{"success":true,"data":{"pressRelease":{"id":"142663","rtpr_id":"nACSpzTq9a-20260914","ticker":"VOXR","exchange":"NASDAQ","all_tickers":["VOXR"],"title":"Vox Royalty Completes Acquisitions of White Dam, Kalman and Sylvania Australian Gold & Copper Royalties","author":"ACCESSWIRE","published_at":"2026-09-14T13:00:01.143Z","article_body":"DENVER, CO / ACCESS Newswire (https://www.accessnewswire.com/) / September 14,\n2026 / Vox Royalty Corp. (NASDAQ:VOXR) (https://pr.report/q78w)(TSX:VOXR)\n(https://pr.report/q78x) (\"Vox\" or the \"Company\"), a returns-focused mining\nroyalty and streaming company, is pleased to announce that its wholly owned\nsubsidiary, Vox Royalty Australia Pty Ltd (\"Vox Australia\"), has completed the\npreviously announced Australian acquisitions of the White Dam Gold Royalty in\nSouth Australia, the Kalman Copper Royalty in Queensland, and the Sylvania\nRoyalty in Western Australia (the \"Transactions\"), as previously disclosed in\nVox press releases dated August 20, 2026 (https://pr.report/q78y) and\nSeptember 2, 2026 (https://pr.report/q78z). Aggregate cash consideration for\nthe Transactions was A$8.4 million (approximately $6 million), paid with cash\non hand.\n\nAll conditions precedent to the Transactions have been satisfied, including\nthe waiver of the right of first refusal held by the operator, Greenmount\nResources Pty Ltd (\"Greenmount\"), a wholly owned subsidiary of ASX-listed,\nCapricorn Metals Ltd (\"Capricorn\"), in respect of the Sylvania Royalty.\nFurther information on the Sylvania Royalty is provided below.\n\nSpencer Cole, President and Chief Investment Officer of Vox, stated: \"With\nthese two transactions, we have constructed a highly attractive portfolio of\nAustralian production and development royalties for only $6 million in cash.\nWhite Dam is producing gold today and provides ongoing revenue, Kalman offers\nmedium-term development potential through Austral Resources' existing\nRocklands plant, and the Sylvania Royalty provides potential longer-term\noptionality across approximately 1,700km² of exploration tenure adjacent to\nCapricorn's expanding Karlawinda Gold Mine, including the historical Prairie\nDowns and Spearhole resource estimates. This is representative of the\n'balanced bar-bell' of revenue and NPV that we focus on at Vox.\"\n\nPortfolio Overview\n\n Asset                               Operator                                                                        Primary Commodity                         Stage                                                                              Royalty                                                        \n White Dam (https://pr.report/q790)  Broken Hill Gold Limited                                                        Gold, Copper                              Producing                                                                          2.0% NSR                                                       \n Kalman (https://pr.report/q791)     Hammer Metals Limited, subject to Hammer-Austral Resources Scheme               Copper, Gold, Molybdenum, Rhenium         Development / Corporate M&A                                                        2.0% royalty on production from the Kalman Royalty Tenement    \n Sylvania                            Greenmount Resources Pty Ltd (wholly owned subsidiary of Capricorn Metals Ltd)  Gold, Copper, Zinc-Lead-Silver, Iron Ore  Advanced Exploration (historical resource estimates for Prairie Downs, Spearhole)  1.0% NSR on precious minerals; 1.5% NSR on all other minerals  \n\nSylvania Royalty Overview\n\nThe Sylvania Royalty comprises a 1.0% NSR royalty on precious minerals and a\n1.5% NSR royalty on all other minerals, over approximately 1,700km(2) of\nexploration tenure in the Pilbara region of Western Australia (the \"Sylvania\nRoyalty Area\"). Greenmount is the wholly owned subsidiary of Capricorn, which\nholds the Karlawinda Gold Mine (\"Karlawinda\"), located approximately 65kms\nsouth-east of Newman, which has been in production since June 2021((11)).\nKarlawinda produced 123,589oz of gold in Capricorn's 2026 financial year, and\nCapricorn is currently commissioning the Karlawinda Expansion Project, which\nincreases processing capacity to 6.5Mtpa and is expected to lift Karlawinda to\na long-term production rate of approximately 150,000oz per annum following\ncompletion of commissioning in the first quarter of Capricorn's 2027 financial\nyear((13)).\n\nThe Sylvania Royalty Area comprises three key exploration targets:\n\nSpearhole Iron Project (historical October 2010 mineral resource estimate and\n2011 scoping study)((5)(6)(7)),\n\nPrairie Downs Base Metal Project (historical June 2010 mineral resource\nestimate); and\n\nKarlawinda-adjacent gold exploration targets.\n(https://app.accessnewswire.com/imagelibrary/98681216-c489-453d-97cd-88fe422e4740/1220021/vox-img1-09112026.png)\nFigure 1: Sylvania Royalty area in BLUE (Source: Lat66 ASX announcement)\n\nSpearhole Iron Project((7))\n\nThe Spearhole detrital iron deposit at Prairie Downs comprises unconsolidated\nironstone gravels and alluvium from surface. On December 15, 2011\n(https://pr.report/q792), Dynasty Metals Limited (\"Dynasty\") announced the\nresults of a high-level Scoping Study completed by MSP Engineering, based on a\nhistorical inferred resource of 1,400Mt at 23.5% Fe, including 932Mt at 27.4%\nFe at a 20% Fe cut-off (October 2010 estimate), which Dynasty classified\nentirely in the inferred category with no indicated or measured component. The\nstudy contemplated a 35Mtpa beneficiation plant producing 5.25Mtpa of iron\nconcentrate grading 57% to 58% Fe at a 15% mass yield, and reported:\n\nEstimated operating costs of A$39.00 per tonne of concentrate at the mine gate\n(mining A$10.75/t and beneficiation A$28.25/t) and A$59.25 per tonne FOB,\nincluding assumed rail haulage of 450km (A$15.75/t) and port costs (A$4.50/t);\n\nEstimated capital costs of A$446 million to the mine gate and A$957 million\ninclusive of transport infrastructure, a 50km rail spur and rolling stock; and\n\nA potential mine life of at least 25 years at the contemplated production rate\nbased on the October 2010 inferred resource (932Mt at 27.4% Fe), with an\nassumed stripping ratio of approximately 0.1:1.\n\nThe study excluded Dynasty's separately identified Marra Mamba direct shipping\nore resource, and Dynasty noted that the mining, rail and port cost estimates\nwere conceptual, high-level estimates benchmarked against other Pilbara\noperations.\n\nIn May 2022, DiscovEx Resources Limited (\"DiscovEx\") entered into two binding\noption agreements (Spearhole and Sylvania Term Sheets) with Rio Tinto for the\nsale of the iron ore rights at Sylvania for total consideration of up to A$9.3\nmillion. After two years of evaluation, Rio Tinto withdrew from the Spearhole\nOption Agreement in May 2024 (https://pr.report/q793).