Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) updated Thursday on recent activity by its royalty operating partners, notably drilling success at two assets in Australia - the Ashburton gold and the Bowdens silver project.
CEO at Vox, Kyle Floyd noted in a statement, that he expects newsflow from the company's 47 royalty assets will continue to increase, driving "significant, organic growth" to its portfolio.
READ: Vox Royalty to acquire a Western Australian gold royalty portfolio for A$325,000
Last month, Kalamazoo Resources (ASX:KZR) (OTCMKTS:KAMRF) (FRA:KR1) reported assays from a maiden drill program at Ashburton (Vox: 1.75% gross revenue royalty), showing intercepts of 9 metres (m) at 5.52 grams per ton (g/t) gold from 148m, including 1m at 22.1 g/t gold from 153m in one hole. This is the first stage in Kalamazoo's campaign to substantially increase the resource.
Vox highlighted that Kalamazoo's management has publicly disclosed an internal exploration target for Ashburton of between 2 and 3 million ounces of gold.
At Silver Mines Ltd's (ASX:SVL) Bowdens silver-lead-zinc project, Vox holds a 0.85% gross revenue royalty on the asset and a 1% gross revenue royalty over surrounding regional exploration tenure.
On February 19 this year, Silver Mines announced outstanding high-grade drill results, including 34.6m at 471 g/t silver equivalent and 7m at 1,090g/t silver equivalent.
Elsewhere, at the Bulong gold project operated by Black Cat Syndicate (ASX:BC8), and where Vox has a 1% net smelter royalty (NSR) over part of the asset, the former has entered into an exclusive 30-day option to acquire a 1.5 million tonnes per annum (Mtpa) milling facility, inclusive of associated equipment for a total of A$1.41 million.
The option on the mill further supports Black Cat's prior guidance of starting mining at Bulong in the fourth quarter of 2021, highlighted Vox.
The royalty group also pointed to a resource and reserve update at the feasibility-stage Lynn Lake gold project by Alamos Gold Inc (TSE:AGI) (NYSE:AGI), where it holds a 2% gross gold proceeds royalty on part of the deposit.
Also highlighted in the statement were a recapitalisation, management change and final investment decision guidance for the feasibility-stage Sulphur Springs copper-zinc project by Venturex Resources Ltd (ASX:VXR) (FRA:IHB), where Vox has a production royalty and the timing of a preliminary economic assessment (PEA) for Tartisan Nickel Corp's (CSE:TN) (OTCMKTS:TTSRF) (FRA:8TA) Kenbridge nickel-copper project (VOX: 1% NSR).
Vox also pointed to a drilling update at the Kookynie gold project by Metalicity Ltd (ASX:MCT) (FRA:HCL), and permitting timeline guidance for the Montanore silver-copper project by Hecla Mining Co (NYSE:HL), where Vox holds production royalties on both.
Contact the author at giles@proactiveinvestors.com