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Vox Royalty Acquires Wyloo North Iron Ore Royalty in Pilbara Region of Western Australia
DENVER, COLORADO / ACCESS Newswire / August 25, 2025 / Vox Royalty Corp. (TSX:VOXR) (NA...
About this update from Vox Royalty Corp
[{"type":"text","content":"Vox Royalty Acquires Wyloo North Iron Ore Royalty in Pilbara Region of Western AustraliaDENVER, COLORADO / ACCESS Newswire / August 25, 2025 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR)(\"Vox\" or the \"Company\"), a returns focused mining royalty company, is pleased to announce that it has executed a binding agreement to acquire an iron ore royalty over the Wyloo North iron ore project in the Pilbara region of Western Australia (the \"Royalty\"), currently operated by Fortescue Metals Group (\"Fortescue\"), from an Australian company (the \"Vendor\") for A$1.5 million (~US$1 million). The Royalty is a 1.5% Gross Revenue Royalty payable on the first 15 million tonnes of iron ore production from the Wyloo North deposit, which forms part of Fortescue's Greater Western Hub.Spencer Cole, Chief Investment Officer stated: \"We are pleased to announce the Wyloo North royalty acquisition in Western Australia, which aligns with Vox's focus on large high-grade orebodies, operated by large-cap mining companies with medium-term development potential via existing infrastructure. The Wyloo North Royalty is expected to generate meaningful returns once it enters production. Vox management is confident that the deposit has the potential to be fast-tracked towards production by the A$60B market cap operator Fortescue.\" Figure 1 - Wyloo North deposit within Fortescue's Western Hub(Source: https://minedocs.com/23/Fortescue-MR-06302022.pdf )Project Overview - Wyloo North(1)The Wyloo North iron ore deposit is a large 7km-long satellite orebody located within 30km of the producing Eliwana Iron Ore Operation, which currently produces 30Mtpa iron ore annually. Wyloo North contains some of the highest-grade iron content of any deposit within Fortescue's Greater Western Hub (59.6% Fe at Wyloo North compared to the Greater Western Hub total of 56.8% Fe).FMG Pilbara Pty Ltd (\"FMGP\") Ltd, which is a subsidiary of Fortescue, is the operator of the key Wyloo North mining lease M47/1567 (formerly M47/1488, M47/1489, M47/1490, M47/1508, E47/1395 and E47/1650), which is part of a package of tenements collectively known as the Wyloo North Project. Exploration mapping and drilling have been carried out on the project area since mid-2006 and through the results of that drilling, FMGP has identified significant iron ore mineralization within the tenement boundaries...