\n(https://app.accessnewswire.com/imagelibrary/97b968fc-d709-4499-a6e2-9ea9c4854312/1220021/vox-img2-09112026.png)\nFigure 2: Map of DCX Sylvania tenements with nearby Rio Tinto infrastructure\n(Source: DiscovEx)\n\nPrairie Downs Base Metal Project((6))\n\nThe Prairie Downs zinc-lead-silver deposit is located approximately 100km\nsouth-west of Newman and has been explored by a few prior owners, most\nrecently Prairie Downs Metals Limited (\"Prairie Downs\") (now GreenX Metals\nLimited), Marindi Metals Limited and DiscovEx. The most recent mineral\nresource estimate for the deposit, of which Vox is aware of, is a historical\nJune 2010 resource statement (summarised below in Table 1), which reported at\na 1% Zn cut-off grade and most recently reported by DiscovEx in October 2023\n(https://pr.report/q794), comprising Indicated Resources of 2.28Mt at 5.22%\nZn, 1.59% Pb and 15.0 g/t Ag and Inferred Resources of 0.70Mt at 4.03% Zn,\n1.58% Pb and 14.9 g/t Ag. This estimate supersedes an earlier 2008 estimate by\nPrairie Downs, which was also the basis of a historical July 2008 Feasibility\nStudy (https://pr.report/q795) that was not progressed. Mineralisation was\nreported as open at depth and along strike, and the deposit remains\nundeveloped. The estimates presented below are historical estimates; see\nHistorical Estimates and Studies note below.\n(https://app.accessnewswire.com/imagelibrary/54df286c-fb12-4a93-89ec-53cf7357a245/1220021/vox-img3-09112026.png)\nTable 1: Prairie Downs June 2010 Mineral Resource (1% Zn cut-off grade)\nSource: DiscovEx ASX announcement\nhttps://api.investi.com.au/api/announcements/dcx/c3dfd41d-d4c.pdf\n\nSylvania - Gold Exploration\n\nCapricorn has described the Sylvania Project as sitting in proximity to the\nSylvania Inlier and the Pilbara-Yilgarn craton margin, a high strain zone with\nhigh prospectivity for mineralising fluids, and has interpreted this craton\nboundary as playing a significant role in the placement of ore-forming fluids\nat the Bibra gold deposit at Karlawinda. Capricorn has noted that gold\nexploration in the region has been limited, with only early-stage work\nconducted mostly during the mid-1990s and very few drill holes completed\noutside of the Prairie Downs base metals prospect, and has outlined a program\nof broad-scale geological and regolith mapping followed by geochemical\nsampling across currently defined target areas((5)).\n\nConsideration\n\nAggregate cash consideration for the Transactions was A$8.4 million,\ncomprising A$5.0 million for the White Dam Royalty and A$3.4 million for the\nKalman and Sylvania Royalties, funded from cash on hand.\n\nQualified Person\n\nTimothy J. Strong, FIMMM, of Kangari Consulting LLC and a \"Qualified Person\"\nunder National Instrument 43-101 - Standards of Disclosure for Mineral\nProjects, has reviewed and approved the scientific and technical disclosure\ncontained in this press release.\n\nAbout Vox\n\nVox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) is a returns-focused mining royalty\nand streaming company built on disciplined capital allocation and\nrisk-adjusted value creation. The Company holds a diversified portfolio of\nover 70 royalties and streams, including 11 producing and 28 development stage\nassets, with primary exposure to gold and select industrial metals across top\ntier mining jurisdictions. Founded in 2014, Vox combines a technically driven\nteam, early catalyst identification, and a proprietary royalty database to\ntarget convex, long-term returns for shareholders. Vox is a constituent of the\nRussell 2000® and Russell 3000® Indexes and is included in the MVIS® Global\nJunior Gold Miners Index and VanEck Junior Gold Miners ETF (GDXJ).\n\nFor further information contact:\n\n Kyle Floyd Chief Executive Officer  ir@voxroyalty.com (720) 602-4223  Spencer Cole President and Chief Investment Officer  ir@voxroyalty.com (720) 602-4223  \n\nCautionary Statements to U.S. Securityholders\n\nThis press release and the documents incorporated by reference herein, as\napplicable, have been prepared in accordance with Canadian standards for the\nreporting of mineral resource and mineral reserve estimates, which differ from\nthe previous and current standards of the U.S. securities laws. In particular,\nand without limiting the generality of the foregoing, the terms \"mineral\nreserve\", \"proven mineral reserve\", \"probable mineral reserve\", \"inferred\nmineral resources,\", \"indicated mineral resources,\" \"measured mineral\nresources\" and \"mineral resources\" used or referenced herein and the documents\nincorporated by reference herein, as applicable, are Canadian mineral\ndisclosure terms as defined in accordance with NI 43-101 and the Canadian\nInstitute of Mining, Metallurgy and Petroleum (the \"CIM\") - CIM Definition\nStandards on Mineral Resources and Mineral Reserves, adopted by the CIM\nCouncil, as amended (the \"CIM Definition Standards\"). In addition to NI\n43-101, a number of resource and reserve estimates have been prepared in\naccordance with the JORC Code (as such term is defined in NI 43-101), which\ndiffer from the requirements of NI 43-101 and U.S. securities laws but is\ndefined in NI 43-101 as an \"acceptable foreign code\". Readers are cautioned\nthat a qualified person has not carried out independent work to validate the\nJORC Code resource and reserve estimates referenced herein.\n\nFor U.S. reporting purposes, the U.S. Securities and Exchange Commission (the\n\"SEC\") has adopted amendments to its disclosure rules (the \"SEC Modernization\nRules\") to modernize the mining property disclosure requirements for issuers\nwhose securities are registered with the SEC under the U.S. Securities\nExchange Act of 1934, as amended, which became effective February 25, 2019.\nThe SEC Modernization Rules more closely align the SEC's disclosure\nrequirements and policies for mining properties with current industry and\nglobal regulatory practices and standards, including NI 43-101, and replace\nthe historical property disclosure requirements for mining registrants that\nwere included in SEC Industry Guide 7. Issuers were required to comply with\nthe SEC Modernization Rules in their first fiscal year beginning on or after\nJanuary 1, 2021. As a foreign private issuer that is eligible to file reports\nwith the SEC pursuant to the multi-jurisdictional disclosure system, the\nCompany is not required to provide disclosure on its mineral properties under\nthe SEC Modernization Rules and will continue to provide disclosure under NI\n43-101 and the CIM Definition Standards. Accordingly, mineral reserve and\nmineral resource information contained or incorporated by reference herein may\nnot be comparable to similar information disclosed by companies domiciled in\nthe U.S. subject to U.S. federal securities laws and the rules and regulations\nthereunder.