Vox Royalty Enters into Binding Agreement to Acquire the White Dam Gold Royalty in Australia
Vox Royalty Enters into Binding Agreement to Acquire the
White Dam Gold Royalty in Australia
DENVER, CO / ACCESS Newswire / September 2, 2026 / Vox Royalty Corp.
(NASDAQ:VOXR)(TSX:VOXR) ("Vox" or the "Company"), a returns-focused mining royalty
and streaming company, is pleased to announce that its subsidiary, Vox Royalty Australia
Pty Ltd. ("Vox Australia"), has entered into a binding agreement to acquire a 2.0% net
smelter return royalty (the "Royalty") over the White Dam gold mine in South Australia
("White Dam" or the "Project"), from an Australian mining company (the "Vendor"), for
total up-front cash consideration of A$5,000,000 (the "Transaction"). The transaction
remains subject to the completion of conditions precedent customary for a royalty
transaction of this nature. White Dam is currently operated by Broken Hill Gold Limited
("Broken Hill Gold", formerly PacGold Limited), an Australian listed company.
Spencer Cole, President and Chief Investment Officer of Vox, stated: "We are pleased to
expand our Australian royalty portfolio with the producing White Dam gold royalty, a
recently recommissioned heap-leach operation in South Australia. White Dam previously
produced approximately 180,000 ounces of gold from 2010 - 2018 at extremely low cash costs
of less than A$1,000/oz, and Broken Hill Gold poured first gold from the restart in April 2026.
Beyond the producing heap-leach operation, the Royalty covers ~400km2 of prospective
tenure and also applies to copper, which was also produced in 2021. In July 2026, Broken Hill
Gold reported a high-grade gold and copper sulphide discovery at White Dam North and a
25,000-metre drilling program is now underway. These are early-stage results that require
further work, but they add meaningful exploration optionality to a producing royalty at no
incremental cost to Vox."
Figure 1: Aerial view of White Dam gold operations site including existing operating
infrastructure and heap leach pad
(Source: Broken Hill Gold website)
White Dam Gold Project Highlights
• Broken Hill Gold poured first gold at the Project in April 2026 and is ramping up the
recommissioned heap-leach operation, initially by re-treating material on the
historic heap-leach pad while advancing a broader mine restart with fresh ore in
2027. Broken Hill Gold is targeting 15,000oz - 20,000oz of annual production(1).
• White Dam historically produced ~180,000oz of gold from heap leaching 7.5Mt of
ore at 0.94 g/t Au from 2010 to 2018. Production was from two pits, Hannaford and
Vertigo, with the White Dam North resource remaining unmined to date.
• On July 31, 2026, Broken Hill Gold announced a A$13 million financing to fund
production ramp-up and a planned expansion, and advance near mine exploration
following the July 2026 White Dam North high-grade gold and copper discovery,
including an engineering study to expand the heap-leach pad base and add
approximately 4Mt of additional leach capacity to support the mine restart(2).
• The Project hosts a JORC (2012) mineral resource estimate comprising indicated
resources of 1.2 Mt @ 0.7 g/t Au for approximately 28,600 ounces of contained gold
and inferred resources of 3.4 Mt @ 0.7 g/t Au for approximately 73,500 ounces of
contained gold (August 2020 estimate)(3).
• The Royalty covers ~400km2 prospective mining and exploration tenure in the
Curnamona Province near Broken Hill, with a 25,000-metre reverse-circulation
("RC") drilling program underway and an updated Vertigo deposit model expected
in Q3 2026(2).
White Dam North Discovery (July 2026)
On July 23, 2026, Broken Hill Gold announced a significant high-grade gold and copper
sulphide discovery at White Dam North, where RC drilling beneath the shallow oxide gold
resource intersected sulphide mineralisation coincident with a magnetic anomaly that
extends up to approximately 1 km along strike and remains open in all directions(4).
Significant assayed intercepts include:
• WNRC006 - 20m @ 2.5 g/t Au and 0.5% Cu from 58m (including 3m @ 12.5 g/t Au
and 1.8% Cu from 68m);
• WNRC010 - 10m @ 3.4 g/t Au and 0.7% Cu from 54m (including 5m @ 5.0 g/t Au
and 1.0% Cu from 56m); and
• WNRC009 - 6m @ 0.8 g/t Au and 0.5% Cu from 45m.
