and operating at the target daily mine production rate; and
    • the process plant is operating in-line with its design throughput capacity of 715,000 tonnes per annum.
  • Vox Management Summary: Based on production guidance from Thor issued on March 29, 2021, which forecast production of 46,000 ounces of gold in 2021 and 109,000 ounces of gold in 2022, Vox management estimates that total pre-tax royalty revenues of US$3.5M will be receivable within the first two full years of production.

Pitombeiras (PEA Stage) – Feasibility Study Expected in Q4 2021

  • Vox holds a 1% net smelter return royalty over the Pitombeiras vanadium-iron ore project;
  • On September 30, 2021, Jangada announced the following:
    • It has appointed an independent engineering advisory company to prepare a NI 43-101 compliant definitive feasibility study, which is expected to be completed in Q4 2021;
    • Having been granted a trial mining license to initiate the extraction of ferrovanadium from the Pitombeiras project through an open pit mine operation, Jangada hopes to fast-track the project to early production; and
    • Brian McMaster, Executive Chairman of Jangada, said: “Since its discovery in 2019, we have made significant progress in developing this exciting ferrovanadium deposit and have a high level of confidence in fast-tracking the Project to production. With the Project substantially de-risked and having demonstrated its robust economics during the Preliminary Economic Assessment stage, we are now working on the final details of the FS and look forward to providing further updates in due course.”
  • Vox Management Summary: Pitombeiras has been fast-tracked from discovery to feasibility in less than 3 years, which typically takes 6 – 10 years for most mining projects. This rapid progress is a testament to Jangada Mines’ management team and related stakeholders. Initial production and royalty revenue in 2022 looks increasingly likely given the current pace of development.

Ashburton (Exploration) – High Grade Drilling Results

  • Vox holds a 1.75% gross revenue gold royalty (>250koz cumulative production) on the Ashburton gold project;
  • On October 5, 2021, Kalamazoo announced:
    • It has completed its 14,772m drill program at the Ashburton gold project;
    • Drilling to the north-west and south-east of the Waugh Deposit has extended the moderate to high-grade mineralisation zone in the northern section of the Ashburton Gold Project to 2.5km long (“Waugh Zone“);
    • Stand out drill results have been received from several prospects across the Waugh Zone showing intercepts of moderate to high grade mineralisation including:
      • 5m @ 7.37g/t Au from 93m including 2m @ 13.58g/t Au from 93m (KARC0065);
      • 2m @ 9.49g/t Au from 40m including 1m @ 17.85g/t Au from 40m (KARC0122);
      • 8m @ 3.56g/t Au from 1m including 1m @ 7.25g/t Au from 6m (KARC0015);
      • 7m @ 2.07g/t Au from surface including 5m @ 2.75g/t Au from surface (KARC0016);
    • Significant new gold mineralisation discovered at the Annie Oakley Prospect at the north-western end of the Waugh Zone included drill assays from two holes 240m apart returning 8m @ 3.56g/t from surface (KARC0015) and 2m @ 9.49g/t Au (including 1m @ 17.85g/t Au (KARC0122)) from 40m;
    • Shallow conglomerate hosted gold mineralisation at Annie Oakley shares many similarities with the nearby Mt Olympus deposit and supports Kalamazoo’s aim to substantially increase the shallow oxide resources at the Ashburton Gold Project;
    • Several thick >1oz/t Au intercepts from historical drilling at the Waugh Deposit undertaken by Sipa Resources (ASX: SRI) in 2002 and thick moderate to high-grade down plunge intercepts by Northern Star Resources (ASX: NST) in 2012 and Kalamazoo in 2020 confirms the considerable high-grade potential of the 2.5km long Waugh Zone; and
    • Plans to commence an extensive drill program at Ashburton in early 2022.
  • Vox Management Summary: The drilling success that has extended the moderate to high-grade mineralisation zone in the northern section of the Ashburton project to 2.5km long indicates that Kalamazoo management’s exploration target of 2Moz – 3Moz is potentially achievable. We look forward to further newsflow on Kalamazoo’s development studies which are progressing in parallel with exploration drilling.

