Vox Royalty (TSX-V:VOX) Corp provided a development and exploration update on some of its royalty interests in Brazil and Australia, which included a 106% increase in the mineral resource at the Pedra Branca platinum group elements project in Brazil and a 113% increase in the gold resource estimate at the Bulgera gold project in Western Australia.
The company also said the Binduli North mine expansion at the Janet Ivy gold project in Western Australia is expected to be a key source of revenue growth for Vox from late-2022 onwards.
“The past month has seen material development at key royalty-linked properties, including three substantial resource upgrades, confirmation that the Binduli North expansion remains on track for H2 2022 and positive metallurgical test work at Puzzle and Bulgera,” Vox Royalty (TSX-V:VOX) CEO Kyle Floyd said in a statement.
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“The development probability of the Pedra Branca, Ashburton, Kookynie/Puzzle and Bulgera royalty properties has been increased as a result of this meaningful progress so far in 2022,” Floyd added.
As well, Vox noted that it believes there is growing potential to generate a revenue multiple of over 50 times on its 2020 Kookynie gold royalty investment in Western Australia.
And, the company said it continues to be excited by the Ashburton gold project in Western Australia's medium-term potential to generate meaningful royalty revenue for Vox.
Toronto-based Vox is a precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions.
Contact Sean at sean@proactiveinvestors.com