Vox Royalty announces expansion approval at Binduli North Gold

Vox Royalty (VOXR) announced a significant development at the producing, gold royalty-linked Binduli North gold project in Western Australia. Norton Gold Fields, a wholly-owned subsidiary of Hong Kong and Shanghai-listed, Zijin Mining Group, has received regulatory approval for a new Mining Proposal that includes a planned major expansion to processing throughput and infrastructure. Spencer Cole, Chief Investment Officer stated: “The approval of an expanded Mining Proposal marks a major milestone for our producing Janet Ivy gold royalty at Binduli North. With a 40% increase in crushing and grinding capacity up to 7Mtpa, and a life-of-mine plan of up to 8Mtpa over approximately nine years with mineralization open along strike and at depth, this update significantly enhances royalty revenue potential on our uncapped production royalty. At this expanded 7Mtpa run-rate Vox management expects this royalty to potentially generate over $2M in annual revenue1, which equates to an annual 50% cash return on its initial purchase price. The addition of a mobile crushing circuit, expanded stockpiles, and processing flexibility between heap leach and the Paddington Mill further de-risk this long-life gold operation. We are encouraged by Norton’s continued investment in and operational momentum at one of Vox’s key producing Australian gold royalty assets.”