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Vox Royalty lines up accretive royalty deal in Nevada

Vox Royalty (CVE:VOX) has entered into a binding agreement to acquire an effective aggregate 0.633% net smelter returns royalty on part of Gold Standard Ventures Corp's (CVE.GSV) Railroad-Pinion Gold Project.

The Railroad-Pinion Gold Project is located on the prolific Carlin Trend in Elko County, Nevada. The Carlin Trend has historically produced >80Moz of gold historically. Vox is acquiring the royalty from a legacy family of ranchers for a total cash consideration of US$1.98mln.

Vox is expected to begin realising revenue immediately after the close of the transaction, due June 30, as the royalty has associated advance minimum royalty payments of over C$120,000 per annum.

This advanced payment will continue until production commences at the South Railroad portion of the Railroad-Pinion Gold Project, at which point we expect the potential cash flow from the royalty to increase.

Gold Standard Ventures has already received a term sheet for a US$200mln financing package from an internationally recognised mining investment management firm, to cover the construction of a heap leach operation at the South Railroad portion of the Project. Having this package in place reduces the development risk associated with the royalty Vox is planning to acquire.

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Price: 3.24 CAD

Market Cap: $128.68 m

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