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Vox Provides Gold Royalty Portfolio Development Updates and Confirms Initial Royalty Revenue from Kookynie
TORONTO, ON / ACCESSWIRE / August 17, 2023 / Vox Royalty Corp. (TSX:VOXR) (NASDAQ:VOXR) ...
About this update from Vox Royalty Corp
[{"type":"text","content":"Vox Provides Gold Royalty Portfolio Development Updates and Confirms Initial Royalty Revenue from KookynieTORONTO, ON / ACCESSWIRE / August 17, 2023 / 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 Genesis Minerals Limited (ASX:GMD) (\"Genesis\"), Alamos Gold Inc. (TSX:AGI) (\"Alamos\"), Black Cat Syndicate Ltd (ASX:BC8) (\"Black Cat\"), Northern Star Resources Limited (ASX:NST) (\"Northern Star\") and Strickland Metals Limited (ASX:STK) (\"Strickland\").Riaan Esterhuizen, EVP Australia stated: \"We are very excited to share recent gold operator developments and initial royalty revenue from the Kookynie royalty, linked to the release of maiden reserves at the Puzzle North gold deposit. This initial royalty revenue of ~A$2M represents an approximate 15x return on the A$150k invested in the Kookynie (Consolidated Gold) royalty back in 2020, with further revenue expected post commencement of mining by Genesis. Further engineering study progress at Lynn Lake and Bulong continue to underpin Vox management confidence in medium-term growth prospects for our royalty portfolio.\"Key UpdatesGenesis released Pre-Feasibility Stage (\"PFS\") level assumptions and maiden reserves for the Puzzle Group gold deposits in Western Australia triggering maiden royalty revenue of approximately A$2M, to be recorded as Q3 2023 royalty revenue and payable within 45 days of quarter end;Alamos released an updated feasibility study on the Lynn Lake Gold Project in Manitoba, Canada;Black Cat released an updated engineering study for the Kal East Project which includes the Bulong gold royalty; andNorthern Star acquired the Millrose exploration-stage gold project from Strickland for A$67 million.Kookynie (Development - Western Australia) - Puzzle PFS Outcomes & Maiden Reserves(1)Vox holds an A$1/tonne production royalty(1) on part of the Kookynie gold project in Western Australia (which includes the Puzzle Group), of which, the Kookynie (Consolidated Gold) royalty was acquired in 2020 for less than A$150,000 as part of a larger royalty portfolio acquisition;On July 3, 2023, Genesis announced that:Maiden Probable Reserves(2) for the Puzzle Group declared of 2,700Kt @ 1.3g/t for 110,000oz at a gol...