Business
Vox Royalty provides 2021 outlook, building on a transformational 2020 year
GEORGE TOWN, CAYMAN ISLANDS, Feb. 10, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) ("Vox" or the "Company"), a high growth precious metals focused royalty company
About this update from Vox Royalty Corp
[{"type":"text","content":" GEORGE TOWN, CAYMAN ISLANDS, Feb. 10, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (\"Vox\" or the \"Company\"), a high growth precious metals focused royalty company, is pleased to provide an initial outlook for fiscal 2021, following a transformational 2020 year which saw Vox go public in May and subsequently acquired over 30 royalties. 2021 Outlook – Production Stage Assets Recent material production-related operator guidance highlighted during the Q4 2020 quarter included: Black Cat Syndicate Ltd. (ASX: BC8) (\"Black Cat\"), operator of the Company's Bulong 1% net smelter royalty, announced on November 26, 2020, their plans to construct a 500,000tpa processing facility, targeting commencement of Stage 1 open pit mining at the Myhree deposit (royalty-linked) in the December 2021 quarter and full production in the March 2022 quarter; and Thor Explorations Ltd. (TSXV: THX) (\"Thor\"), operator of the Company's Segilola 1.5% net smelter royalty, capped at US$3.5M, announced on December 10, 2020, a final set of encouraging drill results from Thor's in-pit and extensional diamond core drilling program at its Segilola Gold Project in Nigeria, \"which is scheduled to pour first gold in Q2 2021\". Based on operator guidance, Vox expects to increase its producing royalty asset count within its existing portfolio from four to six, including: Segilola – 1.5% net smelter royalty in Nigeria, capped at US$3.5M, with Thor targeting first gold pour in Q2 2021; Bulong – 1% net smelter royalty in Western Australia, with Black Cat targeting commencement of production in Q4 2021; Koolyanobbing (Deception Pit) – producing 2% Free On Board (\"FOB\") revenue iron ore royalty over part of the Deception Pit in Western Australia; Higginsville (Dry Creek) – producing grade-linked tonnage royalty in Western Australia, covering part of the Hidden Secret, Mousehollow and Paleochannels deposits; Brauna – producing 0.5% gross sales royalty interest in Brazil, South America's largest operating diamond mine, currently mining 1 of 21 kimberlite occurrences on the property; and Graphmada – 2.5% Gross Concentrate Sales care & maintenance stage graphite royalty in Madagascar, with the operator targeting updates to its Mineral Resource estimate to support plans for a Stage 2 expansion of production and targeting an increa...