Vox Royalty Corp (TSXV: VOX)(OTCQX: VOXCF) CEO Kyle Floyd ✅ Breaking News 🚨 RICH TV LIVE
Channel: RICH TV LIVE
Date: 2022-01-18

Vox Royalty Corp (TSXV: VOX)(OTCQX: VOXCF) CEO Kyle Floyd ✅ Breaking News 🚨 RICH TV LIVE - January 18, 2022 - #voxroyaltycorp #kylefloyd #richtvlive #news 
Vox Royalty Corp. a high growth precious metals focused royalty company, is pleased to announce that it has executed a binding agreement with a private South African registered company, to acquire two platinum group metals ("PGM") royalties for total consideration of up to C$10,400,000.

Pursuant to the terms of the purchase and sale agreement, Vox will issue C$1,500,000 of Vox common shares upon closing and make additional cash payments or issue additional Vox Shares (at Vox's sole election) upon achievement of certain production milestones. 

The royalties include a 1.0% gross receipts royalty over the Dwaalkop Project ("Dwaalkop") and a 0.704% gross receipts royalty over the Messina Project ("Messina", and together with Dwaalkop, the "Royalties"), which collectively cover the full extent of the Limpopo PGM Project ("Limpopo"), operated by Sibanye Stillwater Ltd. ("Sibanye") (JSE: SSW / NYSE: SBSW). Limpopo was last mined in 2009 via the existing Baobab shaft and concentrator ("Baobab Operation"), which are both in place and subject to ongoing re-opening feasibility studies by Sibanye.

Provides exposure to a substantial 18 million ounce 4E (platinum, palladium, rhodium, gold) Measured and Indicated PGM resource and a further 18 million ounce 4E Inferred PGM resource over past-producing mine on prolific Bushveld Igneous Complex ("BIC");
Full surface and underground infrastructure in place at the Baobab Operation, including a vertical shaft to 450m depth and a 90,000tpm concentrator which is currently on short-term lease to Anglo American Platinum;
Detailed feasibility study completed by Sibanye in 2017 and in 2020 the feasibility study was reviewed and a conceptual level re-opening study for the Baobab Operation was completed, which demonstrated the financial viability of the project;
High-quality operating partner in Sibanye (current market capitalization US$10 billion), who currently manages 5 PGM and 5 gold operations in Sub-Saharan Africa as well as 2 PGM operations in Montana;
Significantly increases Vox's exposure to ‘battery metals' such as rhodium, copper and nickel contained within the resource - in 2007, Lonmin plc produced 73,600 ounces of PGMs, along with 752MT of nickel and 513MT of copper, at the Limpopo Project; and
Near-term development potential with existing infrastructure in place and categorised in Sibanye's South Africa 2 - 5 year project development pipeline.
Riaan Esterhuizen, Executive Vice President of Australia stated: "We are very excited to be adding exposure to a fully constructed world-class 18 million ounce PGM resource with near-term restart potential from a US$10B operator. With mine infrastructure already in place, feasibility studies underway and a financially strong operating partner in Sibanye-Stillwater, we see tremendous upside for these assets. Based on the existing resource alone and not considering the upside from the fact that the resource is open at depth, we see this asset as holding potential to become a high-tonnage, multi-decade operation."

Kyle Floyd, Chief Executive Officer stated: "Vox continues to successfully execute its strategy of finding world-class royalties on de-risked operations with meaningful near-term catalysts. This is an extraordinary acquisition that we expect will provide significant value to Vox shareholders for decades to come."

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