\n\nAs a result of the adoption of the SEC Modernization Rules, the SEC now\nrecognizes estimates of \"measured mineral resources\", \"indicated mineral\nresources\" and \"inferred mineral resources.\" In addition, the SEC has amended\nits definitions of \"proven mineral reserves\" and \"probable mineral reserves\"\nto be \"substantially similar\" to the corresponding CIM Definition Standards\nthat are required under NI 43-101. While the SEC will now recognize \"measured\nmineral resources\", \"indicated mineral resources\" and \"inferred mineral\nresources\", U.S. investors should not assume that all or any part of the\nmineralization in these categories will be converted into a higher category of\nmineral resources or into mineral reserves without further work and analysis.\nMineralization described using these terms has a greater amount of uncertainty\nas to its existence and feasibility than mineralization that has been\ncharacterized as reserves. Accordingly, U.S. investors are cautioned not to\nassume that all or any measured mineral resources, indicated mineral\nresources, or inferred mineral resources that the Company reports are or will\nbe economically or legally mineable without further work and analysis.\nFurther, \"inferred mineral resources\" have a greater amount of uncertainty and\nas to whether they can be mined legally or economically. Therefore, U.S.\ninvestors are also cautioned not to assume that all or any part of inferred\nmineral resources will be upgraded to a higher category without further work\nand analysis. Under Canadian securities laws, estimates of \"inferred mineral\nresources\" may not form the basis of feasibility or pre-feasibility studies,\nexcept in rare cases. While the above terms are \"substantially similar\" to CIM\nDefinitions, there are differences in the definitions under the SEC\nModernization Rules and the CIM Definition Standards. Accordingly, there is no\nassurance any mineral reserves or mineral resources that the Company may\nreport as \"proven mineral reserves\", \"probable mineral reserves\", \"measured\nmineral resources\", \"indicated mineral resources\" and \"inferred mineral\nresources\" under NI 43-101 would be the same had the Company prepared the\nreserve or resource estimates under the standards adopted under the SEC\nModernization Rules or under the prior standards of SEC Industry Guide 7.\n\nCautionary Note Regarding Forward-Looking Statements and Forward-Looking\nInformation\n\nThis press release contains \"forward-looking statements\", within the meaning\nof the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange\nAct of 1934, as amended, the Private Securities Litigation Reform Act of 1995\nand \"forward-looking information\" within the meaning of applicable Canadian\nsecurities legislation. Any statements that express or involve discussions\nwith respect to predictions, expectations, beliefs, plans, projections,\nobjectives, assumptions or future events or performance (often, but not\nalways, using words or phrases such as \"expects\" or \"does not expect\", \"is\nexpected\", \"anticipates\" or \"does not anticipate\" \"plans\", \"estimates\" or\n\"intends\" or stating that certain actions, events or results \" may\", \"could\",\n\"would\", \"might\" or \"will\" be taken, occur or be achieved) are not statements\nof historical fact and may be \"forward-looking statements\". Forward-looking\nstatements are subject to a variety of risks and uncertainties which could\ncause actual events or results to materially differ from those reflected in\nthe forward-looking statements.\n\nThe forward-looking statements and information in this press release include,\nbut are not limited to, statements regarding the anticipated benefits of the\nWhite Dam Royalty, the Kalman Royalty and the Sylvania Royalty to the Company;\nsummaries of operator disclosure provided by management and the potential\nimpact on the Company of such operator disclosure; statements regarding\nexpectations relating to production at White Dam and the payability of the\nWhite Dam Royalty; the implementation and timing of the Hammer-Austral Scheme\nand the potential development of Kalman as a source of ore feed for the\nRocklands processing facility; expectations regarding exploration and\ndevelopment activities within the White Dam Tenements, the Kalman Royalty\nTenement and the Sylvania Royalty Area, including the timing and results of\ndrilling, mapping and sampling programs and the Karlawinda expansion; and\nexpectations regarding the size, quality and exploitability of the mineral\nresources within the White Dam Tenements, the Kalman Royalty Tenement and the\nSylvania Royalty Area, including the historical estimates referenced herein.\n\nForward-looking statements are subject to a variety of risks and uncertainties\nwhich could cause actual events or results to materially differ from those\nreflected in the forward-looking statements, including but not limited to: the\nimpact of general business and economic conditions; the absence of control\nover mining operations from which Vox will purchase precious metals or from\nwhich it will receive royalty or stream payments, and risks related to those\nmining operations, including risks related to international operations,\ngovernment and environmental regulation, delays in mine construction and\noperations, actual results of mining and current exploration activities,\nconclusions of economic evaluations and changes in project parameters as plans\nare refined; problems related to the ability to market precious metals or\nother metals; industry conditions, including commodity price fluctuations,\ninterest and exchange rate fluctuations; interpretation by government entities\nof tax laws or the implementation of new tax laws; the volatility of the stock\nmarket; competition; risks related to Vox's dividend policy; epidemics,\npandemics or other public health crises; geopolitical events and other\nuncertainties, as well as those factors discussed in the section entitled\n\"Risk Factors\" in Vox's annual information form for the financial year ended\nDecember 31, 2025 available at www.sedarplus.ca and the SEC's website at\nwww.sec.gov (as part of Vox's Form 40-F).\n\nShould one or more of these risks, uncertainties or other factors materialize,\nor should assumptions underlying the forward-looking information or statement\nprove incorrect, actual results may vary materially from those described\nherein as intended, planned, anticipated, believed, estimated or expected. Vox\ncautions that the foregoing list of material factors is not exhaustive. When\nrelying on the Company's forward-looking statements and information to make\ndecisions, investors and others should carefully consider the foregoing\nfactors and other uncertainties and potential events.