sur Vox Royalty Corp. (CVE:VOXR)
Vox Royalty Acquires Feasibility-Stage Stockman Copper-Gold Royalty in Australia
Vox Royalty Corp. has entered a binding agreement to acquire a 1.5% Net Smelter Return royalty over the Stockman project in Victoria, Australia. This acquisition is made from IGO Stockman Project Pty Ltd for up to A$15 million, with A$5 million payable at closing and A$10 million deferred.
The Stockman project, operated by Aeris Resources Limited, is recognized as one of Australia's most advanced undeveloped polymetallic projects. The acquisition aligns with Vox's focus on returns, with potential for over $3 million in annual royalty revenue based on a 12-year mine life feasibility study.
The project has all primary permits for mining and onsite processing. Aeris plans to update the feasibility study soon, with significant community support and promising metallurgical test results reported.
R. H.
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