Business
Vox Royalty Provides Development and Exploration Updates
TORONTO, ON / ACCESSWIRE / May 18, 2023 / Vox Royalty Corp. (TSXV:VOX) (NASDAQ:VOXR) ("Vox" or the "Company"), a returns focused mining royalty company, is plea
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / May 18, 2023 / Vox Royalty Corp. (TSXV:VOX) (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 Sibanye Stillwater Ltd. (JSE: SSW) (\"Sibanye\"), Jangada Mines plc (AIM: JAN) (\"Jangada\") and ValOre Metals Corp. (TSXV: VO) (\"ValOre\"). Kyle Floyd, Chief Executive Officer stated: \"Building off of our recent Q1 2023 financial results, we are excited to share meaningful royalty operator developments including restart study progress at Limpopo and the successful extraction of titanium dioxide and vanadium pentoxide at the Pitombeiras ferrovanadium project. In addition, ValOre is re-deploying capital and focus towards exploration drilling at the Pedra Branca PGM project. This continued progress supports management's confidence for medium-term organic revenue growth within the Vox royalty portfolio.\" Key Updates Sibanye announced 2022 Mineral Resource Estimates and confirmed ongoing restart feasibility studies at Limpopo; Positive test results were received from the extraction of titanium dioxide and vanadium pentoxide over the Pitombeiras project held by Jangada, which supports the adaption of this technology to maximize resource recovery, reduce costs, and enhance Environmental, Social, and Governance (\"ESG\") performance; and ValOre sold its Angilak property to raise C$3.6M for exploration drilling at the Pedra Branca PGM project in Brazil. Limpopo (Feasibility - South Africa) - 2022 Mineral Resource Estimate & Ongoing Restart Studies Vox holds a 1% gross receipts royalty over the Dwaalkop Project and a 0.704% gross receipts royalty over the Messina Project, which collectively cover the full extent of the Limpopo platinum group metals (\"PGM\") project in South Africa; On April 24, 2023, as part of its annual resource and reserve statement, Sibanye announced that: Its attributable mineral resource estimate for Limpopo as of December 31, 2022(1), is as follows: Measured: 1.8Mt @ 4.2g/t for 0.2Moz PGM (0.3Moz on 100% basis); Indicated: 80.0Mt @ 4.1g/t for 10.5Moz PGM (17.6Moz on 100% basis); Inferred: 70.9Mt @ 4.0g/t for 9.2Moz PGM (14.2Moz on 100% basis); The Baobab property has the full surface and underground infrastructure to support a mining rate of 90ktpm. I...