Vox Royalty acquires Wyloo North iron ore royalty

Executive Summary

• Vox Royalty Corp. entered a binding agreement to acquire a 1.5 % gross revenue royalty on the first 15 million tonnes of iron ore from Fortescue’s Wyloo North project for approximately US$1 million (AU$1.5 million).
• The royalty targets high‑grade iron ore (≈59.6 % Fe) in a large, seven‑km‑long deposit located near Fortescue’s existing Eliwana operation, enhancing Vox’s exposure to a potentially fast‑tracked production asset.
• The acquisition aligns with Vox’s strategy of securing royalties on large, high‑grade orebodies operated by major miners and is expected to generate meaningful returns once the Wyloo North mine commences production.

Key Details

• Transaction Value: AU$1.5 million (≈US$1 million).
• Royalty Terms: 1.5 % of gross revenue on the first 15 million tonnes of iron ore produced from the Wyloo North deposit.
• Operator: Fortescue Metals Group (FMG) via its subsidiary FMG Pilbara Pty. Ltd., which holds mining lease M47/1567 for the project.
• Deposit Characteristics:
• Length: ~7 km (additional 1.5–2 km western and 0.8–1 km eastern strike extensions).
• Iron grade: 59.6 % Fe (higher than the Greater Western Hub average of 56.8 %).
• Thickness: up to 95 m; dip 20‑60°.
• Proximity to Production: Located ~30 km from FMG’s Eliwana operation, which currently produces 30 Mt/yr of iron ore.
• Resource Context: The most recent inferred resource estimate (pre‑consolidation) is disclosed in the attached table (not reproduced here). Ongoing RC drilling continues to update JORC‑compliant resource models.
• Potential Catalysts:
• Updated resource and reserve classification for Wyloo North.
• Submission of a referral form to the Western Australia EPA for development approval.
• Anticipated ministerial decision to commence mine development.
• Qualified Person: Timothy J. Strong, MIMMM (Kangari Consulting LLC), reviewed and approved the technical disclosure under NI 43‑101.

Notable Quotes

“We are pleased to announce the Wyloo North royalty acquisition in Western Australia, which aligns with Vox's focus on large high‑grade orebodies, operated by large‑cap mining companies with medium‑term development potential via existing infrastructure.” – Spencer Cole, Chief Investment Officer, Vox Royalty Corp.

This release contains forward‑looking statements regarding the anticipated production and financial benefits of the Wyloo North royalty.