Vox Royalty Sees Significant Boost in Binduli North Gold Project Approval

Vox Royalty (VOXR) has reported significant progress at its Binduli North gold project in Western Australia. The project's operator, Norton Gold Fields, has secured regulatory approval for a new Mining Proposal, which includes plans for a major expansion of processing throughput and infrastructure. This development is expected to generate over $2 million annually, representing a 50% cash return on Vox's initial investment. The average target price for VOXR is $4.69, with a high estimate of $6.00 and a low estimate of $4.00. The average brokerage recommendation is currently 2.0, indicating "Outperform" status.

Vox Royalty Corp. (VOXR) has announced significant progress at its Binduli North gold project in Western Australia. The project's operator, Norton Gold Fields Pty Ltd, has received regulatory approval for a new Mining Proposal that includes plans for a major expansion of processing throughput and infrastructure. The expansion is expected to generate over $2 million annually, representing a 50% cash return on Vox's initial investment.

The new Mining Proposal, approved by the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS), includes a 40% increase in crushing and grinding capacity to 7Mtpa. This expansion is expected to extend the life of the mine to approximately nine years, with mineralization open along strike and at depth. The expansion also includes the addition of a mobile crushing circuit, expanded stockpiles, and processing flexibility between heap leach and the Paddington Mill.

The approval of the expanded Mining Proposal marks a major milestone for Vox's producing Janet Ivy gold royalty at Binduli North. Vox holds an uncapped A$0.50/tonne production gold royalty interest over the Janet Ivy mining leases M26/446 and M26/833, which cover the majority of the Mining Proposal mine design tonnage results. The updated Mining Proposal was submitted to DMIRS on May 1, 2025, and approved approximately ten weeks later on July 16, 2025, highlighting the speed of approval potential for certain Western Australian brownfields expansions.

The average target price for VOXR is $4.69, with a high estimate of $6.00 and a low estimate of $4.00. The average brokerage recommendation is currently 2.0, indicating "Outperform" status.

References:
[1] https://finance.yahoo.com/news/vox-royalty-announces-major-expansion-130000447.html