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Vox Royalty to Acquire Western Australian Gold Royalty Portfolio
GEORGE TOWN, Cayman Islands, Feb. 22, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) ("Vox" or the "Company") is pleased to announce that it has entered into a bind
About this update from Vox Royalty Corp
[{"type":"text","content":" GEORGE TOWN, Cayman Islands, Feb. 22, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (\"Vox\" or the \"Company\") is pleased to announce that it has entered into a binding agreement with Gibb River Diamonds Ltd. (\"Gibb River\") pursuant to which Vox will acquire a Western Australian gold royalty portfolio for total cash consideration of A$325,000 (the \"Transaction\"). The royalty portfolio comprises a 1% Net Smelter Return (\"NSR\") royalty over the Bulgera Gold project operated by Norwest Mineral Ltd. (ASX: NWM) (\"Norwest\"), a 1% NSR over the Comet Gold Project operated by Accelerate Resources Ltd. (ASX: AX8) (\"Accelerate\") and a 1% NSR over the Mount Monger Gold Project operated by Accelerate and subject to a binding option agreement with Mt Monger Minerals Pty Ltd. (the \"Royalty Portfolio\"). Transaction Highlights Strengthens Vox's first-mover position as the second largest publicly traded holder of royalty interests in Australia by royalty count behind Franco Nevada Corporation (TSX: FNV)(NYSE: FNV), with an expanded total of 31 Australian royalties. Exposure to three advanced exploration gold royalties in Western Australia, each located within trucking distance of third-party mills. Uncapped exposure to the Bulgera Gold deposit which hosts a JORC-compliant resource estimate of 2.92Mt @ 1.0g/t for 93,880 ounces (per Norwest announcement on 8 April 2020) Significant organic news flow from the 5,000m reverse circulation (\"RC\") drilling program at Bulgera that Norwest commenced in the December-2020 quarter and Accelerate's 1,914m RC drilling program at the Comet Gold project announced in their December-2020 quarterly. Spencer Cole, Executive Vice President of North America stated: \"Not all advanced exploration royalties are created equal. Three gold projects, each the flagship project of their respective operator, are actively being drilled out, and each with economic-width historical gold drilling intersections and located within trucking distance of a mill that has historically treated third party ore. We are very excited to acquire this portfolio and to share the upcoming operating partner news flow with Vox investors.\" Asset Overview – Bulgera(1) The Bulgera Gold Project comprises two granted exploration licences, E52/3316 and E52/3276, covering 36.8km² over the northeast end of the Plutonic Well Greensto...