Kookynie (Pre-Feasibility) – Puzzle North Discovery Drilling Results

  • Vox holds a A$1/t production royalty on part of the Kookynie gold project(1);
  • On October 14, 2021, Genesis announced:
    • Strong new results from Reverse Circulation (“RC“) and diamond drilling continue to confirm the potential to expand the 1.6Moz Mineral Resource at the Ulysses Gold Project near Leonora in WA;
    • It has completed a further 6,150m RC drilling and 433m diamond drilling at the royalty-linked Puzzle North project;
    • Broad zones of strong gold mineralisation were intersected from shallow depths in RC and diamond drilling at the emerging Puzzle North Prospect, including:
      • 44.1m @ 3.51g/t gold from 58.9m (21USDH0184), including 10.2m @ 10.6g/t gold from 67.8m;
      • 29m @ 4.26g/t gold from 28m (21USRC1038), including 4m @ 18.39g/t gold from 32m;
      • 28.0m @ 1.99g/t gold from 161m (21USDH0184);
      • 32m @ 1.42g/t gold from 58m (21USRC1013), including 5m @ 5.14g/t gold from 84m;
    • Drilling at Puzzle North has been completed over 500m of strike with the mineralisation remaining open both at depth and along strike. The northernmost hole, 21USRC1026, has returned an intercept of 11m @ 2.13g/t gold from 38m down-hole; and
    • Genesis Managing Director Michael Fowler said: “Drilling will resume here [at Puzzle North] in November to in-fill and extend the mineralised zone, allowing us to bring this exciting new discovery into our Mineral Resource inventory by the end of the year.”
  • Vox Management Summary: The high gold grades and broad intersections of this drilling suggests that the Puzzle North discovery has strong potential to host an economic orebody. Vox management believes that if Puzzle North is included in the broader Ulysses project feasibility study this potential orebody could be fast-tracked towards a construction decision within 12 months.

Pedra Branca (Preliminary Economic Assessment) – High Grade Drilling Results

  • Vox holds a 1% net smelter return royalty on the Pedra Branca PGE project;
  • On October 4, 2021, ValOre announced:
    • Recent drilling returned high-grade, shallow PGE mineralized intercepts including:
      • 7m at 2.95g/t 2PGE+Au from surface, including 45m at 4.76g/t 2PGE+Au, 0.1g/t Rh from 16m, and 6.4m at 16.92g/t 2PGE+Au and 0.52g/t Rh from 30m (DD21ES15C);
      • 49m at 2.03g/t 2PGE+Au from 19m, including 4.6m at 11.94g/t 2PGE+Au, 0.25g/t Rh from 23.68m (DD21CU12A);
      • 77m at 1.01g/t 2PGE+Au from surface (DD21PBE30A);
      • 47m at 1.51g/t 2PGE+Au from surface (DD21CU12A); and
    • Metallurgical testwork is expected to commence in mid-October, with a primary focus on mineralogy and conventional processing circuits.
  • Vox Management Summary: These drilling results are some of the highest grade and broadest zones drilled to date at the Pedra Branca project. We look forward to the release of a resource update by ValOre in the coming months, particularly following recent exploration success at the Trapia 1 and Trapia 2 target areas, given their geological strike lengths have increased by factors of three and five respectively.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a high growth precious metals royalty and streaming 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 become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.

For further information, contact:

Spencer Cole
Chief Investment Officer
spencer@voxroyalty.com

Kyle Floyd
Chief Executive Officer
info@voxroyalty.com

Cautionary Note Regarding Forward-Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”.

The forward-looking statements and information in this press release include, but are not limited to, summaries of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of construction at and resource production from various mining projects, expectations regarding the size, quality and exploitability of the resources at various mining projects, future operations and work programs of Vox’s mining operator partners, the receipt of future royalty payments derived from various royalty assets of Vox, anticipated future cash flows and future financial reporting by Vox and requirements for regulatory approvals.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Technical and Third-Party Information

Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox’s royalty interests. Vox’s royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

References & Notes:

  1. Kookynie Royalty is split in two separate terms:
    a. Kookynie (Melita) Royalty – which covers the Puzzle Deposit: A$1/t production royalty >650Kt cumulative ore mined and treated.
    b. Kookynie (Consolidated Gold) Royalty – which covers the Puzzle North Discovery: A$1/tonne (for each Ore Reserve with a gold grade <= 5g/t Au), for grades > 5g/t Au royalty = ((Ore grade per Tonne – 5) x 0.5)+1).

SOURCE: Vox Royalty Corp.

Vox Royalty Corp.

