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Vox Completes Acquisition of Brits Royalty and Notes Production & Development Updates From Operating Partners
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Vox Royalty Corp. (TSXV: VOX) (
Vox or the
Company ), a high growth precious metals focussed royalty company, is pleased to announce that it has completed the acquisition of the Brits Vanadium royalty from Sable Metals and Minerals Pty Ltd (
Sable ) covering a portion of Bushveld Minerals Limited s (LSE: BMN) Brits Vanadium Project (
Brits ), as announced in the Vox press release dated November 25, 2020. Pursuant to the terms of the transaction documents, Sable was issued 140,170 Vox shares for the US$250,000 stock portion of the purchase price. Vox used current cash on hand to fund the US$500,000 cash consideration payable on closing of the transaction. For additional information on the transaction, please refer to Vox press release dated November 25, 2020, available at www.voxroyalty.com.
Consolidated gold Measured and Indicated Mineral Resources increase by 167% to 2.52 million ounces
The new Consolidated gold Mineral Resources and Reserves will form the basis of Karora?s organic growth profile to be announced in the first quarter of 2021
Due to the very strong drilling results only recently received, an updated Spargos Reward Mineral Resource and Reserve will be completed in the first half of 2021 to incorporate the new high grade zone announced on November 18, 2020.
New Beta Hunt nickel Measured and Indicated Mineral Resource, the first since 2016, of 16,100 nickel tonnes
At Higginsville (HGO), re-estimation by Karora in 2020 of Westgold?s Historical Mineral Resources and Reserves1. has enabled these historical estimates to be classified as part of Karora?s current Mineral Resource and Reserve Inventory