\n\nVox has assumed that the material factors referred to in the previous\nparagraph will not cause such forward looking statements and information to\ndiffer materially from actual results or events. However, the list of these\nfactors is not exhaustive and is subject to change and there can be no\nassurance that such assumptions will reflect the actual outcome of such items\nor factors. The forward-looking information contained in this press release\nrepresents the expectations of Vox as of the date of this press release and,\naccordingly, is subject to change after such date. Readers should not place\nundue importance on forward looking information and should not rely upon this\ninformation as of any other date. While Vox may elect to, it does not\nundertake to update this information at any particular time except as required\nin accordance with applicable laws.\n\nNone of the TSX, its Regulation Services Provider or The Nasdaq Stock Market\nLLC accepts responsibility for the adequacy or accuracy of this press release.\n\nTechnical and Third-Party Information\n\nExcept where otherwise stated, the disclosure in this press release is based\non information publicly disclosed by project operators and none of this\ninformation has been independently verified by Vox. As a royalty and\nofftake-stream investor, Vox has limited, if any, access to the underlying\noperations. Although Vox does not have any knowledge that such information may\nnot be accurate, there can be no assurance that such information from the\nproject operators is complete or accurate. Some information publicly reported\nby operators may relate to a larger property than the area covered by Vox's\ninterests, which often cover less than 100% of the publicly reported mineral\nreserves, mineral resources and production from a property.\n\nHistorical Estimates and Studies\n\nThe mineral resource estimates for the Prairie Downs zinc-lead-silver deposit\n(June 2010 resource statement, most recently reported by DiscovEx Resources\nLimited as conforming to the JORC Code (2012 edition)) and the Spearhole\nDetrital Iron Deposit (October 2010, JORC Code (2004 edition)) referenced\nabove are historical estimates prepared by or for previous project owners,\nusing resource categories (indicated and inferred at Prairie Downs; inferred\nonly at Spearhole) that are analogous to, but were not prepared under, the CIM\nDefinition Standards. The Prairie Downs estimate supersedes an earlier\nestimate reported by Prairie Downs Metals Limited in 2008. Vox has not\nindependently verified these estimates and, based on its review of public\ndisclosure by current and prior owners of the Sylvania Project, is not aware\nof any more recent estimates for these deposits. The historical estimates are\nconsidered relevant as an indication of the historical exploration and study\nwork completed within the Sylvania Royalty Area, but Vox has not assessed\ntheir reliability. Confirmation drilling, verification of the historical\ndrilling and assay databases, and re-estimation under current standards would\nbe required to upgrade or verify the historical estimates as current mineral\nresources. A qualified person has not done sufficient work to classify the\nhistorical estimates as current mineral resources or mineral reserves, and Vox\nis not treating the historical estimates as current mineral resources or\nmineral reserves. The 2008 Prairie Downs study and the 2011 Spearhole scoping\nstudy are historical, were prepared by third parties on the basis of estimates\nand cost and price assumptions prevailing at the time, have not been verified\nby Vox, and should not be relied upon. The 2011 scoping study was based on\ninferred mineral resources, which are considered too speculative geologically\nto have the economic considerations applied to them that would enable them to\nbe categorized as mineral reserves, and there is no certainty that the results\nof that study will be realized.\n\nReferences & Notes\n\nPacgold Limited (now Broken Hill Gold Limited), \"Pacgold Delivers First Gold\nProduction at White Dam Project\", ASX announcement, 9 April 2026\n\nPacgold Limited, June 2026 Quarterly Activities Report and A$13 million\nplacement announcement, ASX, July 2026\n\nHammer Metals Limited, \"Kalman Resource Upgrade Lifts CuEq Inventory to over\n530kt\", ASX announcement, 8 May 2023. Reported at a 0.4% CuEq cut-off above\n75m RL and a 1.0% CuEq cut-off below 75m RL. CuEq Recovered = 0.86*Cu +\n(0.74*0.771051*Au) + (0.74*0.008336*Ag) + (0.86*4.857143*Mo) +\n(0.77*0.023334*Re), using metal prices of Cu US$7,714/t, Au US$1,850/oz, Ag\nUS$20/oz, Mo US$37,468/t and Re US$1,800/kg as at 8 May 2023. Based on Hammer\nMetals' disclosure that approximately 63% of metal tonnes in the prior 2016\nmineral resource were located on the Kalman Royalty Tenement (with the\nremainder on an adjoining Hammer Metals tenement), Vox management estimates\nthat the Kalman Royalty Tenement contains approximately 70% of the May 2023\nmineral resource estimate.\n\nHammer Metals Limited, ASX announcement dated 11 August 2026, regarding the\nScheme Implementation Deed with Austral Resources\n\nCapricorn Metals Ltd, \"Acquisition of Sylvania Project\", ASX announcement, 9\nDecember 2024; and Capricorn Metals Ltd, \"Activities Report December 2024\nQuarter\", ASX announcement, 30 January 2025\n\nDiscovEx Resources Limited, \"Geophysics identifies base metal targets at\nPrairie Downs\", ASX announcement, 11 October 2023 (Prairie Downs June 2010\nResource Statement, reported by zone and classification at a 1% Zn cut-off\ngrade); DiscovEx Resources Limited, ASX announcement dated 18 January 2021 and\nFinancial Report for the Half Year Ended 31 December 2023 (Competent Person:\nMr Mark Drabble of Optiro Pty Ltd; JORC Code, 2012 edition); Brumby Resources\nLimited, \"Creating a Significant New Australian Zinc Company\", ASX\nannouncement, 25 May 2015; and Prairie Downs Metals Limited, \"Quarterly Report\nfor the Period Ended 30 June 2008\", ASX release, 29 July 2008 (superseded 2008\nestimate reported under the 2004 edition of the JORC Code, and related process\nplant study).