Vox Royalty updates on Red Hill gold project progress

DENVER - Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR), a mining royalty company with a market capitalization of $170.5 million and an impressive 98% gross profit margin, has provided an update on the Red Hill gold project in Western Australia, highlighting significant exploration and development progress by its operating partner, Northern Star Resources Limited. The company’s stock has delivered a remarkable 52.5% return over the past year, trading near its 52-week high of $3.57. According to InvestingPro analysis, the company currently trades near its Fair Value, with analysts expecting positive net income growth this year. The Red Hill deposit, under a 4.0% gross revenue royalty to Vox, is near Northern Star’s Kanowna Belle mine and is emerging as a key source for Northern Star’s Kalgoorlie Operations.

Northern Star revealed a resource estimate upgrade for the Kalgoorlie Operations on May 15, 2025, including a substantial increase in total ounces and a maiden mineral resource at the Hercules deposit. Notably, the Red Hill deposit experienced resource growth, with 525Koz @ 1.1g/t Au Measured and Indicated and 142Koz @ 0.8g/t Au Inferred. These estimates are based on a gold price of A$3,000/oz for resources and A$2,250/oz for reserves.

Spencer Cole, Chief Investment Officer of Vox, expressed confidence in the Red Hill development pathway, citing ongoing environmental studies and government approvals, and a forthcoming Mining Proposal and Mine Closure Plan. Northern Star plans to process Red Hill ore through its expanded Fimiston mill, which is undergoing a significant expansion to increase capacity from 13Mtpa to 27Mtpa, with commissioning scheduled for FY27.

The Red Hill project, previously an open pit operation between 2001 and 2007, produced approximately 467,000oz. The current focus is on upgrading Inferred Mineral Resources to support Ore Reserve growth, with further drilling planned to test bulk potential below the existing pit. With a strong current ratio of 4.24 and last twelve months revenue of $10.85 million, Vox maintains a solid financial position to benefit from this project’s development. For deeper insights into Vox Royalty’s financial health and growth prospects, InvestingPro subscribers have access to over 10 additional exclusive ProTips and comprehensive financial metrics.

Regarding the KCGM Mill Expansion Project, Northern Star’s April 29, 2025 update indicated that the project is tracking to plan, with the transition from concreting to structural and mechanical installation. The expansion’s capital expenditure is fully funded, and the plant is expected to operate at approximately 900koz per annum from FY29 following the ramp-up.

This press release statement, based on information from Northern Star and Vox Royalty, provides a snapshot of the advancements at the Red Hill gold project and the broader implications for the Kalgoorlie Operations. It is a reflection of the ongoing efforts to enhance mining operations and the potential benefits for Vox Royalty’s revenue stream from the increased processing capacity and resource growth at Red Hill. Investors seeking to evaluate similar opportunities in the mining sector can access comprehensive analysis tools and valuation metrics through InvestingPro’s advanced screening and portfolio management features.

In other recent news, Vox Royalty Corp. reported its first-quarter earnings for 2025, with results largely in line with projections from BMO Capital Markets. The adjusted earnings per share were slightly below expectations due to higher taxes, although revenue met forecasts. Following the acquisition of the Kanmantoo Net Smelter Return royalty, the company revised its revenue guidance upward for 2025. This acquisition is expected to provide immediate cash flow and was completed at an attractive internal rate of return, as noted by BMO Capital. The firm also raised its price target for Vox Royalty to $4.00, maintaining an Outperform rating on the stock.

In developments from its operating partners in Western Australia, Vox Royalty reported progress that could enhance its revenue. Black Cat Syndicate Limited announced the first gold pour at its Lakewood mill and received approval for underground mining at the Myhree deposit, where Vox holds a 1% net smelter return. Norwest Minerals Limited was granted a mining lease for the Bulgera Gold Project, which Vox also has a 1% NSR on. Additionally, Evolution Mining Limited began mining operations at the Castle Hill deposit and commissioned its Mungari mill expansion ahead of schedule. These updates are anticipated to contribute to Vox Royalty’s revenue in the near and medium term.

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