Business
Vox Royalty Provides 2021 Guidance and Construction Updates from Operating Partners
GEORGE TOWN, Cayman Islands, April 13, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) ("Vox" or the "Company"), a high growth precious metals focused royalty compan
About this update from Vox Royalty Corp
[{"type":"text","content":" GEORGE TOWN, Cayman Islands, April 13, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (\"Vox\" or the \"Company\"), a high growth precious metals focused royalty company, is pleased to provide 2021 guidance and share recent construction updates from royalty operating partners Thor Explorations Ltd. (TSXV: THX) (\"Thor\") and Black Cat Syndicate Limited (ASX: BC8) (\"Black Cat\"). Kyle Floyd, Chief Executive Officer stated, \"We are excited to share our maiden 2021 revenue guidance and exciting construction newsflow from our operating partners with Vox investors. Our strategy of acquiring attractive royalties at disciplined prices that are approaching first production means our forecast revenue profile from 2021 to 2023 is expected to offer significant growth to investors. The development milestones from Segilola and Bulong, along with the expected further revenue from our royalties over part of Karora Resources' Higginsville operations, the Brauna diamond mine in Brazil, and royalty over part of the Koolyanobbing iron ore mine operated by Mineral Resources Ltd, all support meaningful revenue growth year over year. Vox looks forward to further announcements regarding the organic growth of our 50 royalties and streams already within the portfolio\". 2021 Outlook In 2021, Vox expects royalty revenue to total C$1,700,000 – C$2,500,000 (approximately 1,000 to 1,500 attributable gold equivalent ounces at US$1,700/ounce), with approximately two thirds of expected revenue derived from gold. The Company expects gold equivalent ounces to be weighted towards the second half of the year, following (i) first production from the Segilola gold mine in June 2021, and (ii) first ore production from the Altair open pit at the Koolyanobbing iron ore operations, complementing current production from the Deception pit. Summary of Construction Updates Segilola gold project resource and reserve update and improved life of mine plan from Thor; and Bulong gold project 1.5Mtpa milling facility option exercise and drilling update from Black Cat. Segilola (Construction) – Resource and Reserve Update1 and Improved Life of Mine Vox holds a 1.5% net smelter return royalty (capped at US$3.5M) over the Segilola gold project; On March 29, 2021, Thor announced the following highlights: First gold pour is scheduled for delivery in June 2021, prior to comple...