Vox Notes Bulong 2021 Mining Commencement Target and Key Exploration Update from Operating Partners
VOX NOTES BULONG 2021 MINING COMMENCEMENT TARGET AND
KEY EXPLORATION UPDATE FROM OPERATING PARTNERS
GEORGE TOWN, CAYMAN ISLANDS – December 10, 2020 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or
the “Company”), a high growth precious metals focused royalty company, notes recent announcements from royalty
operating partners Black Cat Syndicate Ltd. (ASX: BC8) (“Black Cat”) confirming estimated production timing for
the Bulong gold royalty and ValOre Metals Corp. (TSXV: VO) (“ValOre”) detailing significant exploration success
for the Pedra Branca Platinum Group Element (“PGE”) royalty, respectively.
Highlights – Bulong 1% NSR royalty – High Grade Gold, Open Pit, Approaching Production
• On November 26, 2020 Black Cat released an announcement entitled “Initial Scoping Studies Support
Pathway to Production ” (the “Studies”), which summarized the company’s objectiv e to construct a
500,000tpa processing facility, targeting commencement of Stage 1 open pit mining at the Myhree deposit
(royalty-linked) in the December 2021 quarter and full production in the March 2022 quarter.
• The Studies contemplated the initial toll-treatment of the Myhree deposit via one of the 6 processing facilities
located within 50km of Kalgoorlie or the further 5 processing facilities within 100km of Kalgoorlie.
• Total target production of 168,000oz over an initial four year period is included in the Studies, including
royalty linked production of 79,000oz from Myhree (46,000oz open pit + 33,000oz underground) and
6,000oz from the Boundary open pit.
• According to Black Cat, the Studies will be updated for 527,000oz of resources not yet subject to the Studies
and for results of Black Cat’s ongoing +60,000m drilling program.
Highlights – Pedra Branca 1% NSR royalty – Growing a World-Class PGM+Au Ore Body
• On December 1, 2020 ValOre announced assay results for the final eight Trapia 1 drill holes at ValOre’s
100%-owned Pedra Branca PGE Project in northeastern Brazil. The PGE -bearing ultramafic Trapia 1
intrusion was intercepted in all eight core holes drilled to the south of the resource area identified in the
current National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) report and
PGE mineralization remains open along strike and down-dip.
• All eight drill holes reported in this release from Trapia 1 intercepted continuous, mineralized ultramafic
intrusion with significant 2PGE+Au assay results, including drill hole DD20TU20 which:
o extended and thickened down -dip high-grade mineralization outside and to the south of the Trapia
1 resource area.
o intersected 76.74m @ 1.25 grams per tonne (“g/t”) 2PGE+Au (palladium + platinum + gold) from
176.81 m,
▪ incl. 30.55m @ 2.33 g/t 2PGE+Au, 0.49% Ni and 0.18% Cu from 223.00 m
▪ incl. 15.00m @ 4.19 g/t 2PGE+Au, 0.63% Ni and 0.25% Cu from 226.00 m
Kyle Floyd, Chief Executive Officer stated: “The catalyst-rich and deep portfolio of royalties Vox continues to acquire
at precedent setting pace is building immense value for our shareholders through organic development s and
advancements by our operating partners. It is a pleasure to pass through the news delivered from operating partners
Black Cat and Val Ore. Moreover, when Vox acquired the Bulong royalty from RPM Automotive Group in June 2020,
we believed that this project would be catalyst-rich and had strong potential for near term production. We are thrilled
with this update confirming strong potential for 2021 mining commencement at Bulong. Likewise, the impressive
drilling results from Pedra Branca speak to the world -class nature of this growing orebody, which is already the
largest PGE deposit in South America. We look forward with great anticipation to sharing further exciting organic
news flow over the coming months from over 40 operating partners who are actively progressing projects underlying
our royalty interests.”
For more information on Bulong, please visit the Black Cat website at https://www.blackcatsyndicate.com.au/.
For more information on Pedra Branca, please visit the ValOre website at http://valoremetals.com/.
Qualified Person
Timothy J. Strong, MIMMM, of Kangari Consulting Limited 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 high growth precious metals royalty and streaming company with a portfolio of over 45 royalties and streams
spanning nine 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 become the fastest
growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 15 separate transactions
to acquire over 40 royalties.
Further information on Vox can be found at www.voxroyalty.com.
For further information contact:
Simon Cooper
Vox Royalty Corp.
Vice President, Corporate Development
Riaan Esterhuizen
Vox Royalty Corp.
Executive Vice President, Australia
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 t han the area covered by Vox’s royalty
interests. Vox’s royalty interests often cover less than 100% and sometimes only a portion of the publicly reported
mineral reserves, mineral resources and production of a property.
Cautionary Note Regarding Forward Looking Information
This news release contains certain forward -looking statements. 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”.
The forward -looking statements and information in this press release include, but are not limited to, statements
regarding expectations for the timing of commencement of resource production from the Bulong project in 2021 and
2022, expectations for regarding the size, quality and exploitability of the resources at the Bulong and Pedra Branca
projects, future operations and work programs of Black Cat and Val Ore and future royalty payments derived from
the Bulong and Pedra Branca royalties.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet
determinable and assumptions that, while believed by management to be reasonable, are inherently subject to
significant business, economic and competitive uncertainties and contingencies. Forward -looking statements and
information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability
of Vox to control or predict, that may cause Vox’s actual results, performance or achievements to be materially
different from those expressed or implied thereby, and are dev eloped based on assumptions about such risks,
uncertainties and other factors set out herein, including but not limited to: the requirement for regulatory approvals
and third party consents, the impact of general business and economic conditions, the absen ce of control over the
mining operations from which Vox will receive royalties, including risks related to international operations,
government relations and environmental regulation, the inherent risks involved in the exploration and development
of minera l properties; the uncertainties involved in interpreting exploration data; the potential for delays in
exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-
19 pandemic; the possibility that f uture exploration, development or mining results will not be consistent with Vox’s
expectations; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or
interruptions in operations; fluctuating metal prices; un anticipated costs and expenses; uncertainties relating to the
availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and
the potential for unexpected costs and expenses, commodity price fluctuati ons; currency fluctuations; regulatory
restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other
related risks and uncertainties.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.