Vox Royalty Corp.Request Changes Approve

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Categories
Base Metals Energy Junior Mining Precious Metals Project Generators

Vox Provides an Update for the Janet Ivy Gold Mine and Files a Technical Report on SEDAR

TORONTO, Oct. 5, 2021 /CNW/ – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company“), a high growth precious metals focused royalty company, is pleased to announce an update on the producing Janet Ivy Gold Mine (“Janet Ivy“) in Western Australia, controlled by Norton Gold Fields Pty Ltd. (“Norton“); a subsidiary of Hong Kong and Shanghai-listed, Zijin Mining Group Co., Limited (“Zijin“). Vox holds an uncapped A$0.50/tonne production gold royalty over Janet Ivy, which forms the core of Zijin’s Binduli North heap leaching expansion project (“Binduli North“).

In addition to the Janet Ivy acquisition announcement by Vox on March 29, 2021, Vox has now filed on SEDAR a technical report, “NI 43-101 Technical Report, Janet Ivy Gold Mine (M26/446), Western Australia, Australia” dated October 5, 2021 by Kangari Consulting LLC.

According the Zijin’s latest public disclosures, the Binduli North expansion is targeted for completion as early as March 20221, which was the key near-term catalyst that Vox management anticipated when the royalty was acquired in March 2021. Vox congratulates Zijin on rapidly advancing the project to the commencement of construction in June 2021 and now looks forward to reaching the expansion completion milestone.

Riaan Esterhuizen, Executive Vice-President – Australia stated, “The Binduli expansion was the key near-term catalyst that Vox management anticipated when we acquired the Janet Ivy royalty in March 2021. The Binduli North heap leach expansion is expected to re-rate Janet Ivy royalty revenues from 2022 onwards. This royalty has the potential to generate A$1.5M – A$2.5M of annual revenues from Binduli North production on average across the life of mine and assuming a target production rate from Norton Gold of 5Mtpa from Binduli North.”

Asset Overview – Janet Ivy Gold Mine

Janet Ivy is located on mining lease, M26/446 and is located 10km to the west of Kalgoorlie. The deposit has been mined since 2017 as an open-cut mine to supplement baseload ore feed from the Enterprise open pit mine for the Norton-owned 3.7Mtpa Paddington Mill.2

On April 28, 2020, Zijin announced that the Zijin Board of Directors had approved the construction of the Binduli 15Mtpa heap leaching project, with the first phase at Binduli North expected to be completed and first production to commence in March 20221. The Vox royalty-linked tenure covers the core of Binduli North, including the full Janet Ivy resource as well as portions of the Fort William, Karen Louise and Fort Scott deposits (Figure 1).

In December 2020, Norton submitted a Mining Proposal (prepared by Talis Consultants Pty Ltd) to the Western Australian Environmental Protection Authority for the permitting of the Binduli North heap leach expansion, which proposed a 5Mtpa mining operation over 9 years from the Janet Ivy, Fort William, Karen Louise and Fort Scott pits.3 This Mining Proposal and an associated Application for Works Approval were approved by the Department of Water and Environmental Regulation on July 22, 2021 (Works Approval Number W6504/2021/1).4

On August 1, 2021, Zijin announced that the project design, application for permits and licenses and other preparatory work for Binduli North have been completed and that the construction had commenced in June 2021, that applications for permits and licenses for Binduli South heap leaching project is being studied and taking place, that after completion of all the Binduli construction work and upon reaching designated production capacity, approximately 7 tonnes of gold (approximately 225,000 ounces) can be produced in peak years, that the total capital cost of the combined Binduli expansion (5Mtpa Binduli North + 10Mtpa Binduli South) is A$462 million, and that investment in the project during the first half of 2021 was RMB 0.43B (A$90 million).5

Figure 1: Janet Ivy royalty tenure M26/446 in relation to Binduli North and Binduli South. (CNW Group/Vox Royalty Corp.)
Figure 1: Janet Ivy royalty tenure M26/446 in relation to Binduli North and Binduli South. (CNW Group/Vox Royalty Corp.)

Based on a Mining Proposal submitted to the Western Australian EPA in December 2020, the Binduli North expansion is a 5Mtpa heap leach project that is expected to mine 41Mt @ 0.6g/t Au over a 9 year mine life. The project covers the following royalty-linked deposits, that are approximately 85% royalty linked:

Table 1: Mining Design Results as of December 2020 (Source: Talis 2020) (CNW Group/Vox Royalty Corp.)
Table 1: Mining Design Results as of December 2020 (Source: Talis 2020) (CNW Group/Vox Royalty Corp.)

For more information on Janet Ivy, please visit the Norton website at https://nortongoldfields.com.au/janet-ivy/.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting Limited and a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a high growth precious metals royalty and streaming 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 become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”.

