Vox Royalty Acquires Wyloo North Iron ORE Royalty IN Pilbara Region of Western Australia
VOX ROYALTY ACQUIRES WYLOO NORTH IRON ORE
ROYALTY IN PILBARA REGION OF WESTERN AUSTRALIA
DENVER – August 25, 2025 – Vox Royalty Corp. (TSX: VOXR) (NASDAQ: VOXR) (“Vox” or the “Company”), a returns
focused mining royalty company , is pleased to announce that it has executed a binding agreement to acquire an iron ore royalty
over the Wyloo North iron ore project in the Pilbara region of Western Australia (the “Royalty”), currently operated by Fortescue
Metals Group (“Fortescue”), from an Australian company (the “Vendor”) for A$1.5 million (~US$1 million). The Royalty is a
1.5% Gross Revenue Royalty payable on the first 15 million tonnes of iron ore production from the Wyloo North deposit, which
forms part of Fortescue’s Greater Western Hub.
Spencer Cole, Chief Investment Officer stated: “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. The Wyloo North Royalty is expected to generate meaningful returns once
it enters production. Vox management is confident that the deposit has the potential to be fast -tracked towards production by the
A$60B market cap operator Fortescue.”
Figure 1 – Wyloo North deposit within Fortescue’s Western Hub
(Source: https://minedocs.com/23/Fortescue-MR-06302022.pdf)
Project Overview – Wyloo North(1)
The Wyloo North iron ore deposit is a large 7km -long satellite orebody located within 30km of the producing Eliwana Iron Ore
Operation, which currently produces 30Mtpa iron ore annually. Wyloo North contains some of the highest-grade iron content of
any deposit within Fortescue’s Greater Western Hub (59.6% Fe at Wyloo North compared to the Greater Western Hub total of
56.8% Fe).
FMG Pilbara Pty Ltd (“ FMGP”) Ltd, which is a subsidiary of Fortescue , is the operator of the key Wyloo North mining lease
M47/1567 (formerly M47/1488, M47/1489, M47/1490, M47/1508, E47/1395 and E47/1650 ), which is part of a package of
tenements collectively known as the Wyloo North Project. Exploration mapping and drilling have been carried out on the project
area since mid -2006 and through the results of that drilling , FMGP has identified significant iron ore minerali zation within the
tenement boundaries. During 2006 through to 2016, FMGP conducted extensive mapping programmes throughout the Wyloo North
project. From the mapping focusing on the Marra Mamba and Brockman Iron Formation bedrock, areas of minerali zation were
identified for Reverse Circulation (“RC”) drilling to test for bedded iron deposits and detrital iron deposits.
Figure 2 – Wyloo North key mining lease M47/1567
(Source: https://geodocsget.dmirs.wa.gov.au/api/GeoDocsGet?filekey=a02d3a32-16b3-4d8c-8b3b-fded31c0f21d-
0gy1m0zhqdtokz1z8pcx0l1ss7z87tgp0daltepm)
The iron ore deposits at Wyloo North are variably dipping to the north and north -east ranging from 20 to 60 degrees dip, and
thicknesses up to 95m in vertical thickness. The combined strike length of mineralization through the central project area is over
7kms long, with additional 1.5km – 2km strike length minerali zation in the western region and 800m – 1km strike length of
mineralization on the east of M47/1567. The deposits occur as bedded iron deposits and are hosted within the Brockman Iron
Formation, Marra Mamba Iron Formation and, in part, the Weeli Wolli Formation.
The most recent Wyloo North inferred mineral resource estimate disclosed by Fortescue, prior to its consolidation within the Greater
Western Hub mineral resource total, is as follows:
Table 1 – Wyloo North Mineral Resource within Greater Western Hub (June 2022)
(Source: https://minedocs.com/23/Fortescue-MR-06302022.pdf)
Based on the results obtained from the ongoing RC drilling programs across Wyloo North, JORC compliant resource models have
been estimated on an ongoing basis by Fortescue. From the completion of these prior resource models, Fortescue formed the opinion
that a significant body of potentially economic mineralization exists in the area covered by former tenements M47/1488, M47/1489,
M47/1490, M47/1508, E47/1395 and E47/1650 – which formed the basis of a mining lease application for ML47/1567. This mining
lease application was based on a reasonable prospect that this mineralization will be mined at some future point in time.
Upcoming potential catalysts for Wyloo North Royalty:
• Updated resource and reserve classification for Wyloo North deposit;
• Lodgement of a Referral Form with the Western Australia EPA for Wyloo North development approval; and
• Receipt of Ministerial Decision to commence mine development.
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 and streams spanning eight 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 25 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
+1-345-815-3939
+1-345-815-3939
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”). In addition to NI 43-101, a number of resource and
reserve estimates have been prepared in accordance with the JORC Code (as such term is defined in NI 43-101), which differ from
the requirements of NI 43-101 and U.S. securities laws but is defined in NI 43 -101 as an “acceptable foreign code”. Readers are
cautioned that a qualified person has not carried out independent work to validate the JORC Code resource and reserve estimates
referenced herein.
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 eli gible 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”, “indicate d mineral
resources” and “inferred mineral resources”, U.S. investors should not assume that all or any part of the mineralization in t hese
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 al l or any
measured mineral resources, indicated mineral resources, or inferred mineral resources that the Company reports are or will b e
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 dif ferences 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 reserve s”,
“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
disclosure provided by management and the potential impact on the Company of such operator disclosure, statements regarding
expectations for the timing of commencement of resource updates, development, construction at and/or resource production at
Wyloo North, expectations regarding the size, quality and exploitability of the resources at Wyloo North, and requirements for and
operator ability to receive regulatory approvals.
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; 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 implementatio n 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, s uch as
the conflict in Ukraine, 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, 202 4 available at www.sedar.com 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, planne d,
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 statement s
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 r elease
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 ope rators
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 la rger
property than 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 from a property.
References & Notes:
(1) Wyloo North project commentary and maps sourced from the following December-2017 documents on the MINEDEX
database:
a. Mineralisation Report in support of Application for Mining Lease application 47/xxxx (Wyloo North Project)
b. Mining Statement in support of Application for Mining Lease application 47/xxxx (Wyloo North Project)
c. Link to both documents: https://geodocs.dmirs.wa.gov.au/Web/documentlist/8/ML_NUM/M47%2F1567