Vox Royalty completes acquisition of Kamantoo copper-gold royalty

Vox Royalty (VOXR) has completed the acquisition of an immediately cash-flowing royalty over the producing Kanmantoo copper-gold mine in South Australia, from a private company, for total cash consideration of $11.7 million. The transaction is fully financed by an initial drawdown of $11.7 million from Vox’s credit facility with Bank of Montreal. The Kanmantoo mine is a producing underground mine operated by ASX-listed, Hillgrove Resources, centrally located 55km from the city of Adelaide. The Kanmantoo Royalty is a 2.5% NSR payable monthly, stepping down to 0.50% NSR after reaching cumulative production of 85,000t copper. The transaction is expected to close within a week. Monthly royalty revenue will accrue to Vox’s account from May 1, 2025 onwards.