The forward-looking statements and information in this press release include, but are not limited to, a summary of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of resource production from the project, expectations regarding the size, quality and exploitability of the resources associated with the project, future operations and work programs of Vox’s mining operator partner, the receipt of future royalty payments derived from the royalty asset, anticipated future cash flows and future financial reporting by Vox and requirements for regulatory approvals.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing list of material factors is not exhaustive. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Technical and Third-Party Information

Except where otherwise stated, certain disclosure in this press release is based on information publicly disclosed by third parties (including but not limited to mining project operators and government departments) based on the information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox’s royalty interests. Vox’s royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

Technical References & Notes:

1Zijin Mining Group Co., Limited Hong Kong Stock Exchange News Release titled “Announcement in relation to Plan to Expand Gold Production of Longnan Zijin and Norton Gold Fields” dated 28 April 2020 https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0428/2020042802915.pdf
2Norton Gold Fields Pty Ltd website: https://nortongoldfields.com.au/janet-ivy/
3Western Australia Department of Mines, Industry Regulation and Safety: https://geodocs.dmirs.wa.gov.au/Web/documentlist/9/EARS_regi_id/92737
4Western Australia Department of Water and Environmental regulation:
https://www.der.wa.gov.au/component/k2/itemlist/filter?fitem_all=binduli+north&array26%5B%5D=Works+approval&searchword34=5+-+Processing+or+beneficiation+of+metallic+or+non%E2%80%91metallic+ore&moduleId=94&Itemid=175
5Zijin Mining Group Co., Limited Hong Kong Stock Exchange News Release titled “Unaudited Interim Results for the Six Months Ended 30 June 2021” dated 1 August 2021 https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0801/2021080100043.pdf
Vox Royalty Logo (CNW Group/Vox Royalty Corp.) (CNW Group/Vox Royalty Corp.)
Vox Royalty Logo (CNW Group/Vox Royalty Corp.) (CNW Group/Vox Royalty Corp.)

SOURCE Vox Royalty Corp.

Categories
Base Metals Energy Junior Mining Precious Metals

Vox Provides Exploration Updates From Operating Partners

TORONTO, Sept. 28, 2021 /CNW/ – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company“), a high growth precious metals focused royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Gold Standard Ventures (TSX: GSV) (“Gold Standard Ventures“), Genesis Minerals Limited (ASX: GMD) (“Genesis“), Metalicity Limited (ASX: MCT) (“Metalicity“), Black Cat Syndicate Limited (ASX: BC8) (“Black Cat“) and Norwest Minerals Limited (ASX: NWM) (“Norwest“).

Vox Royalty Logo (CNW Group/Vox Royalty Corp.)
Vox Royalty Logo (CNW Group/Vox Royalty Corp.)

Riaan Esterhuizen, Executive Vice President – Australia stated, “The past month has been highly productive for Vox’s operating partners, with significant exploration activity across 18 separate royalty assets. Active drilling at the South Railroad, Kookynie, Bulong and Bulgera gold projects continues to unlock value for Vox shareholders by re-rating the development probability of these projects. Of particular note, the infill drilling at South Railroad and Bulong continues to support the medium-term development plans for these exciting gold projects.”

Summary of Development and Exploration Updates

  • Drilling success at Dark Star gold deposit by Gold Standard Ventures;
  • Kookynie gold projects:
  • High-grade drilling results at Kal East Gold Project by Black Cat, which includes Bulong royalty-linked deposits; and
  • Commencement of drilling programme at the Bulgera gold project by Norwest.

South Railroad (Pre-Feasibility) – Dark Star Exploration Success

  • Vox holds a 0.633% net smelter royalty with advance minimum royalty payments over part of the South Railroad project;
  • On September 13, 2021, Gold Standard Ventures announced:
  • Additional work on the South Railroad feasibility study is ongoing, comprising technical trade-off studies, metallurgical testwork and in-fill drilling at the Pinion deposit, with the goal of adding 300,000+ ounces of royalty-linked contained gold to existing mineral reserves to the mine plan, to be known as “Pinion Phase 4”, as summarised in Gold Standard Ventures’ September 2021 corporate presentation.
  • Vox Management Summary: The upcoming South Railroad feasibility study is likely to include significantly more royalty-linked reserve ounces, based on ongoing drilling success, and support the likelihood of a development decision on this Nevada gold project within the next 12 – 18 months.