\n\nDynasty Metals Limited, \"Positive Scoping Study for Spearhole Detrital Iron\nProject\", ASX release, 15 December 2011; and Dynasty Metals Limited, Spearhole\nDetrital Iron Deposit inferred resource announcement, ASX, 27 October 2010\n(JORC Code, 2004 edition)\n\nPacgold Limited, \"Significant High-Grade Gold and Copper Discovery at White\nDam North\", ASX announcement, 23 July 2026\n\nPacgold Limited, \"PGO to Acquire White Dam Gold Operation in South Australia\",\nASX announcement, October 2025 (includes the White Dam JORC (2012) Mineral\nResource Estimate table; the underlying MRE was first published by GBM\nResources Ltd on 10 August 2020)\n\nHammer Metals Limited, Mount Isa Project webpage,\nhammermetals.com.au/project/mount-isa-project/\n\nCapricorn Metals Ltd website, capmetals.com.au\n\nLatitude 66 Limited, \"Sale of Sylvania Project to Capricorn Metals Limited\",\nASX announcement, 9 December 2024 (completion of the sale announced 23\nDecember 2024)\n\nCapricorn Metals Ltd, \"Karlawinda Expansion to Increase Annual Gold Production\nto 150,000 Ounces\", ASX announcement, 29 October 2024; and Capricorn Metals\nLtd, June 2026 Quarterly Activities Report, ASX announcement, 31 July 2026\n\nSOURCE: Vox Royalty Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/vox-royalty-completes-acquisitions-of-white-dam-kalman-and-sylvania-australian-go-1220021)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSpzTq9a-20260914","title":"Vox Royalty Completes Acquisitions of White Dam, Kalman and Sylvania Australian Gold & Copper Royalties","author":"ACCESSWIRE","ticker":"VOXR","created":"2026-09-14T13:00:01.143Z","tickers":["VOXR"],"exchange":"NASDAQ","article_body":"DENVER, CO / ACCESS Newswire (https://www.accessnewswire.com/) / September 14,\n2026 / Vox Royalty Corp. (NASDAQ:VOXR) (https://pr.report/q78w)(TSX:VOXR)\n(https://pr.report/q78x) (\"Vox\" or the \"Company\"), a returns-focused mining\nroyalty and streaming company, is pleased to announce that its wholly owned\nsubsidiary, Vox Royalty Australia Pty Ltd (\"Vox Australia\"), has completed the\npreviously announced Australian acquisitions of the White Dam Gold Royalty in\nSouth Australia, the Kalman Copper Royalty in Queensland, and the Sylvania\nRoyalty in Western Australia (the \"Transactions\"), as previously disclosed in\nVox press releases dated August 20, 2026 (https://pr.report/q78y) and\nSeptember 2, 2026 (https://pr.report/q78z). Aggregate cash consideration for\nthe Transactions was A$8.4 million (approximately $6 million), paid with cash\non hand.\n\nAll conditions precedent to the Transactions have been satisfied, including\nthe waiver of the right of first refusal held by the operator, Greenmount\nResources Pty Ltd (\"Greenmount\"), a wholly owned subsidiary of ASX-listed,\nCapricorn Metals Ltd (\"Capricorn\"), in respect of the Sylvania Royalty.\nFurther information on the Sylvania Royalty is provided below.\n\nSpencer Cole, President and Chief Investment Officer of Vox, stated: \"With\nthese two transactions, we have constructed a highly attractive portfolio of\nAustralian production and development royalties for only $6 million in cash.\nWhite Dam is producing gold today and provides ongoing revenue, Kalman offers\nmedium-term development potential through Austral Resources' existing\nRocklands plant, and the Sylvania Royalty provides potential longer-term\noptionality across approximately 1,700km² of exploration tenure adjacent to\nCapricorn's expanding Karlawinda Gold Mine, including the historical Prairie\nDowns and Spearhole resource estimates. This is representative of the\n'balanced bar-bell' of revenue and NPV that we focus on at Vox.\"\n\nPortfolio Overview\n\n Asset                               Operator                                                                        Primary Commodity                         Stage                                                                              Royalty                                                        \n White Dam (https://pr.report/q790)  Broken Hill Gold Limited                                                        Gold, Copper                              Producing                                                                          2.0% NSR                                                       \n Kalman (https://pr.report/q791)     Hammer Metals Limited, subject to Hammer-Austral Resources Scheme               Copper, Gold, Molybdenum, Rhenium         Development / Corporate M&A                                                        2.0% royalty on production from the Kalman Royalty Tenement    \n Sylvania                            Greenmount Resources Pty Ltd (wholly owned subsidiary of Capricorn Metals Ltd)  Gold, Copper, Zinc-Lead-Silver, Iron Ore  Advanced Exploration (historical resource estimates for Prairie Downs, Spearhole)  1.0% NSR on precious minerals; 1.5% NSR on all other minerals  \n\nSylvania Royalty Overview\n\nThe Sylvania Royalty comprises a 1.0% NSR royalty on precious minerals and a\n1.5% NSR royalty on all other minerals, over approximately 1,700km(2) of\nexploration tenure in the Pilbara region of Western Australia (the \"Sylvania\nRoyalty Area\"). Greenmount is the wholly owned subsidiary of Capricorn, which\nholds the Karlawinda Gold Mine (\"Karlawinda\"), located approximately 65kms\nsouth-east of Newman, which has been in production since June 2021((11)).\nKarlawinda produced 123,589oz of gold in Capricorn's 2026 financial year, and\nCapricorn is currently commissioning the Karlawinda Expansion Project, which\nincreases processing capacity to 6.5Mtpa and is expected to lift Karlawinda to\na long-term production rate of approximately 150,000oz per annum following\ncompletion of commissioning in the first quarter of Capricorn's 2027 financial\nyear((13)).\n\nThe Sylvania Royalty Area comprises three key exploration targets:\n\nSpearhole Iron Project (historical October 2010 mineral resource estimate and\n2011 scoping study)((5)(6)(7)),\n\nPrairie Downs Base Metal Project (historical June 2010 mineral resource\nestimate); and\n\nKarlawinda-adjacent gold exploration targets.\n(https://app.accessnewswire.com/imagelibrary/98681216-c489-453d-97cd-88fe422e4740/1220021/vox-img1-09112026.png)\nFigure 1: Sylvania Royalty area in BLUE (Source: Lat66 ASX announcement)\n\nSpearhole Iron Project((7))\n\nThe Spearhole detrital iron deposit at Prairie Downs comprises unconsolidated\nironstone gravels and alluvium from surface. On December 15, 2011\n(https://pr.report/q792), Dynasty Metals Limited (\"Dynasty\") announced the\nresults of a high-level Scoping Study completed by MSP Engineering, based on a\nhistorical inferred resource of 1,400Mt at 23.5% Fe, including 932Mt at 27.4%\nFe at a 20% Fe cut-off (October 2010 estimate), which Dynasty classified\nentirely in the inferred category with no indicated or measured component. The\nstudy contemplated a 35Mtpa beneficiation plant producing 5.25Mtpa of iron\nconcentrate grading 57% to 58% Fe at a 15% mass yield, and reported:\n\nEstimated operating costs of A$39.00 per tonne of concentrate at the mine gate\n(mining A$10.75/t and beneficiation A$28.25/t) and A$59.25 per tonne FOB,\nincluding assumed rail haulage of 450km (A$15.75/t) and port costs (A$4.50/t);\n\nEstimated capital costs of A$446 million to the mine gate and A$957 million\ninclusive of transport infrastructure, a 50km rail spur and rolling stock; and\n\nA potential mine life of at least 25 years at the contemplated production rate\nbased on the October 2010 inferred resource (932Mt at 27.4% Fe), with an\nassumed stripping ratio of approximately 0.1:1.\n\nThe study excluded Dynasty's separately identified Marra Mamba direct shipping\nore resource, and Dynasty noted that the mining, rail and port cost estimates\nwere conceptual, high-level estimates benchmarked against other Pilbara\noperations.