TORONTO, ON / ACCESS Newswire / January 21, 2025 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) ("Vox" or the "Company"), a returns focused mining royalty company, is pleased to provide recent developments from royalty operating partners, Norton Gold Fields Pty Ltd, a wholly owned subsidiary of Zijin Mining Group Co., Ltd. ("Norton"), Silver Mines Limited ("Silver Mines") and Alamos Gold Inc. ("Alamos").
Spencer Cole, Chief Investment Officer, stated: "We're excited to start the new year with key royalty development newsflow, including a significant ownership change for the Bullabulling gold project, the completion of an optimization study for Australia's largest silver project at Bowdens, and a construction decision for Alamos' Lynn Lake gold project. There has been limited disclosure on Bullabulling since Norton acquired the project in 2014, and as Minerals 260's new flagship asset, we expect significant project activity and newsflow in 2025, starting with a planned 80,000m drilling program. The Bowdens optimization study resulted in improved economics and an increase to overall reserves, enabling Silver Mines to engage in detailed funding discussions and advance final permitting. Likewise, the Lynn Lake construction decision and ~$600M capital commitment represents another strong endorsement of our 2 - 4 year anticipated royalty development pipeline, with first production at Lynn Lake expected in 2028."
Key Updates
- The Bullabulling 2.3Moz gold project (1.4Moz Indicated, 0.9Moz Inferred) in Western Australia, to be acquired by Minerals 260 Limited ("Minerals 260") for A$166.5 million, with an 80,000m drilling program planned post-acquisition of Bullabulling.
- Silver Mines has released an optimization study for the Bowdens silver project in New South Wales, Australia, including a 10% increase in mineral reserves over a proposed 16-year mine life.
- Alamos announced the start of construction on the Lynn Lake gold project in Manitoba, Canada, budgeting approximately $600M of capex from 2025 - 2027 and targeting production of 2.2Moz Au over a proposed 17-year mine life.