# VOX PROVIDES DEVELOPMENT & EXPLORATION UPDATES Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/vox-provides-development-exploration-updates--4d0bc0f4-cc1d-48df-8975-c65166cfedc3 Original source: https://money.tmx.com/en/quote/VO/news/7936165836113475/vox-provides-development-exploration-updates Publisher: tmx Original announcement: 2022-04-05T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Multiple resource upgrades across royalty portfolio - Positive factor: Significant tonnage and grade increases at key projects - Positive factor: Positive metallurgical test work confirming conventional processing - Positive factor: Advancement of Binduli North toward production in H2 2022 Facts used in scoring: 6 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: 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 Resource** Polarity: neutral Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("rougher"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Multi-Domain Tested** Polarity: positive Definition: 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) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vox-provides-development-exploration-updates--4d0bc0f4-cc1d-48df-8975-c65166cfedc3#fact-resource-facts-0) Pedra Branca · platinum #### 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 factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vox-provides-development-exploration-updates--4d0bc0f4-cc1d-48df-8975-c65166cfedc3#fact-resource-facts-1) Kookynie · gold #### 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 factor: Maiden resource discovery Evidence · text > 6.1Mt @ 1.2g/t for 232,000oz #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vox-provides-development-exploration-updates--4d0bc0f4-cc1d-48df-8975-c65166cfedc3#fact-resource-facts-2) Bulgera · gold #### 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 factor: 113% increase in gold resource estimate Evidence · text > 5.1Mt @ 1.2g/t gold for 200,130 ounces #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ## Metallurgical Results (3) ### cyanide leaching [Link to this fact](https://atlas-extractions.minestarters.com/news/vox-provides-development-exploration-updates--4d0bc0f4-cc1d-48df-8975-c65166cfedc3#fact-metallurgical-facts-3) Kookynie · gold #### 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 factor: High gold recoveries Evidence · text > gold recoveries from primary ore to be ~90% to 95% ### flotation [Link to this fact](https://atlas-extractions.minestarters.com/news/vox-provides-development-exploration-updates--4d0bc0f4-cc1d-48df-8975-c65166cfedc3#fact-metallurgical-facts-4) Ashburton · gold #### 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 factor: Excellent gold recovery Evidence · text > Excellent gold recovery into an initial rougher concentrate of up to 94% #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/vox-provides-development-exploration-updates--4d0bc0f4-cc1d-48df-8975-c65166cfedc3#fact-metallurgical-facts-5) Ashburton · gold #### 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.