Vox Royalty (TSX-V:VOX) Corp has updated on more recent news from its royalty partners, which is expected to unlock further value for the royalty and streaming group's shareholders.
"The last month has been extremely productive for our royalty operator partners, with newsflow linked to production expansions, key permitting approvals and continued exploration success ...," said Riaan Esterhuizen, the executive vice-president of its Australian operations.
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"As examples, the production expansion at Higginsville has the potential to extend the mine life linked to Vox's Dry Creek royalty, and the key permitting approvals at Pitombeiras and Bulong serve to de-risk anticipated 2022 royalty revenue. The Vox team is excited that its royalty portfolio continues to generate an increasing number of catalysts that should benefit the company and its shareholders."
At Karora Resources Inc's Higginsville mine in Australia, where it has a price-linked production royalty, there are plans to expand the processing plant capacity from 1.4 million tonnes per annum (Mtpa) to 2.5Mtpa.
Elsewhere, at Jangada Mines's Pitombeiras vanadium-iron ore project, which is at the preliminary economic assessment (PEA) stage, and where Vox has a 1% net smelter return (NSR) royalty, a trial mining license has been granted.
At the Kookynie advanced exploration-stage gold projects, there has been continued exploration success at the Puzzle North discovery by Genesis (TSX:GDC) Minerals Ltd and bonanza drilling grades at the McTavish deposit by Metalicity Ltd (ASX:MCT), added Vox.
Vox holds a A$1/t production royalty on part of the Kookynie gold project and said in today's statement: "This exploration royalty is being fast-tracked up the development curve towards production, with an initial resource estimate for Puzzle North being aggressively prioritised.
"These royalty-linked Puzzle North deposits have strong potential to be included in Genesis (TSX:GDC)' Ulysses feasibility study over the coming around 12 months."
Finally, Black Cat Syndicate Limited has reported milestone achievements at its Kal East gold project by Black Cat, which included Bulong royalty-linked deposits. Vox holds a 1% NSR over part of the Bulong gold asset.
These achievements include two recently acquired Outokumpu ball mills safely relocated to Kalgoorlie for servicing during the June 2021 quarter, ahead of installation expected in 2022 and approval to develop the underground mine at Majestic
In addition, Black Cat announced on July 14 that 10,000 metres of drilling was planned for the royalty-linked Myhree deposit in the second half of 2021.
Vox is a precious metals royalty and streaming company with a portfolio of more than 50 royalties and streams, which span nine jurisdictions. Since the beginning of 2019, the company has announced over 20 separate transactions to acquire over 45 royalties.
Contact the author at giles@proactiveinvestors.com