Vox Completes Strategic Australian Royalty Portfolio Acquisition

About this update from Vox Royalty Corp

[{"type":"text","content":"Vox Completes Strategic Australian Royalty Portfolio AcquisitionAnnounces call to discuss acquisition on Wednesday, September 13, 2023, at 10 a.m. EDTAll amounts in U.S. dollars unless otherwise indicated.TORONTO, ON / ACCESSWIRE / September 12, 2023 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) (\"Vox\" or the \"Company\"), a returns focused mining royalty company, is pleased to announce that it has completed the strategic acquisition of a portfolio of 9 advanced development and exploration-stage royalties in Australia (the \"Portfolio\") from an Australian company (the \"Seller\"), as announced on July 31, 2023 (the \"Transaction\").Spencer Cole, Chief Investment Officer stated: \"We believe that this portfolio acquisition is one of the most exceptional transactions in Vox's corporate history. It provides Vox with exposure to ~50,000 gold equivalent ounces (\"GEOs\") under royalty coverage at a cost of ~$100/ounce with annual revenue potential from Red Hill of +$5M for a period of up to 10 years and Horseshoe Lights of $1M - $2M for a period of up to 6 years, with further exploration opportunity. The Red Hill royalty generated over A$7,000,000 in historical royalty revenue at much lower gold prices. We are excited about increasing our sector-leading portfolio weighting to Western Australia, enhancing our exposure to gold and copper and leverage to Tier One operators such as Northern Star Resources. This acquisition represents the initial accretive deployment of funds raised during Vox's public offering that was completed in June 2023.\"Kyle Floyd, Chief Executive Officer added: \"I am very excited to announce the closing of this portfolio of Australian royalties. I am grateful for the significant efforts of our team, over many years and countless hours, that resulted in this success. This acquisition further elucidates Vox's differentiated capabilities in finding, researching and procuring high quality royalty assets. We believe our competitive advantages and discipline will continue to deliver sector leading returns on invested capital complimented with immense long-term optionality. I am grateful for our supportive shareholders that understand our long term vision and supported us with the capital needed to secure assets such as these. We have completed what I believe is a transformational acquisition that dramatically increas...

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