18:06:37 EDT Tue 21 May 2024
Enter Symbol
or Name
USA
CA



Vox Royalty Corp
Symbol VOXR
Shares Issued 49,985,102
Close 2024-02-12 C$ 2.37
Market Cap C$ 118,464,692
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Vox to acquire royalty portfolio for $4.7M (Australian)

2024-02-13 13:47 ET - News Release

Mr. Kyle Floyd reports

VOX TO ACQUIRE STRATEGIC AUSTRALIAN ROYALTY PORTFOLIO

Vox Royalty Corp. has executed a binding agreement dated Feb. 12, 2024, to acquire a portfolio of up to four royalties at various stages of development, including: construction, development and exploration stages, and the rights to one production-linked milestone payment, all located in Australia, from a private Australian group, for cash consideration of up to $4.7-million (Australian).

Kyle Floyd, Chief Executive Officer of Vox, stated: "We are excited to further grow our strong Australian asset base, with the advanced Castle Hill and Kunanalling gold assets located in Western Australia, which in 2023 was ranked by the Fraser Institute as the 2nd best mining jurisdiction globally. We also look forward to seeing Castle Hill move towards production and the Kunanalling resource base growing through active regional exploration programmes."

Transaction HighlightsAddition of up to four advanced Australian royalties and the rights to one production-linked milestone payment in Western Australia and New South Wales, heavily weighted to gold and copper;Potential for near-term revenue from the construction-stage Castle Hill gold project in Western Australia ("Castle Hill"), operated by Evolution Mining Ltd ("Evolution"), which is a key part of the A$250M Mungari Mine Life Extension project and mill expansion to 4.2Mtpa ("Mungari 4.2 Project") announced by Evolution on 5 June 2023;Further production potential from the past-producing Kunanalling gold project, which is located less than 15km from the Mungari Mill and also part of Evolution's integrated Mungari 4.2 Project;Provides critical metals exposure to copper, cobalt and rare earth metals across the Halls Creek and Broken Hill exploration projects; andStrengthens Vox's proportion of royalty assets located in lower risk political jurisdictions of Australia, Canada and USA, totalling more than 80% of all royalty assets.

Transaction Closing

Closing of the Transaction is expected to occur prior to the end of Q1 2024, following satisfaction of customary conditions as well as execution and delivery of standard transaction documentation. Vox will use current cash on hand to fund the payment of the cash consideration for the Transaction. A number of royalties in the portfolio are subject to rights of first refusal, which are typical for the transfer of royalties of this nature.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a "Qualified Person" under NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a returns focused mining royalty company with a portfolio of over 60 royalties and streams spanning seven 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 returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 25 separate transactions to acquire over 60 royalties.

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