Vox Royalty's Horseshoe Lights Project Accelerates Gold Production, Royalty Revenue Expected to Boost

Vox Royalty's Horseshoe Lights project in Western Australia is accelerating gold production with a new agreement for Melody Gold to process gold stockpiles. This is the seventh of nine gold deposits linked to Vox's royalties expected to start production between mid-2024 and mid-2026. Vox holds a 3.0% Net Smelter Return royalty on the project, which is expected to provide significant annual royalty revenue and enhance the broader development of Horseshoe Lights.

Vox Royalty Corp. (TSX:VOXR)(NASDAQ:VOXR), a returns-focused mining royalty company, has announced a significant development at its Horseshoe Lights copper-gold project in Western Australia. The company has entered into an agreement with Melody Gold Pty Ltd to process up to 500,000 tonnes per annum of gold-bearing surface materials at the project, marking the seventh of nine royalty-linked gold deposits expected to commence production between mid-2024 and mid-2026.

Spencer Cole, Chief Investment Officer of Vox, stated, "We're encouraged by the fast-tracking of the Horseshoe Lights gold stockpiles towards production through Melody Gold's toll treatment agreement." This development underscores the unique qualities of Western Australia as a top global mining jurisdiction, where efficient permitting, skilled labor, available capital, and underutilized processing plants can bring mineral deposits into production within three to five years.

Vox holds a 3.0% Net Smelter Return royalty over the Horseshoe Lights project, which is expected to generate meaningful annual royalty revenues. The agreement with Melody Gold is a strategic step forward for the business, as it aims to unlock the value of gold surface materials and capture early cash flow opportunities to expedite the re-development of the Horseshoe Lights Copper asset.

The Horseshoe Lights accommodation camp has been recommissioned to support Melody's planned activities and Horseshoe Metals' Direct Shipping Operation (DSO) copper start-up. Melody intends to treat up to 500,000 tonnes per annum in its proposed retreatment of the Gold Surface Materials, utilizing gravity recovery to produce a gold-copper-silver concentrate.

Kate Stoney, Director of Horseshoe Metals, commented, "This is a strategic step forward for the business, as we look to unlock the value of our gold surface materials and capture early cash flow opportunities that will help expedite the re-development of the Horseshoe Lights Copper asset in Western Australia."

The market for Australian gold developers and producers remains robust, with the spot gold price at A$5,228/ounce as of June 19, 2025. High gold prices have accelerated the development of several WA gold royalty projects, and this trend is expected to continue. From mid-2024 to mid-2026, Vox management expects nine royalty-linked gold deposits to commence production, including the Horseshoe Lights project.

References:

[1] https://www.theglobeandmail.com/investing/markets/stocks/VOXR-T/pressreleases/32997946/vox-royalty-notes-development-decision-at-the-horseshoe-lights-project-and-provides-western-australia-gold-market-update/