Vox Royalty closes gold royalty acquisition in NSW

Executive Summary

• Vox Royalty Corp. completed the acquisition of a portfolio of two Australian gold and copper royalties for a total cash consideration of up to $650,000 AUD.
• The portfolio includes a 4.5% gravity gold royalty on the producing Federation mine in New South Wales and an uncapped feasibility-stage copper tonnage royalty in Western Australia.
• The transaction aligns with Vox's strategy of acquiring value in derisked, near-term producing legacy royalties, with the gold royalty acquired at an implied cost of less than $200 per ounce.

Key Details

• Transaction Structure: Total cash consideration of up to $650,000 AUD.
• Payment Terms: $450,000 AUD paid at closing; $200,000 AUD payable upon satisfaction of post-closing conditions, expected to be satisfied later in 2026.
• Asset 1 (Federation Royalty):
  • 4.5% gold royalty payable on production of the first 250,000 ounces of gravity gold.
  • Located on tenement EL6162 in New South Wales, Australia.
  • 46,372 ounces remain payable under this royalty.
  • Operated by a subsidiary of Aurelia Metals Ltd.
  • The Federation mine is a newly constructed underground polymetallic operation producing zinc, lead, gold, and silver concentrates, recently commenced commercial production, and is integrated with Aurelia's regional processing infrastructure.
• Asset 2 (Copper Royalty):
  • Rights to an uncapped feasibility-stage copper tonnage royalty.
  • Located in Western Australia.
  • Tenement currently held and operated by a subsidiary of Aurelia Metals Ltd.
• Valuation Metrics: Vox acquired 2,087 ounces of production-stage GEOs (46,372 oz * 4.5%) at an implied cost of less than $200 per ounce.

Notable Quotes

• "We are pleased to expand our Australian royalty portfolio with two additional Australian royalties, including a meaningful 4.5-per-cent gold royalty over producing tenure operated by Aurelia. We are acquiring 2,087 oz of production-stage GEOs (46,372 oz times 4.5 per cent) at an implied cost of less than $200 per ounce. This transaction aligns with Vox's strategy of acquiring value in derisked precious and base metal assets. Further, we expect an active year on business development within Vox's core focus of acquiring near-term producing legacy royalties." — Spencer Cole, Vox's president and chief investment officer