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Investing.com -- Vox Royalty Corp. (NASDAQ:VOXR) stock rose 1.2% following regulatory approval for a major expansion at the Binduli North gold project in Western Australia, where the company holds an uncapped production royalty.
Norton Gold Fields (NYSE:GFI), a subsidiary of Zijin Mining Group, received approval for an expanded Mining Proposal that increases crushing and grinding capacity by 40% to 7 million tonnes per annum (Mtpa). The project’s life-of-mine plan extends to approximately nine years with processing capabilities of up to 8Mtpa.
The expansion significantly enhances revenue potential for Vox’s uncapped A$0.50/tonne production gold royalty over the Janet Ivy mining leases. At the expanded 7Mtpa run-rate, Vox management expects this royalty could potentially generate over US$2 million in annual revenue.
Key developments include the addition of a mobile crushing circuit, expanded stockpiles, and greater processing flexibility between heap leach operations and the Paddington Mill. The Mining Proposal was approved on July 16, 2025, by Western Australian regulators approximately ten weeks after submission.
The Binduli North operation, which began processing ore in September 2022, produced approximately 51,450 ounces of gold in 2024, its second full year of production. The Janet Ivy gold mineralization extends over a 1.3km strike and remains open along strike and at depth.
Spencer Cole, Chief Investment Officer at Vox, highlighted the significance of the expansion, stating: "At this expanded 7Mtpa run-rate Vox management expects this royalty to potentially generate over US$2M in annual revenue, which equates to an annual 50% cash return on its initial purchase price."
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