Business
Vox Royalty Provides Development Updates & Exploration Success from Operating Partners
GEORGE TOWN, Cayman Islands, April 15, 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 15, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (\"Vox\" or the \"Company\"), a high growth precious metals focused royalty company, is pleased to provide recent development updates from royalty operating partners Silver Mines Limited (ASX: SVL) (\"Silver Mines\"), Axis Minerals Pty Ltd (\"Axis\"), ValOre Metals Corp. (TSXV: VO) (\"ValOre\"), Genesis Minerals Limited (ASX: GMD) (\"Genesis\") and Metalicity Limited (ASX: MCT) (\"Metalicity\"). Riaan Esterhuizen, Executive Vice President – Australia stated, \"We are excited to share another month of positive operator newsflow for our development and exploration stage royalties. The Bowdens mining lease application, which covers the largest undeveloped primary silver project in Australia, continues to demonstrate a clear pathway to production, which would generate >$1M annual royalty revenues for Vox investors over its 16 year feasibility mine plan. The potential restart of the Mt Moss Mine over the coming months has the potential to unlock royalty revenue ahead of Vox management expectations. From an exploration perspective, significant 2021 drilling at Pedra Branca, the largest PGM project in South America, and the Puzzle North discovery at Kookynie further support our confidence in medium-term cashflow generation.\" Summary of Development Updates Bowdens silver project submission of mining lease application for development by Silver Mines; Mt Moss iron ore-copper-zinc mine ownership change and restart plans by Axis; Pedra Branca platinum-group-elements (PGE) project – 8,000m drill program commenced for 2021; and Kookynie gold projects – Puzzle North discovery from Genesis and a drilling update from Metalicity. Bowdens (Feasibility) – Mining Lease Application Vox holds a 0.85% gross revenue royalty on the Bowdens silver-lead-zinc project and a 1.0% gross revenue over surrounding regional exploration tenure; On March 24, 2021, Silver Mines announced that: It has submitted its Mining Lease Application for the development of the Bowdens silver project; and It is currently completing its Environmental Impact Statement Response to Submissions to The New South Wales Department of Planning, Industry and Environment, as part of the final stages of the approvals process. Mt Moss (Care & Maintenance) – Ownership Change and...