Business
Vox Royalty Provides Development & Exploration Updates
TORONTO, ON / ACCESSWIRE / May 10, 2022 / Vox Royalty Corp. (TSXV:VOX) (OTCQX:VOXCF) ("Vox" or the "Company"), a returns focused precious metals royalty company
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / May 10, 2022 / Vox Royalty Corp. (TSXV:VOX) (OTCQX:VOXCF) (\"Vox\" or the \"Company\"), a returns focused precious metals royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Northern Star Resources Limited (ASX: NST) (\"Northern Star\"), Jangada Mines plc (AIM: JAN) (\"Jangada\"), Black Cat Syndicate Limited (ASX: BC8) (\"Black Cat\"), and Gold Standard Ventures Corp. (TSX: GSV) (\"Gold Standard Ventures\"). Spencer Cole, Chief Investment Officer stated: \"The Vox portfolio has continued to rapidly develop through drilling, engineering and pre-stripping over the past month, with a key highlight being commencement of mining activities at the Otto Bore gold project by Northern Star. The robust economics of the Pitombeiras Vanadium technical report continue to support Vox management's confidence around this exciting vanadium project. We eagerly anticipate the outcomes of Black Cat's toll milling tender at the Bulong project, with potential to commence mining at the high grade royalty-linked Myhree deposit in late 2022. Based on these updates we expect multiple construction decisions in the second half of 2022 which will unlock incremental royalty revenue for 2023 and beyond.\" Key Development Updates Pre-stripping and open pit mining preparation commencement at the Otto Bore gold project by Northern Star; Updated feasibility-level engineering technical report for the Pitombeiras vanadium project by Jangada; Acquisition of Paulsens gold mine by Black Cat, reprioritizing Vox's Merlin and Electric Dingo gold royalty projects and an update on Bulong development timing; and 5,700m drilling planned by Gold Standard Ventures at Railroad Pinion gold project in Nevada from May 2022 onwards, with a second stage exploration program to be completed in the Fall and Winter of 2022. Otto Bore (Development - Australia) - Pre-Stripping and Open Pit Mining Preparation Commencement Vox holds a 2.5% net smelter return royalty (between 42koz - 100koz cumulative production) over the Otto Bore gold project in Western Australia, acquired in conjunction with the producing Janet Ivy / Binduli North gold royalty in March 2021; On April 27, 2022 and May 3, 2022, Northern Star announced that: Preparation for open pit mining operations at the Otto Bore deposit have co...