\n\nIn May 2022, DiscovEx Resources Limited (\"DiscovEx\") entered into two binding\noption agreements (Spearhole and Sylvania Term Sheets) with Rio Tinto for the\nsale of the iron ore rights at Sylvania for total consideration of up to A$9.3\nmillion. After two years of evaluation, Rio Tinto withdrew from the Spearhole\nOption Agreement in May 2024 (https://pr.report/q793).\n(https://app.accessnewswire.com/imagelibrary/97b968fc-d709-4499-a6e2-9ea9c4854312/1220021/vox-img2-09112026.png)\nFigure 2: Map of DCX Sylvania tenements with nearby Rio Tinto infrastructure\n(Source: DiscovEx)\n\nPrairie Downs Base Metal Project((6))\n\nThe Prairie Downs zinc-lead-silver deposit is located approximately 100km\nsouth-west of Newman and has been explored by a few prior owners, most\nrecently Prairie Downs Metals Limited (\"Prairie Downs\") (now GreenX Metals\nLimited), Marindi Metals Limited and DiscovEx. The most recent mineral\nresource estimate for the deposit, of which Vox is aware of, is a historical\nJune 2010 resource statement (summarised below in Table 1), which reported at\na 1% Zn cut-off grade and most recently reported by DiscovEx in October 2023\n(https://pr.report/q794), comprising Indicated Resources of 2.28Mt at 5.22%\nZn, 1.59% Pb and 15.0 g/t Ag and Inferred Resources of 0.70Mt at 4.03% Zn,\n1.58% Pb and 14.9 g/t Ag. This estimate supersedes an earlier 2008 estimate by\nPrairie Downs, which was also the basis of a historical July 2008 Feasibility\nStudy (https://pr.report/q795) that was not progressed. Mineralisation was\nreported as open at depth and along strike, and the deposit remains\nundeveloped. The estimates presented below are historical estimates; see\nHistorical Estimates and Studies note below.\n(https://app.accessnewswire.com/imagelibrary/54df286c-fb12-4a93-89ec-53cf7357a245/1220021/vox-img3-09112026.png)\nTable 1: Prairie Downs June 2010 Mineral Resource (1% Zn cut-off grade)\nSource: DiscovEx ASX announcement\nhttps://api.investi.com.au/api/announcements/dcx/c3dfd41d-d4c.pdf\n\nSylvania - Gold Exploration\n\nCapricorn has described the Sylvania Project as sitting in proximity to the\nSylvania Inlier and the Pilbara-Yilgarn craton margin, a high strain zone with\nhigh prospectivity for mineralising fluids, and has interpreted this craton\nboundary as playing a significant role in the placement of ore-forming fluids\nat the Bibra gold deposit at Karlawinda. Capricorn has noted that gold\nexploration in the region has been limited, with only early-stage work\nconducted mostly during the mid-1990s and very few drill holes completed\noutside of the Prairie Downs base metals prospect, and has outlined a program\nof broad-scale geological and regolith mapping followed by geochemical\nsampling across currently defined target areas((5)).\n\nConsideration\n\nAggregate cash consideration for the Transactions was A$8.4 million,\ncomprising A$5.0 million for the White Dam Royalty and A$3.4 million for the\nKalman and Sylvania Royalties, funded from cash on hand.\n\nQualified Person\n\nTimothy J. Strong, FIMMM, of Kangari Consulting LLC and a \"Qualified Person\"\nunder National Instrument 43-101 - Standards of Disclosure for Mineral\nProjects, has reviewed and approved the scientific and technical disclosure\ncontained in this press release.\n\nAbout Vox\n\nVox Royalty Corp. (NASDAQ:VOXR)(TSX:VOXR) is a returns-focused mining royalty\nand streaming company built on disciplined capital allocation and\nrisk-adjusted value creation. The Company holds a diversified portfolio of\nover 70 royalties and streams, including 11 producing and 28 development stage\nassets, with primary exposure to gold and select industrial metals across top\ntier mining jurisdictions. Founded in 2014, Vox combines a technically driven\nteam, early catalyst identification, and a proprietary royalty database to\ntarget convex, long-term returns for shareholders. Vox is a constituent of the\nRussell 2000® and Russell 3000® Indexes and is included in the MVIS® Global\nJunior Gold Miners Index and VanEck Junior Gold Miners ETF (GDXJ).\n\nFor further information contact:\n\n Kyle Floyd Chief Executive Officer  ir@voxroyalty.com (720) 602-4223  Spencer Cole President and Chief Investment Officer  ir@voxroyalty.com (720) 602-4223  \n\nCautionary Statements to U.S. Securityholders\n\nThis press release and the documents incorporated by reference herein, as\napplicable, have been prepared in accordance with Canadian standards for the\nreporting of mineral resource and mineral reserve estimates, which differ from\nthe previous and current standards of the U.S. securities laws. In particular,\nand without limiting the generality of the foregoing, the terms \"mineral\nreserve\", \"proven mineral reserve\", \"probable mineral reserve\", \"inferred\nmineral resources,\", \"indicated mineral resources,\" \"measured mineral\nresources\" and \"mineral resources\" used or referenced herein and the documents\nincorporated by reference herein, as applicable, are Canadian mineral\ndisclosure terms as defined in accordance with NI 43-101 and the Canadian\nInstitute of Mining, Metallurgy and Petroleum (the \"CIM\") - CIM Definition\nStandards on Mineral Resources and Mineral Reserves, adopted by the CIM\nCouncil, as amended (the \"CIM Definition Standards\"). In addition to NI\n43-101, a number of resource and reserve estimates have been prepared in\naccordance with the JORC Code (as such term is defined in NI 43-101), which\ndiffer from the requirements of NI 43-101 and U.S. securities laws but is\ndefined in NI 43-101 as an \"acceptable foreign code\". Readers are cautioned\nthat a qualified person has not carried out independent work to validate the\nJORC Code resource and reserve estimates referenced herein.\n\nFor U.S. reporting purposes, the U.S. Securities and Exchange Commission (the\n\"SEC\") has adopted amendments to its disclosure rules (the \"SEC Modernization\nRules\") to modernize the mining property disclosure requirements for issuers\nwhose securities are registered with the SEC under the U.S. Securities\nExchange Act of 1934, as amended, which became effective February 25, 2019.\nThe SEC Modernization Rules more closely align the SEC's disclosure\nrequirements and policies for mining properties with current industry and\nglobal regulatory practices and standards, including NI 43-101, and replace\nthe historical property disclosure requirements for mining registrants that\nwere included in SEC Industry Guide 7. Issuers were required to comply with\nthe SEC Modernization Rules in their first fiscal year beginning on or after\nJanuary 1, 2021. As a foreign private issuer that is eligible to file reports\nwith the SEC pursuant to the multi-jurisdictional disclosure system, the\nCompany is not required to provide disclosure on its mineral properties under\nthe SEC Modernization Rules and will continue to provide disclosure under NI\n43-101 and the CIM Definition Standards. Accordingly, mineral reserve and\nmineral resource information contained or incorporated by reference herein may\nnot be comparable to similar information disclosed by companies domiciled in\nthe U.S. subject to U.S. federal securities laws and the rules and regulations\nthereunder.