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Vox Royalty: Bowdens Silver Project Receives Final Development Approval and Resource Upgrade
TORONTO, ON / ACCESSWIRE / April 4, 2023 / Vox Royalty Corp. (TSXV:VOX) (NASDAQ:VOXR) ("Vox" or the "Company"), a returns focused mining royalty company, is ple
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / April 4, 2023 / Vox Royalty Corp. (TSXV:VOX) (NASDAQ:VOXR) (\"Vox\" or the \"Company\"), a returns focused mining royalty company, is pleased to share a major recent permitting decision and resource update for the Bowdens silver-lead-zinc project in New South Wales, Australia (\"Bowdens Silver Project\") from its royalty operating partner Silver Mines Limited (ASX: SVL) (\"Silver Mines\") on April 3, 2023 and March 31, 2023. Vox holds a 0.85% gross revenue royalty on the Bowdens Silver Project and a 1% gross revenue royalty over surrounding regional exploration tenure. Riaan Esterhuizen, Executive Vice President - Australia stated: \"This final Bowdens development approval and substantial upgrade to 323 million ounces of measured and indicated silver equivalent resource, with a further 73 million ounces of inferred silver equivalent resource, paves the way for a near-term final investment decision for this potential Australian mine with an expected life of up to 23 years. The addition of a maiden gold resource estimate, comprising 96,000 ounces of measured and indicated gold resource, with a further 96,000 ounces of inferred gold resource, adds further organic value to our gross revenue royalty. We eagerly look forward to the release of optimised open-cut mine studies and updated ore reserves by Silver Mines later this year.\" Final Development Approval On April 3, 2023, Silver Mines announced: The Independent Planning Commission of New South Wales (\"IPC\") has approved the Bowdens Silver Project allowing it to proceed to development and production subject to conditions of consent; This development approval follows comprehensive stakeholder engagement processes by Silver Mines with various Government authorities including the New South Wales Department of Planning and Environment and finally, the IPC; Silver Mines' Managing Director, Anthony McClure, stated: \"The IPC's decision is the most significant milestone for the Company since we took over the project in mid-2016\"; \"We now look forward to getting on with delivering the Project. After the significant upgrade to our Mineral Resources as announced last week, the Company is undertaking a significant optimisation program updating the Bowdens Silver Feasibility Study\"; and According to Silver Mines, \"The mine's 23-year life, including 16.5 ...