leadf
logo-loader
viewVox Royalty

Vox Royalty to acquire a Western Australian gold royalty portfolio for A$325,000

The transaction will expand Vox's total Australian royalties to 31, making it the second-largest publicly traded holder of royalty interests in Australia behind Franco Nevada

Vox Royalty -
Vox Royalty said the gold royalty portfolio will give it exposure to three advanced exploration gold royalties, each located within trucking distance of third-party mills

Vox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) announced that it has agreed to acquire a Western Australian gold royalty portfolio from Gibb River Diamonds Ltd for A$325,000 in cash. 

Vox noted that the transaction will expand its total Australian royalties to 31, making the company the second-largest publicly traded holder of royalty interests in Australia by royalty count, behind Franco Nevada Corporation (TSE:FNV) (NYSE:FNV) (FRA:3FO).   

The company said the gold royalty portfolio will give it exposure to three advanced exploration gold royalties in Western Australia, each located within trucking distance of third-party mills.

“Three gold projects, each the flagship project of their respective operator, are actively being drilled out, and each with economic-width historical gold drilling intersections and located within trucking distance of a mill that has historically treated third party ore,” Vox Royalty Executive Vice President of North America Spencer Cole said in a statement. 

READ: Vox Royalty has the cash and management experience to rapidly grow its portfolio of low-risk mining assets 

He added: “We are very excited to acquire this portfolio and to share the upcoming operating partner news flow with Vox investors.”

The royalty portfolio comprises a 1% Net Smelter Return (NSR) royalty over the Bulgera Gold project operated by Norwest Mineral Ltd, a 1% NSR over the Comet Gold Project operated by Accelerate Resources Ltd, and a 1% NSR over the Mount Monger Gold Project operated by Accelerate and subject to a binding option agreement with Mt Monger Minerals Pty Ltd.

The company added that the transaction will provide it uncapped exposure to the Bulgera Gold deposit, which has an estimate resource of 93,880 gold ounces at 1.0 grams per tonne (g/t).

Vox said the transaction is expected to close in 1Q 2021 and will be funded by the company’s current cash on hand.

Toronto-based Vox Royalty 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.

Notably, it says three-quarters of its assets are located in low-risk Australia. Its assets are mainly precious metals, at over 50% of its net asset value (NAV) but the portfolio also contains base and battery metals.

Contact Sean at sean@proactiveinvestors.com

Quick facts: Vox Royalty

Price: 3.08 CAD

TSX-V:VOX
Market: TSX-V
Market Cap: $101.51 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Vox Royalty named herein, including the promotion by the Company of Vox Royalty in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Vox Royalty extend global presence, snapping up three Western Australian...

Proactive Analyst, (CVE:VOX) Ryan Long presents his analysis on Vox Royalty which has recently extended its first advantage in Australia, acquiring a portfolio of three Western Australian gold royalties for a total cash consideration of A$325,000. Long says once closed, this acquisition will...

1 week ago

2 min read