Vox Royalty Provides Update on 5 Key Royalties in US, Canada & Western Australia

Vox Royalty Corp. (TSX-V: VOX)(OTC: VOXCF) — currently trading around C$4.00 per share — has provided an update on five of its key royalty assets; two development-stage properties and three exploration-stage properties. 

The company is coming off of a record year of royalty acquisition and revenue growth in 2021 and, with 55 royalties and streams acquired to-date, is showing no signs of slowing down in 2022. 

Vox’s chief investment officer, Spencer Cole — whom you’re about to hear from directly in our exclusive interview — commented via press release:

“The past month of royalty operator newsflow includes the exciting release of the South Railroad feasibility study, ongoing exploration success at Sulphur Springs, Puzzle North and Bulgera, capped off by consistent development guidance for Lynn Lake. Each of these projects are being aggressively progressed by well-capitalized operators towards near-term resource updates and development decisions. 2022 continues to be shaping up as a record year for the Vox royalty portfolio based on these developments.”

A few key highlights from that release include: 

South Railroad Gold Project, Nevada: Vox holds a 0.633% NSR royalty with advance minimum royalty payments over key portions of the project. Gold Standard Ventures just released a robust Feasibility Study on the project outlining a scenario for a 10.5-year mine life with total production of over 1 million gold ounces starting as soon as 2024. 

Lynn Lake Gold Project, Canada: Vox holds a 2% gross revenue royalty (post initial capital recovery) on part of the MacLellan deposit at Lynn Lake. Alamos Gold is nearing a construction decision on the project and has announced a 2022 capital budget of US$14 million, including US$11 million for development activities and US$3 million for exploration. The project could commence production as early as 2024. 

Vox also reported on positive drilling results across three Western Australian projects where it holds royalties: Kookynie and Bulgera (gold) plus Sulphur Springs (copper-zinc). 

And as noted, this is just 5 of the company’s 55 total current royalties/streams — and growing. The Vox team is aggressively on-the-hunt for additional quality royalties/streams in safe mining jurisdictions with a focus on achieving industry-leading rates of return.

From a speculator standpoint, one of the key advantages of the royalty/stream model is the exposure it provides to rising commodity prices, like what we have now, without direct exposure to the risks and rising costs involved in mineral exploration, mine construction, and ore production. 

All of this and a lot more is discussed in Gerardo Del Real’s exclusive interview with Vox Royalty chief investment officer Spencer Cole. Enjoy!

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest