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Vox Royalty Provides Project Updates Across Gold Royalty Portfolio Assets
TORONTO, March 21, 2023 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (NASDAQ: VOXR) ("Vox" or the "Company"), a returns focused mining royalty company, is pleased to p
About this update from Vox Royalty Corp
[{"type":"text","content":" TORONTO, March 21, 2023 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (NASDAQ: VOXR) (\"Vox\" or the \"Company\"), a returns focused mining royalty company, is pleased to provide recent North American development and exploration updates from royalty operating partners Treasury Metals Inc. (TSX: TML) (\"Treasury\"), Alamos Gold Inc. (TSX: AGI) (\"Alamos\"), and Orla Mining Ltd. (TSX: OLA, NYSE: ORLA) (\"Orla\"). All amounts are in U.S. dollars unless otherwise indicated. Spencer Cole, Chief Investment Officer stated: \"We are excited to report promising development progress across key Canadian and US development gold royalties, including the release of the Goldlund-Goliath (gold) pre-feasibility study, major permitting milestones at Lynn Lake (gold), and exploration success at South Railroad (gold). Vox's ~80% weighting to Canada, USA and Australia is further unpinned by the advancement of these North American development projects. In an ever-changing global geopolitical landscape, Vox's growth pipeline in these three Tier 1 mining jurisdictions continues to support management confidence around Vox's long-term value creation for our shareholders.\" Key Updates Treasury announced positive results for its pre-feasibility study (\"PFS\") over the Goldlund gold project, which is part of the Goliath Gold Complex in Ontario; Major permitting milestones were achieved by Alamos at the Lynn Lake gold project, with the completion of an Environmental Impact Assessment (\"EIA\") and a positive Decision Statement issued by the Minister of Environment and Climate Change Canada; and Significant South Railroad gold drilling results were announced by Orla, with continued resource expansion exploration drilling scheduled for 2023 in Nevada. Goldlund (Pre-Feasibility – Canada) – Positive Results from the Pre-Feasibility Study Released(1) Vox holds a 1% net smelter royalty (\"NSR\") on part of the Goldlund gold project (below 50m shaft collar depth), which is part of the Goliath Gold Complex in Ontario, Canada; On February 22, 2023, Treasury announced: The results of the PFS. Highlights include: Post-tax net present value at a 5% discount rate of C$336 million and post-tax internal rate of return of 25.4%, using a long-term gold price of $1,750 per ounce and an exchange rate of US$1.00 to C$1.34; Average annual production increased from 79,000 ou...