Vox Royalty Operating Partners Update
This piece from Proactive Investors outlines VOX Royalties developments prior to the news that the company had reported record first-quarter 2021 revenue of US$539,980, as the company received initial revenue from its Koolyanobbing iron ore royalty in Australia.
Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) updated investors with recent developments from its operating partners, which continue to add organic value to its royalty and stream portfolio.
"We are excited to share another month of highly productive operator newsflow particular to some of our development stage royalties," said Riaan Esterhuizen, the group's executive vice-president for Australia.
READ: Vox to monetize non-core graphite royalties for C2.9M and partner with Electric Royalties
"These updates include A$20 million raised to fund construction, commencement of early-works, significant statutory permitting progress, over 30,000m of planned drilling on our royalty properties and numerous high-grade gold and silver drilling results," he added.
Regarding the Bulong gold project in Western Australia, where Vox holds a 1% net smelter return (NSR), on May 5, operator Black Cat Syndicate Limited (ASX: BC8) reported it had received firm commitments for an around A$20 million equity raise, to be used for extension and exploration drilling, mill equipment purchases, feasibility studies and other working capital.
Elsewhere, on April 15, 2021, partner Venturex Resources Limited (ASX:VXR) (FRA:IHB) said it had received approval for its Sulphur Springs project management plan, meaning it can now upgrade the 7.6km access road to the Sulphur Springs mine site in the Pilbara, an early critical step.
Contractors have also arrived on site to commence geotechnical and hydrogeological investigations, after which Venturex is planning a 3,565m drill program to upgrade the majority of inferred resources with the open pit shell to the indicated category.
Vox holds a A$2 per tonne production copper-zinc royalty on the Sulphur Springs project and an effective A0.80/tonne production royalty on the Kangaroo Caves deposit - part of the overall project.
At the feasibility-stage Lynn Lake gold project in Manitoba, Canada, owned by Alamos Gold Inc (TSE:AGI) (NYSE:AGI) (FRA:1AL), where Vox holds a 2% gross gold proceeds royalty on part of the deposit, Alamos continues to advance permitting of the project, with approval of its Environmental Impact Statement expected in mid-2022, following which, Alamos expects to make a construction decision.
Finally, at Silver Mines Ltd's (ASX:SVL) (OTCMKTS:SLVMF) (FRA:SWQ) Bowdens silver-lead-zinc project in Australia, Vox holds a 0.85% gross revenue royalty on the asset and a 1% gross revenue royalty over surrounding regional exploration tenure.
On May 18, this year Silver Mines announced a major expansion of the drilling program at Bowdens - a 30,000m program has started with four rigs, expected to continue to at least the end of 2021.
That news followed high-grade assay results recently returned from one drill hole, which established the Bowdens Silver "Aegean Zone" as a significant target for underground mining scenarios. Intercepts included 8m at a grade of 543 g/t silver from 307m, including 3m at 1,302 g/t silver from 312m.
Vox is a precious metals royalty and streaming company with a portfolio of 50 royalties and streams spanning nine jurisdictions.
Contact the author at giles@proactiveinvestors.com
Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) updated investors with recent developments from its operating partners, which continue to add organic value to its royalty and stream portfolio.
"We are excited to share another month of highly productive operator newsflow particular to some of our development stage royalties," said Riaan Esterhuizen, the group's executive vice-president for Australia.
READ: Vox to monetize non-core graphite royalties for C2.9M and partner with Electric Royalties
"These updates include A$20 million raised to fund construction, commencement of early-works, significant statutory permitting progress, over 30,000m of planned drilling on our royalty properties and numerous high-grade gold and silver drilling results," he added.
Regarding the Bulong gold project in Western Australia, where Vox holds a 1% net smelter return (NSR), on May 5, operator Black Cat Syndicate Limited (ASX: BC8) reported it had received firm commitments for an around A$20 million equity raise, to be used for extension and exploration drilling, mill equipment purchases, feasibility studies and other working capital.
Elsewhere, on April 15, 2021, partner Venturex Resources Limited (ASX:VXR) (FRA:IHB) said it had received approval for its Sulphur Springs project management plan, meaning it can now upgrade the 7.6km access road to the Sulphur Springs mine site in the Pilbara, an early critical step.
Contractors have also arrived on site to commence geotechnical and hydrogeological investigations, after which Venturex is planning a 3,565m drill program to upgrade the majority of inferred resources with the open pit shell to the indicated category.
Vox holds a A$2 per tonne production copper-zinc royalty on the Sulphur Springs project and an effective A0.80/tonne production royalty on the Kangaroo Caves deposit - part of the overall project.
At the feasibility-stage Lynn Lake gold project in Manitoba, Canada, owned by Alamos Gold Inc (TSE:AGI) (NYSE:AGI) (FRA:1AL), where Vox holds a 2% gross gold proceeds royalty on part of the deposit, Alamos continues to advance permitting of the project, with approval of its Environmental Impact Statement expected in mid-2022, following which, Alamos expects to make a construction decision.
Finally, at Silver Mines Ltd's (ASX:SVL) (OTCMKTS:SLVMF) (FRA:SWQ) Bowdens silver-lead-zinc project in Australia, Vox holds a 0.85% gross revenue royalty on the asset and a 1% gross revenue royalty over surrounding regional exploration tenure.
On May 18, this year Silver Mines announced a major expansion of the drilling program at Bowdens - a 30,000m program has started with four rigs, expected to continue to at least the end of 2021.
That news followed high-grade assay results recently returned from one drill hole, which established the Bowdens Silver "Aegean Zone" as a significant target for underground mining scenarios. Intercepts included 8m at a grade of 543 g/t silver from 307m, including 3m at 1,302 g/t silver from 312m.
Vox is a precious metals royalty and streaming company with a portfolio of 50 royalties and streams spanning nine jurisdictions.
Contact the author at giles@proactiveinvestors.com
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