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Vox Royalty eyeing catalyst-rich 2021 as it completes Brits royalty acquisition and updates on operating partner news

Vox struck a deal with Sable Metals and Minerals Pty Ltd to acquire the 1.75% Brits gross sales royalty

Vox Royalty -
The Brits deal gives Vox exposure to a near-term production asset next to Bushveld Minerals' producing Vamteco mine and processing facility

Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) described the year gone as 'transformational' on Friday as the company updated on partner operating news and said it had completed the previously announced acquisition of the Brits vanadium royalty.

As reported in late November, Vox struck a deal with Sable Metals and Minerals Pty Ltd to acquire a 1.75% gross sales royalty for US$2 million, giving it exposure to a near-term production asset next to Bushveld Minerals (LON:BMN) producing Vamteco mine and processing facility.

READ: Vox Royalty hails positive arbitral award for its Graphmada project sales royalty

"The completion of the Brits transaction and this exciting operating partner news flow rounds out a truly transformational 2020 year for Vox and promises a catalyst-rich 2021 year," said Kyle Floyd, Vox chief executive, in a statement.

"This year we announced the acquisition of over 30 new royalties, increased our producing royalty count and noted over 120,000 metres of partner-funded drilling on our royalty properties. We are very grateful to our 42 operating partners for their efforts during a dynamic 2020."

Vox holds a 1.5% net smelter royalty (NSR) on Thor Explorations' (CVE: THX) Segilola gold project in Nigeria. On December 10 this year, Thor announced a final set of encouraging drill results from its in-pit and extensional diamond core drilling program for the project, which is scheduled to pour first gold in the second quarter of 2021.

Elsewhere, Karora Resources Inc (TSE:KRR) (OTCMKTS:KRRGF) (FRA:5RN1) issued a reserve and resource estimate for its two main assets - Beta Hunt and Higginsville - in Western Australia, which showed an increase to proven and probable (2P) gold reserve of 334% to 1.33 million ounces. Also the measured and indicated (M&I) gold resource was lifted by 167% to 2.52 million ounces.

Vox holds at Dry Creek, which is part of the Higginsville plan, a A$0.68/gram gold per tonne ore treated royalty.

At Alamos Gold's (TSE:AGI) Lyn Lake asset (Vox holds a 2% gross proceeds royalty) Alamos announced this month its 2021 production and operating guidance, stating that the capital budget for the project is $13 million, including $6 million for development activities and $7 million for exploration.

The environmental impact study (EIS) was submitted in the second quarter of 2020, initiating a permitting process which is expected to take around two years, to be followed by about  a further two years of construction, assuming a positive construction decision.

Finally, Metalicity Limited (ASX: MCT) has reported that assays from 2020 drilling are expected to be reported in the coming months and drilling is set to resume at the Kookynie gold project in western Australia in mid-January 2021. Vox holds a A$1/t ore production royalty, including grade escalator, at that asset.

Vox Royalty is a high growth precious metals royalty and streaming company with a portfolio of over 45 royalties and streams spanning nine jurisdictions.

Contact the author at giles@proactiveinvestors.com

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Price: 3.04 CAD

Market: TSX-V
Market Cap: $100.2 m

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