\n\nAs a result of the adoption of the SEC Modernization Rules, the SEC now\nrecognizes estimates of \"measured mineral resources\", \"indicated mineral\nresources\" and \"inferred mineral resources.\" In addition, the SEC has amended\nits definitions of \"proven mineral reserves\" and \"probable mineral reserves\"\nto be \"substantially similar\" to the corresponding CIM Definition Standards\nthat are required under NI 43-101. While the SEC will now recognize \"measured\nmineral resources\", \"indicated mineral resources\" and \"inferred mineral\nresources\", U.S. investors should not assume that all or any part of the\nmineralization in these categories will be converted into a higher category of\nmineral resources or into mineral reserves without further work and analysis.\nMineralization described using these terms has a greater amount of uncertainty\nas to its existence and feasibility than mineralization that has been\ncharacterized as reserves. Accordingly, U.S. investors are cautioned not to\nassume that all or any measured mineral resources, indicated mineral\nresources, or inferred mineral resources that the Company reports are or will\nbe economically or legally mineable without further work and analysis.\nFurther, \"inferred mineral resources\" have a greater amount of uncertainty and\nas to whether they can be mined legally or economically. Therefore, U.S.\ninvestors are also cautioned not to assume that all or any part of inferred\nmineral resources will be upgraded to a higher category without further work\nand analysis. Under Canadian securities laws, estimates of \"inferred mineral\nresources\" may not form the basis of feasibility or pre-feasibility studies,\nexcept in rare cases. While the above terms are \"substantially similar\" to CIM\nDefinitions, there are differences in the definitions under the SEC\nModernization Rules and the CIM Definition Standards. Accordingly, there is no\nassurance any mineral reserves or mineral resources that the Company may\nreport as \"proven mineral reserves\", \"probable mineral reserves\", \"measured\nmineral resources\", \"indicated mineral resources\" and \"inferred mineral\nresources\" under NI 43-101 would be the same had the Company prepared the\nreserve or resource estimates under the standards adopted under the SEC\nModernization Rules or under the prior standards of SEC Industry Guide 7.\n\nCautionary Note Regarding Forward-Looking Statements and Forward-Looking\nInformation\n\nThis press release contains \"forward-looking statements\", within the meaning\nof the U.S. Securities Act of 1933, as amended, the U.S. Securities Exchange\nAct of 1934, as amended, the Private Securities Litigation Reform Act of 1995\nand \"forward-looking information\" within the meaning of applicable Canadian\nsecurities legislation. Any statements that express or involve discussions\nwith respect to predictions, expectations, beliefs, plans, projections,\nobjectives, assumptions or future events or performance (often, but not\nalways, using words or phrases such as \"expects\" or \"does not expect\", \"is\nexpected\", \"anticipates\" or \"does not anticipate\" \"plans\", \"estimates\" or\n\"intends\" or stating that certain actions, events or results \" may\", \"could\",\n\"would\", \"might\" or \"will\" be taken, occur or be achieved) are not statements\nof historical fact and may be \"forward-looking statements\". Forward-looking\nstatements are subject to a variety of risks and uncertainties which could\ncause actual events or results to materially differ from those reflected in\nthe forward-looking statements.\n\nThe forward-looking statements and information in this press release include,\nbut are not limited to, statements regarding the anticipated benefits of the\nWhite Dam Royalty, the Kalman Royalty and the Sylvania Royalty to the Company;\nsummaries of operator disclosure provided by management and the potential\nimpact on the Company of such operator disclosure; statements regarding\nexpectations relating to production at White Dam and the payability of the\nWhite Dam Royalty; the implementation and timing of the Hammer-Austral Scheme\nand the potential development of Kalman as a source of ore feed for the\nRocklands processing facility; expectations regarding exploration and\ndevelopment activities within the White Dam Tenements, the Kalman Royalty\nTenement and the Sylvania Royalty Area, including the timing and results of\ndrilling, mapping and sampling programs and the Karlawinda expansion; and\nexpectations regarding the size, quality and exploitability of the mineral\nresources within the White Dam Tenements, the Kalman Royalty Tenement and the\nSylvania Royalty Area, including the historical estimates referenced herein.\n\nForward-looking statements are subject to a variety of risks and uncertainties\nwhich could cause actual events or results to materially differ from those\nreflected in the forward-looking statements, including but not limited to: the\nimpact of general business and economic conditions; the absence of control\nover mining operations from which Vox will purchase precious metals or from\nwhich it will receive royalty or stream payments, and risks related to those\nmining operations, including risks related to international operations,\ngovernment and environmental regulation, delays in mine construction and\noperations, actual results of mining and current exploration activities,\nconclusions of economic evaluations and changes in project parameters as plans\nare refined; problems related to the ability to market precious metals or\nother metals; industry conditions, including commodity price fluctuations,\ninterest and exchange rate fluctuations; interpretation by government entities\nof tax laws or the implementation of new tax laws; the volatility of the stock\nmarket; competition; risks related to Vox's dividend policy; epidemics,\npandemics or other public health crises; geopolitical events and other\nuncertainties, as well as those factors discussed in the section entitled\n\"Risk Factors\" in Vox's annual information form for the financial year ended\nDecember 31, 2025 available at www.sedarplus.ca and the SEC's website at\nwww.sec.gov (as part of Vox's Form 40-F).