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Associated Press
2 days ago
- Business
- Associated Press
Vox Royalty Announces Major Expansion Approval at Binduli North Gold Project
DENVER, CO / ACCESS Newswire / July 23, 2025 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) ('Vox' or the 'Company'), a returns focused mining royalty company, is pleased to announce a significant development at the producing, gold royalty-linked Binduli North gold project in Western Australia. Norton Gold Fields Pty Ltd ('Norton'), a wholly-owned subsidiary of Hong Kong and Shanghai-listed, Zijin Mining Group Co., Ltd., has received regulatory approval for a new Mining Proposal (defined below) 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 US$2M in annual revenue1, which equates to an annual 50% cash return1 on its initial purchase price. The addition of (i) a mobile crushing circuit, (ii) expanded stockpiles, and (iii) 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.' Binduli North Expansion Highlights2: Background on Binduli Gold Project3: The Binduli Gold Operation is centrally located approximately 10km west of the City of Kalgoorlie-Boulder, Western Australia, and is a large-tonnage heap leach and open‑pit mining hub comprising Binduli North (royalty-linked) and Binduli South (not royalty linked, undeveloped). The Binduli North tenements include the Fort William, Fort Scott, Karen Louise open pit gold deposits and the large royalty-linked Janet Ivy gold deposit. The Janet Ivy gold mineralisation extends over a 1.3km strike extent, and to an average vertical depth of 130 - 150m from surface. Mineralisation remains open along strike and at depth. Binduli North began ore processing in September 2022, marking the official commencement of production in mid‑2022. In 2024, the mine produced approximately 51,450 ounces of gold in its second full year of production. For more information on Janet Ivy, please visit the Norton website at About Vox Vox is a returns focused mining royalty company with a portfolio of over 60 royalties spanning six 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 target the highest returns on royalty acquisitions in the mining royalty sector. Since the beginning of 2020, Vox has announced over 30 separate transactions to acquire over 60 royalties. Further information on Vox can be found at For further information contact: Spencer Cole Chief Investment Officer [email protected] (720) 602-4223 Cautionary Note Regarding Forward-Looking Statements and Forward-Looking Information This press release contains 'forward-looking statements', within the meaning of the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995 and 'forward-looking information' within the meaning of applicable Canadian securities legislation. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects' or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate' 'plans', 'estimates' or 'intends' or stating that certain actions, events or results " may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved) are not statements of historical fact and may be 'forward-looking statements'. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. The forward-looking statements and information in this press release include, but are not limited to, summaries of operator updates provided by management and the potential impact on the Company of such operator updates, statements regarding expectations for the timing of commencement of development, construction at and/or resource production at Binduli North, expectations regarding the size, quality and exploitability of the resources at Binduli North, future operations and work programs of Vox's mining operator partners and anticipated future cash flows and future financial reporting by Vox. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements, including but not limited to: the impact of general business and economic conditions, including international trade and tariffs; the absence of control over mining operations from which Vox will purchase precious metals or from which it will receive royalty payments, and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; the volatility of the stock market; competition; risks related to Vox's dividend policy; epidemics, pandemics or other public health crises, including the global outbreak of the novel coronavirus, geopolitical events and other uncertainties, such as the changes to United States tariff and import/export regulations, as well as those factors discussed in the section entitled 'Risk Factors' in Vox's annual information form for the financial year ended December 31, 2024 available at and the SEC's website at (as part of Vox's Form 40-F). Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Vox cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Vox has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Vox as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While Vox may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws. None of the TSX, its Regulation Services Provider (as that term is defined in policies of the TSX) or The Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this press release. Technical and Third-Party Information Except where otherwise stated, the disclosure in this press release is based on information publicly disclosed by project operators based on the information/data available in the public domain as at the date hereof and none of this information has been independently verified by Vox. Specifically, as a royalty investor, Vox has limited, if any, access to the royalty operations. Although Vox does not have any knowledge that such information may not be accurate, there can be no assurance that such information from the project operators is complete or accurate. Some information publicly reported by the project operators may relate to a larger property than the area covered by Vox's royalty interests. Vox's royalty interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources and production from a property. References & Notes: SOURCE: Vox Royalty Corp. press release
West Australian
14-05-2025
- Business