The discovery highlights the copper potential of the tenements covered by the Royalty,
which applies to both gold and copper. White Dam has historically produced copper
concentrate in 2020 and 2021, having operated a SART (sulphidisation-acidification-
recycling-thickening) copper-recovery plant as part of its gold-copper processing circuit.
Royalty Summary
The Royalty covers the mineral tenements that host the Project: ML 6275, ML 6395, MPL
95, MPL 105, MPL 106, MPL 107, MPL 139, EL 6435, and EL 6565 (collectively, the "White
Dam Tenements").
The Royalty entitles Vox to 2.0% of net smelter returns on gold and copper produced from
the White Dam Tenements, which host the Project. The Royalty is uncapped and is not
subject to any buy-back or step-down right, and it continues for the full life of the White
Dam Tenements, including any successor tenements.
Figure 2: Original location map of the White Dam Gold Project and Heap Leach Operation
(Source: GBM Resources Ltd)(5)
Consideration and Conditions Precedent
The total cash consideration payable under the Agreement is A$5 million, to be paid with
cash on hand, upon completion of the Royalty acquisition. The transaction remains subject
to completion of conditions precedent customary for a royalty transaction of this nature,
and, subject to satisfaction or waiver of the applicable conditions precedent, completion of
the royalty acquisition is expected to occur within five business days thereafter.
Qualified Person
Timothy J. Strong, FIMMM, of Kangari Consulting LLC and a "Qualified Person" under
National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed
and approved the scientific and technical disclosure contained in this press release.
About Vox
Vox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) is a returns-focused mining royalty and
streaming company built on disciplined capital allocation and risk-adjusted value creation.
The Company holds a diversified portfolio of over 70 royalties and streams, including 10
producing and 28 development stage assets, with primary exposure to gold and select
industrial metals across top tier mining jurisdictions. Founded in 2014, Vox combines a
technically driven team, early catalyst identification, and a proprietary royalty database to
target convex, long-term returns for shareholders. Vox is a constituent of the Russell
2000® and Russell 3000® Indexes and is included in the MVIS® Global Junior Gold Miners
Index and VanEck Junior Gold Miners ETF (GDXJ).
For further information contact:
Kyle Floyd
Chief Executive Officer
(720) 602-4223
Spencer Cole
President and Chief Investment Officer
(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"). 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 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, statements regarding the terms of the Agreement and the acquisition of the
Royalty, the satisfaction or waiver of conditions precedent to completion, the timing of
completion of the Royalty acquisition, and the anticipated benefits of the Royalty to the
Company.
The forward-looking statements and information in this press release also 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
relating to production at the Project and payability of the Royalty, and expectations
regarding the size, quality and exploitability of the mineral resources within the White Dam
Tenements.
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
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; geopolitical
events and other uncertainties, 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, 2025
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 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 and none of this information has been independently
verified by Vox. As a royalty and offtake-stream investor, Vox has limited, if any, access to the
underlying 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 operators may relate to a
larger property than the area covered by Vox's interests, which often cover less than 100% of
the publicly reported mineral reserves, mineral resources and production from a property.
References & Notes
1. Pacgold Limited (now Broken Hill Gold Limited), "Pacgold Delivers First Gold
Production at White Dam Project", ASX announcement, 9 April 2026:
2. Pacgold Limited, June 2026 Quarterly Activities Report and A$13 million placement
announcement, ASX, July 2026
3. Pacgold Limited, "PGO to Acquire White Dam Gold Operation in South Australia",
ASX announcement, October 2025 (includes the White Dam JORC (2012) Mineral
Resource Estimate table; the underlying MRE was first published in August 2020)
4. Pacgold Limited, "Significant High-Grade Gold and Copper Discovery at White Dam
North", ASX announcement, 23 July 2026
5. GBM Resources Ltd, "White Dam Maiden JORC 2012 Resource of 102 Koz", ASX
announcement, 10 August 2020
SOURCE: Vox Royalty Corp.