Vox Royalty Corp. provided recent development and exploration updates from royalty operating partners Aurenne Group Pty Ltd, Black Cat Syndicate Limited, Orla Mining Ltd., Norwest Minerals Limited, and Genesis Minerals Ltd. Key Updates: Mt Ida construction update including the targeted establishment of a 1.2Mtpa gold plant by April 2023 by Aurenne; A mining contractor has been selected, discussions with local mills regarding toll treatment advanced and final high grade drilling results completed at the royalty-linked Myhree gold deposit by Black Cat; Following the corporate acquisition of Gold Standard Ventures Corp., Orla has begun integrating the South Railroad gold project into its growth plans with key priorities including project permitting, review of project schedule, and assessment of current exploration supporting resource expansion; Mining lease application update and further reverse circulation drilling planned at Bulgera by Norwest; and Puzzle North infill drilling success announced by Genesis, which is covered by the Kookynie gold royalty. Mt Ida (Construction – Western Australia) – Construction Update: Vox holds a 1.5% net smelter return royalty subsequent to the first 10,000 ounces of cumulative gold production over part of the Mt Ida gold project in Western Australia, which was acquired in May 2020 for USD 200,000; The Mt Ida royalty tenements are part of the integrated Mt Ida Gold Project ("MIG Project") which encompasses mining of the Bottle Creek, Mt Ida and Quinns deposits over an anticipated ~10 year mine life, which is the subject of Mining Proposal #101557 (approved April 20, 2022), which summarised the following project stages and indicative timeframes: Stage 1 (Bottle Creek): VB North and Emu prospects (non-royalty linked) in Fourth Quarter 2021 – Fourth Quarter 2022; Stage 2 (Bottle Creek): VB, Boags, Southwark, Cascade prospects (non-royalty linked) in Fourth Quarter 2022 – First Quarter 2023; Stage 3 (Mt Ida): Tim's Find, Shepherds Bush prospects (royalty linked) in 2023; and Stage 4 (Quinns): Forest Belle, Boudie Rat prospects (royalty linked) in 2024. Bulong (Pre-Construction – Western Australia) – Mining Contractor Selected & Tolling Discussions Advanced: Vox holds an uncapped 1% net smelter royalty over part of the Bulong gold project in Western Australia;
On November 24, 2022, Black Cat announced: Permits are in place and positioned to start mining with mining contractor selected; and Discussions with local mills are advanced regarding toll treatment. On October 31, 2022, Black Cat announced: The Myhree open pit is fully grade-controlled to a depth of 50m with final assay results that included: 4m @ 17.47g/t Au from 46m (22MYGC064); 4m @ 11.62g/t Au from 30m (22MYGC056); 3m @ 10.73g/t Au from 22m (22MYGC107); 6m @ 5.87g/t Au from 38m (22MYGC078); 2m @ 10.11g/t Au from 52m (22MYGC064); 2m @ 9.76g/t Au from 40m (22MYGC069); 7m @ 4.69g/t Au from 18m (22MYGC057); 3m @ 5.15g/t Au from 21m (22MYGC056); The results reinforced the high-grade open pit Ore Reserve within the Myhree open pit mineral resource; and The Myhree open pit is fully approved and mining can commence once a processing solution is secured.