Business
Commencement of Gold Mining at the Plutonic East Mine and the Boundary Deposit in Western Australia
DENVER, CO / ACCESS Newswire / March 20, 2025 / Vox Royalty Corp. (TSX: VOXR )(NASDAQ: ...
About this update from Vox Royalty Corp
[{"type":"text","content":"Commencement of Gold Mining at the Plutonic East Mine and the Boundary Deposit in Western AustraliaDENVER, CO / ACCESS Newswire / March 20, 2025 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) (\"Vox\" or the \"Company\"), a returns focused mining royalty company, is pleased to provide recent developments from royalty operating partners: Catalyst Metals Ltd (\"Catalyst\"), which achieved first gold underground stoping ore at the Plutonic East mine (which is covered by Vox's grade-linked tonnage royalty), and Black Cat Syndicate Limited (\"Black Cat\"), which commenced mining at the Boundary open pit (covered by Vox's uncapped 1.0% NSR royalty).Spencer Cole, Chief Investment Officer stated: \"The past week has seen two additional royalty-linked gold deposits in Western Australia commence production, which are both expected to contribute to Vox's 2025 revenue. Within 6 months of Vox's Plutonic East royalty acquisition, Catalyst commenced dewatering and rehabilitation of the underground workings and in less than 12 months have advanced the project to first gold ore production. Likewise, following its recent A$85M acquisition of the Lakewood processing plant, Black Cat has just commenced mining at the Boundary deposit ahead of schedule. Black Cat's CEO, Gareth Solly summarised the current sentiment within Western Australian gold miners well with his company's new strategy of \"More Gold Sooner\". This type of sentiment is accelerating gold development and production within Western Australian, capitalising on current gold prices of over AUD$4,700 as of this week.\"Plutonic East Gold Royalty - First Stoping Ore Achieved(1)On March 14, 2025, Catalyst announced first stoping ore from the Plutonic East underground mine, expected to be processed via its currently underutilized Plutonic Processing Plant, which is located 2km from Plutonic East.Plutonic East is described as a low-risk ore source, allowing Catalyst to diversify production away from the predominantly remnant mining activity ongoing at the main non-royalty-linked Plutonic Mine.This milestone aligns with Catalyst's stated strategy to increase production twofold from the Plutonic Gold Belt over the next 12-18 months.In the past three months, activity has ramped up, with a dedicated fleet mobilized, surface infrastructure (including a power plant, office and workshop) established, an...