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Vox Provides Development Updates on Western Australia Gold Royalty Assets
TORONTO, ON / ACCESSWIRE / August 13, 2024 / Vox Royalty Corp. (TSX:VOXR) (NASDAQ:VOXR) ...
About this update from Vox Royalty Corp
[{"type":"text","content":"Vox Provides Development Updates on Western Australia Gold Royalty Assets TORONTO, ON / ACCESSWIRE / August 13, 2024 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) (\"Vox\" or the \"Company\"), a returns focused mining royalty company, is pleased to provide recent development and exploration updates from royalty operating partners, Northern Star Resources Limited (\"Northern Star\") and Evolution Mining Limited (\"Evolution\") public disclosures.Riaan Esterhuizen, Executive Vice President - Australia stated: \"We are pleased to share positive updates at key Western Australian gold development royalties: Red Hill, Castle Hill and Kunanalling. Northern Star continues to reaffirm the strategic value and high quality of Red Hill within the context of the A$1.5B expansion of its KGCM operations, supporting Vox management's previous estimates from 6 May 2024 that the Red Hill royalty has the potential to generate approximately US$10 million1 in initial annual revenues2. Similarly, Evolution Mining provided updates on the construction-stage Castle Hill project, which has been flagged as likely baseload ore feed for the A$250M Mungari mine life extension and mill expansion project, which is expected to be completed in Q1 2026. We look forward to sharing further updates from our respective operating partners in the coming months as projects are progressed closer toward mining or restart decisions, as applicable.\"Key UpdatesNorthern Star provided additional detailed disclosure on Red Hill's mineral resource estimate and status as a \"strategic regional opportunity\" for the KCGM operation.Evolution provided a construction update at Castle Hill and referenced a new gold deposit which is located on Vox's West Kundana royalty tenure.Red Hill (Development - Western Australia) - Strategic Regional Opportunity for KCGM characterised as \"Large, consistent, low risk\"Vox holds an uncapped 4.0% Gross Revenue Royalty over the majority of the Red Hill deposit.On August 5, 2024, Northern Star provided additional detail around its strategy to expand yearly production rates at KGCM to 650koz Au by fiscal year 2026, and 900koz Au by fiscal year 2029. This strategy is underpinned by the ongoing A$1.5B expansion of the Fimiston Processing Plant, which is expected to see capacity increase from 13Mtpa to 27Mtpa. In a detailed site visit presentation, Norther...