Kookynie (Pre-Feasibility) – Equity Raising for Exploration and Feasibility and Strong Drilling Results

  • Vox holds a A$1/t production royalty on part of the Kookynie gold project(1);
  • On August 24, 2021, Genesis announced:
  • On September 22, 2021, Genesis announced an equity funding package totalling A$20.8M and appointment of former Saracen Mineral Holdings and Northern Star Resources Managing Director Raleigh Finlayson as Genesis Managing Director. According to Genesis, Raleigh Finlayson will subcribe for A$7M of the funding package personally. The funds raised will be used to grow Genesis’ Ulysses gold project in Western Australia through aggressive exploration, prioritising the Ulysses, Puzzle and Admiral deposits following recent drilling success, advance ongoing feasibility studies, and pursue other strategic opportunities that emerge.
  • Vox Management Summary: Incoming Genesis Managing Director Raleigh Finlayson was instrumental in growing Saracen Minerals to a A$6B major gold producer from 2008 – 2021, culminating in the company’s A$16B merger with Northern Star Resources. His leadership at Genesis and personal financial investment supports the perceived quality of the company’s gold projects, including the royalty-linked Puzzle North discovery.

Bulong (Pre-Construction) – High Grade Drilling Results

  • Vox holds a 1% net smelter royalty over part of the Bulong gold project;
  • On September 16, 2021, Black Cat announced:
  • Vox Management Summary: Construction preparations and successful confirmatory infill drilling continue to support Vox management’s confidence in Black Cat’s ability to commence construction at the Kal East/Bulong project in 2022. Black Cat is on track to drill approximately ~100,000m across the Kal East project in 2021, which increases the likelihood of further gold discoveries on royalty-linked areas at Bulong.

Bulgera (Exploration) – Positive Metallurgical Testwork and 3,900m Drilling Programme

  • Vox holds a 1% net smelter royalty over the Bulgera gold project;
  • On September 23, 2021, Norwest announced:
  • Vox Management Summary: Vox acquired the Bulgera gold royalty for A$100,000 in February 2021 and it is already providing strong discovery potential and early development activity in the form of successful initial metallurgical testwork. Bulgera oxide ore was last processed at the Plutonic Gold Mine in 2004; the project still has a 48km haul road in place, which presents future potential for a simple toll-treatment gold operation.

Kookynie (Advanced Exploration) – 2,100m Drilling Programme

  • Vox holds a A$1/t ore production royalty (with gold grade escalator(1)) on part of the Kookynie gold project held by Metalicity;
  • On September 13, 2021, Metalicity announced:
  • Vox Management Summary: We eagerly anticipate the results of this exploration drilling and the release of an initial resource estimate for the royalty-linked McTavish deposit later in 2021. The resource estimate will provide an initial indication of future development options for this high-grade gold project.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a high growth precious metals royalty and streaming 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 become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.

Cautionary Note Regarding Forward Looking Information

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate” “plans”, “estimates” or “intends” or stating that certain actions, events or results ” may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”.

The forward-looking statements and information in this press release include, but are not limited to, summaries of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of resource production from various mining projects, expectations regarding the size, quality and exploitability of the resources at various mining projects, future operations and work programs of Vox’s mining operator partners, the receipt of future royalty payments derived from various royalty assets of Vox, anticipated future cash flows and future financial reporting by Vox and requirements for regulatory approvals.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals and third party consents, the impact of general business and economic conditions, the absence of control over the mining operations from which Vox will receive royalties, including risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Vox’s expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties.

Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Technical and Third-Party Information

Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox’s royalty interests. Vox’s royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production of a property.

References & Notes:

(1)Kookynie Royalty is split in two separate terms:
a.Kookynie (Melita) Royalty – which covers the Puzzle Deposit: A$1/t production royalty >650Kt cumulative ore mined and treated.
b.Kookynie (Consolidated Gold) Royalty – which covers the Puzzle North Discovery: A$1/tonne (for each Ore Reserve with a gold grade <= 5g/t Au), for grades > 5g/t Au royalty = ((Ore grade per Tonne – 5) x 0.5)+1) .

SOURCE Vox Royalty Corp.

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Base Metals Emx Royalty Energy Exclusive Interviews Junior Mining Precious Metals Project Generators

EMX Royalty CEO David Cole provides an update on recent royalty acquisitions and other matters at the 2021 Gold Forum Americas

Please find the below link to David Cole’s presentation at the 2021 Gold Forum Americas in Colorado Springs, Colorado, USA. This presentation provides investors with a number of fresh insights into recent material developments in the Company.


https://www.emxroyalty.com/investors/video-presentations/