Commencement of Gold Mining at the Plutonic East Mine and the Boundary Deposit in Western Australia
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) announces significant developments from two royalty operating partners in Western Australia. Catalyst Metals has achieved first gold underground stoping ore at the Plutonic East mine, where Vox holds a grade-linked tonnage royalty. Simultaneously, Black Cat Syndicate has commenced mining at the Boundary open pit, covered by Vox's uncapped 1.0% NSR royalty.
At Plutonic East, Catalyst has established surface infrastructure and mobilized a dedicated fleet within 12 months of Vox's US$800,000 royalty acquisition. The project is strategically located 2km from Catalyst's Plutonic Processing Plant. Meanwhile, Black Cat has secured A$65M through an oversubscribed placement to accelerate mine development, with processing from both Myhree and Boundary deposits transitioning to their newly acquired Lakewood facility in April 2025.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) annuncia sviluppi significativi da due partner operativi di royalty in Australia Occidentale. Catalyst Metals ha raggiunto il primo minerale d'oro sotterraneo a Plutonic East, dove Vox detiene una royalty legata al tonnellaggio e al grado. Contemporaneamente, Black Cat Syndicate ha avviato l'estrazione presso la miniera a cielo aperto Boundary, coperta dalla royalty NSR dell'1.0% senza limiti di Vox.
Presso Plutonic East, Catalyst ha stabilito infrastrutture superficiali e mobilitato una flotta dedicata entro 12 mesi dall'acquisizione della royalty da 800.000 dollari USA da parte di Vox. Il progetto è strategicamente situato a 2 km dall'impianto di lavorazione Plutonic di Catalyst. Nel frattempo, Black Cat ha assicurato 65 milioni di dollari australiani attraverso un collocamento sovrascritto per accelerare lo sviluppo della miniera, con il trattamento dei depositi di Myhree e Boundary che passerà alla loro nuova struttura di Lakewood nell'aprile 2025.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) anuncia desarrollos significativos de dos socios operativos de regalías en Australia Occidental. Catalyst Metals ha logrado el primer mineral de oro subterráneo en la mina Plutonic East, donde Vox posee una regalía vinculada al tonelaje y al grado. Al mismo tiempo, Black Cat Syndicate ha comenzado la minería en la mina a cielo abierto Boundary, cubierta por la regalía NSR del 1.0% sin límites de Vox.
En Plutonic East, Catalyst ha establecido infraestructura de superficie y movilizado una flota dedicada en 12 meses desde la adquisición de regalías de Vox por 800,000 dólares estadounidenses. El proyecto está estratégicamente ubicado a 2 km de la planta de procesamiento Plutonic de Catalyst. Mientras tanto, Black Cat ha asegurado 65 millones de dólares australianos a través de una colocación sobredimensionada para acelerar el desarrollo de la mina, con el procesamiento de los depósitos de Myhree y Boundary que se trasladará a su nueva instalación de Lakewood en abril de 2025.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR)는 서호주에서 두 개의 로열티 운영 파트너로부터 중요한 발전을 발표했습니다. Catalyst Metals는 Vox가 등급에 따라 로열티를 보유한 Plutonic East 광산에서 첫 번째 금 지하 채굴 광석을 달성했습니다. 동시에 Black Cat Syndicate는 Vox의 제한 없는 1.0% NSR 로열티가 적용되는 Boundary 노천 광산에서 채굴을 시작했습니다.
Plutonic East에서 Catalyst는 Vox의 80만 달러 로열티 인수 후 12개월 이내에 표면 인프라를 구축하고 전담 함대를 동원했습니다. 이 프로젝트는 Catalyst의 Plutonic 가공 공장에서 2km 떨어진 전략적으로 중요한 위치에 있습니다. 한편, Black Cat은 광산 개발을 가속화하기 위해 초과 청약된 배치를 통해 6,500만 호주 달러를 확보했으며, Myhree 및 Boundary 광상에서의 가공이 2025년 4월에 새로 인수한 Lakewood 시설로 전환될 예정입니다.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) annonce des développements significatifs de deux partenaires opérationnels de redevances en Australie-Occidentale. Catalyst Metals a atteint le premier minerai d'or souterrain à la mine de Plutonic East, où Vox détient une redevance liée au tonnage. En parallèle, Black Cat Syndicate a commencé l'exploitation minière à la carrière à ciel ouvert de Boundary, couverte par la redevance NSR de 1,0 % sans plafond de Vox.
À Plutonic East, Catalyst a établi une infrastructure de surface et mobilisé une flotte dédiée dans les 12 mois suivant l'acquisition par Vox d'une redevance de 800 000 USD. Le projet est stratégiquement situé à 2 km de l'usine de traitement Plutonic de Catalyst. Pendant ce temps, Black Cat a sécurisé 65 millions AUD grâce à un placement sursouscrit pour accélérer le développement de la mine, avec le traitement des dépôts de Myhree et de Boundary qui sera transféré vers leur nouvelle installation de Lakewood en avril 2025.
Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) kündigt bedeutende Entwicklungen von zwei royalty-betrieblichen Partnern in Westaustralien an. Catalyst Metals hat das erste Gold unterirdisches Abbauerz in der Plutonic East Mine erreicht, wo Vox eine tonnagegebundene Royalty hält. Gleichzeitig hat Black Cat Syndicate mit dem Abbau im Boundary-Tagebau begonnen, der durch Vox' unbegrenzte 1,0% NSR-Royalty abgedeckt ist.
In Plutonic East hat Catalyst innerhalb von 12 Monaten nach dem Erwerb der 800.000 USD Royalty von Vox Oberflächeninfrastruktur geschaffen und eine dedizierte Flotte mobilisiert. Das Projekt befindet sich strategisch 2 km von Catalysts Plutonic Processing Plant entfernt. In der Zwischenzeit hat Black Cat 65 Millionen AUD durch eine überzeichnete Platzierung gesichert, um die Entwicklung der Mine zu beschleunigen, wobei die Verarbeitung der Myhree- und Boundary-Lagerstätten im April 2025 in ihre neu erworbene Lakewood-Anlage übergehen wird.
- First gold production achieved at two royalty properties (Plutonic East and Boundary)
- Rapid development at Plutonic East - from acquisition to production in under 12 months
- Black Cat secured A$65M funding to accelerate mine development
- Processing transition to new Lakewood facility will bring production forward by up to 15 months
- None.
Insights
Vox Royalty has received significant positive news with the simultaneous production commencement at two royalty-linked gold mines in Western Australia. This development materially accelerates the company's 2025 revenue timeline.
The Plutonic East mine has achieved first stoping ore remarkably quickly - within just 12 months of project commencement and only 18 months after Vox's
Equally important is Black Cat's ahead-of-schedule mining commencement at the Boundary deposit. Their
The current gold price environment of
The accelerated timeline across both assets transforms Vox's near-term cash flow profile, with both royalties now contributing to 2025 revenue rather than being viewed as 2026-2027 assets.
DENVER, CO / ACCESS Newswire / March 20, 2025 / Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR) ("Vox" or the "Company"), a returns focused mining royalty company, is pleased to provide recent developments from royalty operating partners: Catalyst Metals Ltd ("Catalyst"), which achieved first gold underground stoping ore at the Plutonic East mine (which is covered by Vox's grade-linked tonnage royalty), and Black Cat Syndicate Limited ("Black Cat"), which commenced mining at the Boundary open pit (covered by Vox's uncapped
Spencer Cole, Chief Investment Officer stated: "The past week has seen two additional royalty-linked gold deposits in Western Australia commence production, which are both expected to contribute to Vox's 2025 revenue. Within 6 months of Vox's Plutonic East royalty acquisition, Catalyst commenced dewatering and rehabilitation of the underground workings and in less than 12 months have advanced the project to first gold ore production. Likewise, following its recent A
Plutonic East Gold Royalty - First Stoping Ore Achieved(1)
On March 14, 2025, Catalyst announced first stoping ore from the Plutonic East underground mine, expected to be processed via its currently underutilized Plutonic Processing Plant, which is located 2km from Plutonic East.
Plutonic East is described as a low-risk ore source, allowing Catalyst to diversify production away from the predominantly remnant mining activity ongoing at the main non-royalty-linked Plutonic Mine.
This milestone aligns with Catalyst's stated strategy to increase production twofold from the Plutonic Gold Belt over the next 12-18 months.
In the past three months, activity has ramped up, with a dedicated fleet mobilized, surface infrastructure (including a power plant, office and workshop) established, and development towards stoping zones progressing as planned.
Royalty Background: Vox holds a grade-linked, uncapped tonnage royalty over the majority of the Plutonic East underground mine and surrounding tenure. Re-development activities at Plutonic East commenced in April 2024, shorty after Vox's royalty acquisition in October 2023 for US
$800,000.
Source: https://api.investi.com.au/api/announcements/cyl/3f261ea7-ceb.pdf
Bulong Gold Royalty - Boundary Deposit Mining and Capital Raising(2)
On March 14, 2025, Black Cat announced that firm commitments had been received for A
$65M from new and existing investors via an oversubscribed two-tranche placement, with proceeds expected to accelerate mine development in order to supply its recent acquisition of the Lakewood 1.2Mtpa processing facility, bringing forward production at the Kal East Gold Operation by up to 15 months.As part of this capital raising, Black Cat outlined that mining at Boundary would commence in March 2025, and that processing from both the Myhree and Boundary royalty-linked deposits would transition to Black Cat's newly acquired Lakewood facility in April 2025.
