VOX PROVIDES DEVELOPMENT & EXPLORATION UPDATES
Original announcement by tmx on
- Company
- Vox Royalty Corp.
- Ticker
- VOX
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Platinum, Palladium
- Document categories
- Resource update, Drill results, Metallurgy
- Extracted
- 2026-09-13 07:02:27 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Vox Royalty Corp. reported significant development and exploration progress across its royalty portfolio, highlighted by major resource upgrades at Pedra Branca, Kookynie, and Bulgera. The company also noted positive metallurgical results at Kookynie and Ashburton, and confirmed that construction at the Binduli North project is on track for production in the second half of 2022.
Reasoning: The announcement details substantial resource growth and positive metallurgical results across several royalty-linked projects, significantly increasing the development probability for Vox's portfolio.
Positive factors
- Multiple resource upgrades across royalty portfolio
- Significant tonnage and grade increases at key projects
- Positive metallurgical test work confirming conventional processing
- Advancement of Binduli North toward production in H2 2022
Facts used in scoring: 6
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release mentions NI 43-101 compliance and names specific Qualified Persons (QP) and Competent Persons (CP).
Evidence · text
“Qualified Person Timothy J. Strong, MIMMM... has reviewed and approved the scientific and technical disclosure”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.
Why it applies: Genesis announced a maiden Puzzle North gold resource estimate.
Evidence · text
“Maiden Puzzle North gold resource estimate”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("rougher")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
inferredPedra Branca · platinumTonnes: 63600000Grade: 1.08Grade Unit: g/t 2PGE+AUView all detailsHide details
Identity
- Project
- Pedra Branca
- Commodity
- platinum
- Region
- brazil
- Reported Region
- Brazil
- Ticker
- VOX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Colin Smith
- Resource group id
- resource:f37208e7ef4382652a1f
Resource Data
- Category
- inferred
- Tonnes
- 63600000
- Grade
- 1.08
- Grade Unit
- g/t 2PGE+AU
Prior Estimate
- Resource Date
- 2022-03-24
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-04-05T00:00:00.000Z
Reasoning: Significant resource expansion at Pedra Branca project.
Positive factors
- 106% increase in mineral resource
Evidence · text
“2.198Moz palladium + platinum + gold ("2PGE+AU") in 63.6Mt grading 1.08g/t 2PGE+AU”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredKookynie · goldTonnes: 6100000Grade: 1.2Grade Unit: g/tContained Metal: 232000Contained Unit: ozView all detailsHide details
Identity
- Project
- Kookynie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VOX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Paul Payne
- Resource group id
- resource:5d9b176071554f9ad578
Resource Data
- Category
- inferred
- Tonnes
- 6100000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 232000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2022-03-29
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-04-05T00:00:00.000Z
Reasoning: New maiden resource at Puzzle North.
Positive factors
- Maiden resource discovery
Evidence · text
“6.1Mt @ 1.2g/t for 232,000oz”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredBulgera · goldTonnes: 5100000Grade: 1.2Grade Unit: g/tContained Metal: 200130Contained Unit: ozView all detailsHide details
Identity
- Project
- Bulgera
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VOX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:5839d33b4c1f8680bf5e
Resource Data
- Category
- inferred
- Tonnes
- 5100000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 200130
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2022-03-16
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-04-05T00:00:00.000Z
Reasoning: Substantial resource expansion at Bulgera.
Positive factors
- 113% increase in gold resource estimate
Evidence · text
“5.1Mt @ 1.2g/t gold for 200,130 ounces”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Metallurgical Results (3)
cyanide leachingKookynie · goldRecovery: 92.5 %View all detailsHide details
Identity
- Project
- Kookynie
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VOX
Test Work
- Program Status
- detailed
- Test Type
- cyanide leaching
- Processing Route
- conventional cyanide leaching
- Sample
- primary ore at Puzzle North and Puzzle
Recovery
- Recovery
- 92.5 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-04-05T00:00:00.000Z
Reasoning: Strong metallurgical results for Kookynie.
Positive factors
- High gold recoveries
Evidence · text
“gold recoveries from primary ore to be ~90% to 95%”
flotationAshburton · goldRecovery: 94 %View all detailsHide details
Identity
- Project
- Ashburton
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VOX
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- rougher concentrate
- Sample
- four metallurgical composites from the large Mt Olympus deposit
Recovery
- Recovery
- 94 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-04-05T00:00:00.000Z
Reasoning: Strong initial metallurgical results at Ashburton.
Positive factors
- Excellent gold recovery
Evidence · text
“Excellent gold recovery into an initial rougher concentrate of up to 94%”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
Fact 3Ashburton · goldView all detailsHide details
Identity
- Project
- Ashburton
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- VOX
Test Work
- Sample
- four metallurgical composites from the large Mt Olympus deposit
Recovery
- Conc. Grade
- 31.8
- Conc. Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2022-04-05T00:00:00.000Z
Reasoning: High grade concentrate reported at Ashburton.
Evidence · text
“Gold in concentrate grade averaged 31.8g/t Au across all four composites”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.