VOX PROVIDES DEVELOPMENT & EXPLORATION UPDATES
Based on this strong operator progress, Vox management expects that 2022 has potential to be a record year for discovery drilling, engineering studies being released and projects moving into production.”
Key Development Updates
• Update on the feasibility study, permitting and construction financing at the South Railroad gold project in Nevada by Gold Standard Ventures;
• First production guidance reiterated for H2 2022 at Bulong gold project by Black Cat; and
• Substantial drilling updates at the Bowdens silver project by Silver Mines, the Higginsville mine by Karora, the Pedra
Branca platinum group metals (“PGM”) project by ValOre, and the Uley graphite project by Quantum. South Railroad (Pre-Feasibility) – Feasibility Study Expected Q1 2022
• Vox holds a 0.633% net smelter royalty with advance minimum royalty payments over part of the South Railroad gold project, which is located in the prolific Carlin Trend of Nevada;
• Vox received initial advance minimum royalty payments of ~C$100,000 from the South Railroad royalty in October 2021;
• On November 10, 2021, Gold Standard Ventures announced:
o It anticipates that the feasibility study for the South Railroad project will be completed in Q1 2022;
o In-fill drilling results at the Pinion deposit indicates the possibility of converting approximately 350,000
contained ounces of gold for inclusion in the feasibility mine plan in Pinion Phases 4 and 5, expected to be
majority royalty-linked based on historical disclosure by Gold Standard Ventures;
o Expected timing of the Record of Decision permit is anticipated to be in Q1 2023; and
o It anticipates commencing the construction capital financing process in conjunction with the release of the feasibility study in Q1 2022.
• Vox Management Summary:
The South Railroad project is advancing in line with Vox management expectations based on due diligence completed for the royalty acquisition in June 2021. The majority of the additional ~350,000 ounces expected in Pinion Phases 4 and 5 are expected to be royalty-linked and to generate meaningful royalty revenue for Vox. 2022 promises to be a transformational year for South Railroad with the release of a feasibility study, construction financing process updates and permitting progress.
To read more of the RNS voxroyalty.com/_resources/news/nr-20211118.pdf
Key Development Updates
• Update on the feasibility study, permitting and construction financing at the South Railroad gold project in Nevada by Gold Standard Ventures;
• First production guidance reiterated for H2 2022 at Bulong gold project by Black Cat; and
• Substantial drilling updates at the Bowdens silver project by Silver Mines, the Higginsville mine by Karora, the Pedra
Branca platinum group metals (“PGM”) project by ValOre, and the Uley graphite project by Quantum. South Railroad (Pre-Feasibility) – Feasibility Study Expected Q1 2022
• Vox holds a 0.633% net smelter royalty with advance minimum royalty payments over part of the South Railroad gold project, which is located in the prolific Carlin Trend of Nevada;
• Vox received initial advance minimum royalty payments of ~C$100,000 from the South Railroad royalty in October 2021;
• On November 10, 2021, Gold Standard Ventures announced:
o It anticipates that the feasibility study for the South Railroad project will be completed in Q1 2022;
o In-fill drilling results at the Pinion deposit indicates the possibility of converting approximately 350,000
contained ounces of gold for inclusion in the feasibility mine plan in Pinion Phases 4 and 5, expected to be
majority royalty-linked based on historical disclosure by Gold Standard Ventures;
o Expected timing of the Record of Decision permit is anticipated to be in Q1 2023; and
o It anticipates commencing the construction capital financing process in conjunction with the release of the feasibility study in Q1 2022.
• Vox Management Summary:
The South Railroad project is advancing in line with Vox management expectations based on due diligence completed for the royalty acquisition in June 2021. The majority of the additional ~350,000 ounces expected in Pinion Phases 4 and 5 are expected to be royalty-linked and to generate meaningful royalty revenue for Vox. 2022 promises to be a transformational year for South Railroad with the release of a feasibility study, construction financing process updates and permitting progress.
To read more of the RNS voxroyalty.com/_resources/news/nr-20211118.pdf
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