Vox Royalty Corp. (TSX-V: VOX) is pleased to announce that it has entered into a binding agreement with Gibb River Diamonds Ltd. pursuant to which Vox will acquire a Western Australian gold royalty portfolio for total cash consideration of A$325,000.

The royalty portfolio comprises a 1% Net Smelter Return royalty over the Bulgera Gold project operated by Norwest Mineral Ltd. (ASX: NWM), a 1% NSR over the Comet Gold Project operated by Accelerate Resources Ltd. (ASX: AX8) and a 1% NSR over the Mount Monger Gold Project operated by Accelerate and subject to a binding option agreement with Mt Monger Minerals Pty Ltd.

Transaction Highlights

• Strengthens Vox’s first-mover position as the second largest publicly traded holder of royalty interests in Australia by royalty count behind Franco Nevada Corporation (TSX: FNV)(NYSE: FNV), with an expanded total of 31 Australian royalties.
• Exposure to three advanced exploration gold royalties in Western Australia, each located within trucking distance of third-party mills.
• Uncapped exposure to the Bulgera Gold deposit which hosts a JORC-compliant resource estimate of 2.92Mt @ 1.0g/t for 93,880 ounces (per Norwest announcement on 8 April 2020)
• Significant organic news flow from the 5,000m reverse circulation drilling program at Bulgera that Norwest commenced in the December-2020 quarter and Accelerate’s 1,914m RC drilling program at the Comet Gold project announced in their December-2020 quarterly.

Spencer Cole, Executive Vice President of North America stated: “Not all advanced exploration royalties are created equal. Three gold projects, each the flagship project of their respective operator, are actively being drilled out, and each with economic-width historical gold drilling intersections and located within trucking distance of a mill that has historically treated third party ore. We are very excited to acquire this portfolio and to share the upcoming operating partner news flow with Vox investors.”

Asset Overview – Bulgera⁽¹⁾

The Bulgera Gold Project comprises two granted exploration licences, E52/3316 and E52/3276, covering 36.8km² over the northeast end of the Plutonic Well Greenstone Belt, 200km northeast of Meekatharra. The project is located 20km northeast of the Marymia mining centre and 48km via existing haul road from the operating Plutonic gold mine which has produced over 5.5 million ounces of gold since 1990. The Plutonic mine is owned by Superior Gold Inc. (TSXV: SGI).

The project contains four shallow open pits that have undergone two phases of mining between 1996 and 1998 and again between 2003 and 2004. Mining of the four pits (being Bulgera, Mercuri, Venus and Price) produced a reported 440,799 tonnes of ore @ 1.65 g/t Au for 23,398 ounces. The ore was treated at the Marymia mining centre during the first phase and the Plutonic processing facility during the second phase.

The Bulgera greenstone package has been interpreted as a faulted extension of the Marymia mine sequence across a system of curved thrusts where Marymia and Bulgera are offset. This is supported by the similarity in lithologies between the deposits and the magnetics which show the drag of the Bulgera trends into the interpreted fault structures.

Vango Mining Ltd (ASX: VAN) is aggressively exploring the Marymia tenements along the mafic ultramafic mine sequence where they have made a number of high-grade gold discoveries including the Trident deposit being 1.59Mt @ 8g/t gold for 410,000 ounces. The Bulgera Gold Project location is endowed with infrastructure including the large Plutonic Gold Mine operating nearby, two gas-fired power stations, overhead transmission power lines, bore fields, airstrip and camp facilities.

Figure 1: Bulgera Project Location (Norwest April 2020 resource upgrade announcement)

Bulgera Resource Estimate as at April 8, 2020⁽²⁾

Table 1: Bulgera Mineral Resource at a cut-off grade of 0.6g/t gold ⁽⁴⁾

Asset Overview – Comet Gold⁽³⁾

The Comet Gold Project comprises one exploration licence, E20/908 covering 37.2km², located approximately 115 km south-southwest of Meekatharra and 20 km southeast of Cue. The project covers part of the Meekatharra to Mount Magnet Greenstone belt, located at the southern end of the Tuckabianna Shear Zone.

During Q4 2020, Accelerate reported assay results from two phases of RC drilling (1,914m over 27 holes) at the Comet Gold project. According to Accelerate “drilling significantly upgraded the potential of Comet East to host economically mineable gold mineralization” and “drilling confirmed high-grade, shallow gold mineralisation at Comet East, with potential to define shallow gold resources amenable to open pit mining”.

The Comet East prospect is situated approximately one kilometre east of the Comet Mine Trend; the host structure of the Comet-Eclipse Gold Mine. The Comet Mine is operated by Westgold Resources (ASX: WGX).

Figure 2: Comet Gold Project Location (Accelerate Q4 2020 quarterly)

Accelerate intends to undertake a review of the Q4 2020 drilling results with a view to developing the next phase of potential evaluation work at the Comet Gold Project.

Transaction Closing

Closing of the Transaction is expected to occur in the Q1 2021. Closing of the Transaction will occur following satisfaction of customary conditions. Vox will use current cash on hand to fund the payment of the Transaction.

Restricted Share Units Grant

The Company has granted an aggregate of 116,108 RSUs to independent board members. The vesting of the RSU’s occurs in three stages, with 25,802 RSUs vesting immediately, 45,153 RSUs vesting on the first anniversary and 45,153 vesting on the second anniversary dates. Each RSU entitles the holder to receive one common share of the Company.

Qualified Person

Timothy J. Strong, MIMMM, of Kangari Consulting Limited and a “Qualified Person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.

About Vox

Vox is a high growth precious metals royalty and streaming company with a portfolio of over 40 royalties and streams spanning nine jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 15 separate transactions to acquire over 40 royalties.

Figure 1: Bulgera Project Location (Norwest April 2020 resource upgrade announcement) (CNW Group/Vox Royalty Corp.)

Table 1: Bulgera Mineral Resource at a cut-off grade of 0.6g/t gold (4) (CNW Group/Vox Royalty Corp.)

Figure 2: Comet Gold Project Location (Accelerate Q4 2020 quarterly) (CNW Group/Vox Royalty Corp.)