- West Australian
Tim Goyder's Minerals 260 tears into unlocking huge gold potential hidden under woodlands of Bullabulling
The woodlands hiding a big gold resource south-west of Coolgardie are silent no more, with drill rigs now ripping into the earth so Minerals 260 can churn out the data to transform the Bullabulling project into a cash cow. The Tim Goyder-chaired company snapped up the 127sqkm project in January from Norton Gold Fields in a deal worth $156.5 million in cash and $10m in scrip, and has wasted no time since — raising $220m and getting the one diamond and three reverse circulation rigs on site on April 15. Bullabulling was mined in the late 1990s and early 2000s — when the gold price was much lower than the current $5000/oz — but has been largely a scene of inactivity since 2014 when Chinese company Norton bought the project. Now Liontown spin-off Minerals 260 has started an 80,000m drilling campaign focused on multiple resource extension targets at depth and along strike, and also infill drilling of the existing resource to upgrade classifications. The company said the 2.3-million-ounce mineral resource estimate was based on extensive historical drilling of 12,000 holes for 530,000m. The overall grade is 1.2g per tonne, with 60 per cent — 39Mt at 1.1g/t for 1.4Moz — being in the indicated category, and 40 per cent — 21Mt at 1.3g/t for 890,000t — inferred. At an investors and analysts site visit on Monday, managing director Luke McFadyen said the company was now undertaking its own studies to expand the resource, and believed there was another '1.6Moz still in the ground'. Bullabulling has several deposits that are the focus of Mineral 260's exploration — Dicksons, Phoenix, Bacchus, Kraken and Gibraltar, with Bacchus and Kraken rated the highest priority for grade and mineralisation. The distance from Dicksons in the north to Kraken in the south is 8.5km. The Phoenix MRE is mostly indicated — 25Mt at 1.1g/t for 850,000t out of a total 27Mt at 1.1g/t for 930,000t. Bacchas has a total MRE of 22Mt at 1.3g/t for 890,000t, with 8.5Mt at 1.2g/t for 330,000t being indicated. Dicksons has 7.7Mt at 0.9g/t for 220,000t and Kraken 2.8Mt at 1.7g/t for 160,000t, all of which is inferred. The company said drilling at Phoenix and Dicksons would focus on depth extensions, and infill drilling would take place at Phoenix. It said the resource was open at depth in multiple locations, and Bacchus remains open along strike to the south. Minerals 260 said there was no MRE as yet for Gibraltar — which is to the east of Kraken — but drilling would soon take place to test depth and strike extensions. The company is aiming to update the project's total mineral resource estimate in the December quarter to a 'reasonable prospects for economic extraction' pit shells standard. It estimates its studies of Bullabulling will take 15 months, with eyes on production in about three years. The operation would be a conventional carbon-in-leach process. Mr McFadyen said Minerals 260 acquired Bullabulling because the company saw a significant opportunity not only in the existing resource but also in the immense exploration potential. 'Our exploration strategy is designed to systematically test the targets we've identified both down-dip and along strike from known mineralisation,' he said. 'Drilling commenced a few weeks ago and we are continuing to ramp-up activity. 'It's an exciting phase for the company as we begin generating a steady flow of drilling results and have concurrently commenced the pre-feasibility study.' And Minerals 260 has added another 450sqkm to the project since picking up Bullabulling, the latest being last week's Belararox option agreement for 26 tenements across 50sqkm. It said the two-year agreement gave it the option of exploring the wider area in a phased approach after the Bullabulling drilling program.
Yahoo
04-04-2025
- Business
- Yahoo
Minerals 260 completes $220m capital raise for Bullabulling gold development in Australia
Minerals 260 has raised capital before costs of $220m for the acquisition and development of the Bullabulling Gold Project in Western Australia (WA). The Bullabulling Gold Project is situated 25km south-west of Coolgardie in WA's Eastern Goldfields region. The capital was raised by offering 1.83 billion new shares at $0.12 each, marking the maximum subscription amount allowed under the public offer. The offering drew strong interest from institutional funds across Asia, North America and Europe, as well as support from domestic institutions and existing shareholders. The capital raise was backed by new and existing investors. Directors and key management participated, contributing $12.7m, with chairman Tim Goyder and his nominees investing $12m. The funds will cover the $156.4m cash component of acquiring the Bullabulling Gold Project from Norton Gold Fields, a Zijin Mining subsidiary. The deal related to the acquisition was signed in January 2025. Minerals 260 chairman Tim Goyder said: 'The successful completion of this capital raising is a significant achievement for the company. The raising was strongly supported by both global and domestic institutions and our existing shareholders. 'Minerals 260 is now in a position to complete the acquisition of the Bullabulling Gold Project, re-commence trading on the ASX [Australian Securities Exchange] and begin our aggressive drilling campaign. We look forward to updating the market regularly about our progress at the project, including the commencement of drilling, soon.' The Bullabulling Gold Project has a JORC 2012 mineral resource estimate of 60 million tonnes (mt) at 1.2 grams per tonne of gold, translating to 2.3 million ounces of gold across granted mining leases within a 293km² tenement package. The project presents considerable exploration potential, with several highly prospective targets identified at depth and along strike. Minerals 260 plans to focus on exploration drilling to expand the mineral resource further. "Minerals 260 completes $220m capital raise for Bullabulling gold development in Australia" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
