Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) has provided updates from its royalty operating partners, including Silver Mines Limited (ASX:SVL), Axis Minerals Pty Ltd, and ValOre Metals Corp (CVE:VO), as the companies continue to make progress on Vox’s royalty interests in Australia and Brazil.
“The Bowdens mining lease application, which covers the largest undeveloped primary silver project in Australia, continues to demonstrate a clear pathway to production, which would generate more than $1 million in annual royalty revenues for Vox investors over its 16 year feasibility mine plan,” Vox Royalty executive vice president of Australia Riaan Esterhuizen said in a statement.
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“The potential restart of the Mt Moss Mine over the coming months has the potential to unlock royalty revenue ahead of Vox management expectations. From an exploration perspective, significant 2021 drilling at Pedra Branca, the largest PGM project in South America, and the Puzzle North discovery at Kookynie further support our confidence in medium-term cash flow generation,” Esterhuizen added.
Vox Royalty noted that a mining lease application has been submitted by Silver Mines for the development of the Bowdens silver-lead-zinc project, in which Vox holds a 0.85% gross revenue royalty.
As well, Vox said its royalty operating partner Axis Minerals Pty plans to reopen the Mt Moss iron ore-copper-zinc mine in Australia during the first half of 2021. Vox Royalty holds a 1.5% net smelter royalty (NSR) on base metal, magnetite and silver production at Mt Moss, which had historical production capacity of about 500,000 tonnes of magnetite per annum before being placed on care and maintenance.
Vox also announced that its royalty partner ValOre Metals has begun its 2021 exploration program on the Pedra Branca platinum-group elements (PGE) project in Brazil, which will consist of an 8,000 metre (m) drill program to test six property-wide target areas. Vox holds a 1% NSR on the project.
Toronto-based Vox holds a portfolio of over 45 royalties and streaming assets in Australia, Canada, Peru, Brazil, Mexico, the US, Madagascar and Nigeria. It has 35 operating partners. About three-quarters of its assets are located in Australia and are mainly precious metals, at over 50% of its net asset value.
Contact Sean at sean@proactiveinvestors.com