On March 14, 2025, Black Cat's private mining services contractor, Mineral Mining Services, announced that it had supported the commencement of the Boundary Pit expansion:
"Our technical services and operations teams worked collaboratively to identify operational improvements within the mine plan, accelerating mine progression and maximising productivity"; and
"This early delivery of ore directly contributes to Black Cat's ability to capitalise on the high gold price environment and accelerate their production plans."
Separate to mining of the Boundary open pit deposit, Black Cat also confirmed that underground portal works are scheduled to commence at the Myhree underground deposit in the Q4 2025.
Royalty Background: Vox holds an uncapped
1% NSR over the Myhree, Boundary, Queen Margaret, Melbourne United, Strathfield and Trump gold deposits at the Kal East Gold Project. Initial production and toll-treatment of Myhree open pit ore (via the nearby Paddington mill) commenced in Q3 2024.
Figure 2: Kal East Gold Acceleration Strategy & Timeline
Source: https://api.investi.com.au/api/announcements/bc8/abc1eeed-e84.pdf
Qualified Person
Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a "Qualified Person" under NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this press release.
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 www.voxroyalty.com.
For further information contact:
Spencer Cole |
| Kyle Floyd |
Chief Investment Officer |
| Chief Executive Officer |
| ||
(720) 602-4223 |
| (720)-602-4223 |
Cautionary Statements to U.S. Securityholders
This press release and the documents incorporated by reference herein, as applicable, have been prepared in accordance with Canadian standards for the reporting of mineral resource and mineral reserve estimates, which differ from the previous and current standards of the U.S. securities laws. In particular, and without limiting the generality of the foregoing, the terms "mineral reserve", "proven mineral reserve", "probable mineral reserve", "inferred mineral resources,", "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced herein and the documents incorporated by reference herein, as applicable, are Canadian mineral disclosure terms as defined in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Definition Standards").
For U.S. reporting purposes, the U.S. Securities and Exchange Commission (the "SEC") has adopted amendments to its disclosure rules (the "SEC Modernization Rules") to modernize the mining property disclosure requirements for issuers whose securities are registered with the SEC under the U.S. Securities Exchange Act of 1934, as amended, which became effective February 25, 2019. The SEC Modernization Rules more closely align the SEC's disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards, including NI 43-101, and replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7. Issuers were required to comply with the SEC Modernization Rules in their first fiscal year beginning on or after January 1, 2021. As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Definition Standards. Accordingly, mineral reserve and mineral resource information contained or incorporated by reference herein may not be comparable to similar information disclosed by companies domiciled in the U.S. subject to U.S. federal securities laws and the rules and regulations thereunder.
As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources." In addition, the SEC has amended its definitions of "proven mineral reserves" and "probable mineral reserves" to be "substantially similar" to the corresponding CIM Definition Standards that are required under NI 43-101. While the SEC will now recognize "measured mineral resources", "indicated mineral resources" and "inferred mineral resources", U.S. investors should not assume that all or any part of the mineralization in these categories will be converted into a higher category of mineral resources or into mineral reserves without further work and analysis. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that all or any measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will be economically or legally mineable without further work and analysis. Further, "inferred mineral resources" have a greater amount of uncertainty and as to whether they can be mined legally or economically. Therefore, U.S. investors are also cautioned not to assume that all or any part of inferred mineral resources will be upgraded to a higher category without further work and analysis. Under Canadian securities laws, estimates of "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms are "substantially similar" to CIM Definitions, there are differences in the definitions under the SEC Modernization Rules and the CIM Definition Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as "proven mineral reserves", "probable mineral reserves", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards adopted under the SEC Modernization Rules or under the prior standards of SEC Industry Guide 7.
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 from various mining projects, expectations regarding the size, quality and exploitability of the resources at various mining projects, future operations and work programs of Vox's mining operator partners, the receipt of expected and potential royalty payments derived from various royalty assets of Vox, anticipated future cash flows and future financial reporting by Vox, and the successful completion of capital raising activity by its operating partners (on which subsequent activity may be conditional upon).
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 or stream 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 conflict in Ukraine and the middle east, 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, 2023 available at www.sedarplus.ca and the SEC's website at www.sec.gov (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
References & Notes:
Catalyst Metals Ltd. - First stoping ore from Plutonic East - Dated March 14, 2025:
https://api.investi.com.au/api/announcements/cyl/3f261ea7-ceb.pdfBlack Cat Syndicate Limited - Strongly Supported Placement for Kal East Acceleration - Dated March 14, 2025:
https://api.investi.com.au/api/announcements/bc8/5a37a4fa-f9b.pdf
SOURCE: Vox Royalty Corp.
View the original press release on ACCESS Newswire
FAQ
What are the key milestones achieved at Vox Royalty's (VOXR) Western Australian gold projects in March 2025?
How much did Black Cat raise in their March 2025 capital raising and what is it used for?
What type of royalty does VOXR hold over the Plutonic East mine and when was it acquired?
What is the timeline for Black Cat's Myhree underground development at VOXR's royalty property?
