Kingston Resources Ltd (ASX:KSN) has received $350,000 in cash for the sale of its historic royalty over tenements within the Higginsville Gold Operations north of Norseman in WA’s Eastern Goldfields for a total consideration of $650,000.
Shares in Vox Royalty Corp (CVE:VOX) have also been issued to Kingston for the $300,000 share-based component of consideration.
Vox Royalty is a growth and precious metals focused mining royalty and streaming company that holds a portfolio of 36 royalties and streaming assets and one royalty option.
It has been the fastest-growing royalty and streaming acquisition company since January 2019, announcing 12 separate royalty transactions.
Sale executed in late-May
In late May Kingston agreed to the sale of a historical gold royalty established in 1992 over several tenements held by RNC Minerals within the Higginsville Gold Operations to Vox Royalty.
The sale is for total consideration of $650,000, of which $350,000 will be settled in cash and $300,000 in Vox Royalty shares.