Vox Royalty Unit to Acquire 2% Royalty on Australian Gold Mine for $3.6 Million

MT Newswires Live09-02

Vox Royalty (VOXR) said Wednesday its Australian unit has signed a binding agreement to acquire a 2% net smelter return royalty over the White Dam gold mine in South Australia for 5 million Australian dollars ($3.6 million) in cash.

The company said the mine is operated by Broken Hill Gold, which reported in July a high-grade gold and copper sulphide discovery at White Dam North. A drilling program is currently underway, Vox Royalty said.

The transaction is expected to close five days after standard conditions for such a deal are satisfied or waived, the company said.

Vox Royalty shares were up 1.5% in Wednesday's premarket activity.

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