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First Gold Royalty Revenues Received From Castle Hill and Bulong Royalties in Western Australia
TORONTO, ON / ACCESSWIRE / December 4, 2024 / Vox Royalty Corp. (TSX:VOXR) (NASDAQ:VOXR) ...
About this update from Vox Royalty Corp
[{"type":"text","content":"First Gold Royalty Revenues Received From Castle Hill and Bulong Royalties in Western Australia TORONTO, ON / ACCESSWIRE / December 4, 2024 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) (\"Vox\" or the \"Company\"), a returns focused mining royalty company, is excited to announce the receipt of its first royalty revenues from its Castle Hill and Bulong gold royalties in Western Australia, from operating partners Evolution Mining Limited (\"Evolution\") and Black Cat Syndicate Limited (\"Black Cat\"). Additionally, the Company anticipates inaugural royalty revenues from its Otto Bore gold royalty in Q4 2024 or Q1 2025 from Northern Star Resources Limited (\"Northern Star\").Riaan Esterhuizen, Executive Vice President - Australia stated: \"We are excited to share the receipt of first royalty revenue milestones from each of the Castle Hill and Bulong gold projects, both ahead of Vox management expectations. In addition, we expect first royalty revenues to be recognized from the Otto Bore gold royalty within the next six months. These three gold royalties are expected to contribute approximately $3M - $4M in gold-related royalty revenue1 for Vox in 2025. Near-record gold prices of approximately A$4,000/ounce continue to support Vox's well-capitalised operating partners in Western Australia to accelerate their project development and gold production - to the benefit of Vox shareholders.\"Figure 1: Myhree open pit (looking north) - multiple dig fleets plus drill & blast activitiesSource: https://api.investi.com.au/api/announcements/bc8/202d77f5-c14.pdf Castle Hill - Rayjax Deposit (Western Australia)On Castle Hill, Vox holds a A$40/oz gold royalty (payable up to 75,000oz gold production), plus a net milestone payment of A$2,000,000, triggered at 140,000oz of cumulative gold production. Vox also holds an uncapped 2% realised production royalty over the Kunanalling tenure which surrounds Castle Hill, payable post 75,000oz of gold production from the Castle Hill royalty tenure.On November 22, 2024, Vox received inaugural royalty revenue from Evolution related to gold production from the Rayjax gold deposit on mining lease M15/1831. Ore from Rayjax is processed via the Mungari mill, which is undergoing a capacity expansion from 2Mtpa to 4.2Mtpa as part the ongoing A$250M Mungari 4.2 Project expansion project.Vox acquired the Castle Hill...