\n\nShould one or more of these risks, uncertainties or other factors materialize,\nor should assumptions underlying the forward-looking information or statement\nprove incorrect, actual results may vary materially from those described\nherein as intended, planned, anticipated, believed, estimated or expected. Vox\ncautions that the foregoing list of material factors is not exhaustive. When\nrelying on the Company's forward-looking statements and information to make\ndecisions, investors and others should carefully consider the foregoing\nfactors and other uncertainties and potential events.\n\nVox has assumed that the material factors referred to in the previous\nparagraph will not cause such forward looking statements and information to\ndiffer materially from actual results or events. However, the list of these\nfactors is not exhaustive and is subject to change and there can be no\nassurance that such assumptions will reflect the actual outcome of such items\nor factors. The forward-looking information contained in this press release\nrepresents the expectations of Vox as of the date of this press release and,\naccordingly, is subject to change after such date. Readers should not place\nundue importance on forward looking information and should not rely upon this\ninformation as of any other date. While Vox may elect to, it does not\nundertake to update this information at any particular time except as required\nin accordance with applicable laws.\n\nNone of the TSX, its Regulation Services Provider or The Nasdaq Stock Market\nLLC accepts responsibility for the adequacy or accuracy of this press release.\n\nTechnical and Third-Party Information\n\nExcept where otherwise stated, the disclosure in this press release is based\non information publicly disclosed by project operators and none of this\ninformation has been independently verified by Vox. As a royalty and\nofftake-stream investor, Vox has limited, if any, access to the underlying\noperations. Although Vox does not have any knowledge that such information may\nnot be accurate, there can be no assurance that such information from the\nproject operators is complete or accurate. Some information publicly reported\nby operators may relate to a larger property than the area covered by Vox's\ninterests, which often cover less than 100% of the publicly reported mineral\nreserves, mineral resources and production from a property.\n\nHistorical Estimates and Studies\n\nThe mineral resource estimates for the Prairie Downs zinc-lead-silver deposit\n(June 2010 resource statement, most recently reported by DiscovEx Resources\nLimited as conforming to the JORC Code (2012 edition)) and the Spearhole\nDetrital Iron Deposit (October 2010, JORC Code (2004 edition)) referenced\nabove are historical estimates prepared by or for previous project owners,\nusing resource categories (indicated and inferred at Prairie Downs; inferred\nonly at Spearhole) that are analogous to, but were not prepared under, the CIM\nDefinition Standards. The Prairie Downs estimate supersedes an earlier\nestimate reported by Prairie Downs Metals Limited in 2008. Vox has not\nindependently verified these estimates and, based on its review of public\ndisclosure by current and prior owners of the Sylvania Project, is not aware\nof any more recent estimates for these deposits. The historical estimates are\nconsidered relevant as an indication of the historical exploration and study\nwork completed within the Sylvania Royalty Area, but Vox has not assessed\ntheir reliability. Confirmation drilling, verification of the historical\ndrilling and assay databases, and re-estimation under current standards would\nbe required to upgrade or verify the historical estimates as current mineral\nresources. A qualified person has not done sufficient work to classify the\nhistorical estimates as current mineral resources or mineral reserves, and Vox\nis not treating the historical estimates as current mineral resources or\nmineral reserves. The 2008 Prairie Downs study and the 2011 Spearhole scoping\nstudy are historical, were prepared by third parties on the basis of estimates\nand cost and price assumptions prevailing at the time, have not been verified\nby Vox, and should not be relied upon. The 2011 scoping study was based on\ninferred mineral resources, which are considered too speculative geologically\nto have the economic considerations applied to them that would enable them to\nbe categorized as mineral reserves, and there is no certainty that the results\nof that study will be realized.\n\nReferences & Notes\n\nPacgold Limited (now Broken Hill Gold Limited), \"Pacgold Delivers First Gold\nProduction at White Dam Project\", ASX announcement, 9 April 2026\n\nPacgold Limited, June 2026 Quarterly Activities Report and A$13 million\nplacement announcement, ASX, July 2026\n\nHammer Metals Limited, \"Kalman Resource Upgrade Lifts CuEq Inventory to over\n530kt\", ASX announcement, 8 May 2023. Reported at a 0.4% CuEq cut-off above\n75m RL and a 1.0% CuEq cut-off below 75m RL. CuEq Recovered = 0.86*Cu +\n(0.74*0.771051*Au) + (0.74*0.008336*Ag) + (0.86*4.857143*Mo) +\n(0.77*0.023334*Re), using metal prices of Cu US$7,714/t, Au US$1,850/oz, Ag\nUS$20/oz, Mo US$37,468/t and Re US$1,800/kg as at 8 May 2023. Based on Hammer\nMetals' disclosure that approximately 63% of metal tonnes in the prior 2016\nmineral resource were located on the Kalman Royalty Tenement (with the\nremainder on an adjoining Hammer Metals tenement), Vox management estimates\nthat the Kalman Royalty Tenement contains approximately 70% of the May 2023\nmineral resource estimate.\n\nHammer Metals Limited, ASX announcement dated 11 August 2026, regarding the\nScheme Implementation Deed with Austral Resources\n\nCapricorn Metals Ltd, \"Acquisition of Sylvania Project\", ASX announcement, 9\nDecember 2024; and Capricorn Metals Ltd, \"Activities Report December 2024\nQuarter\", ASX announcement, 30 January 2025\n\nDiscovEx Resources Limited, \"Geophysics identifies base metal targets at\nPrairie Downs\", ASX announcement, 11 October 2023 (Prairie Downs June 2010\nResource Statement, reported by zone and classification at a 1% Zn cut-off\ngrade); DiscovEx Resources Limited, ASX announcement dated 18 January 2021 and\nFinancial Report for the Half Year Ended 31 December 2023 (Competent Person:\nMr Mark Drabble of Optiro Pty Ltd; JORC Code, 2012 edition); Brumby Resources\nLimited, \"Creating a Significant New Australian Zinc Company\", ASX\nannouncement, 25 May 2015; and Prairie Downs Metals Limited, \"Quarterly Report\nfor the Period Ended 30 June 2008\", ASX release, 29 July 2008 (superseded 2008\nestimate reported under the 2004 edition of the JORC Code, and related process\nplant study).\n\nDynasty Metals Limited, \"Positive Scoping Study for Spearhole Detrital Iron\nProject\", ASX release, 15 December 2011; and Dynasty Metals Limited, Spearhole\nDetrital Iron Deposit inferred resource announcement, ASX, 27 October 2010\n(JORC Code, 2004 edition)\n\nPacgold Limited, \"Significant High-Grade Gold and Copper Discovery at White\nDam North\", ASX announcement, 23 July 2026\n\nPacgold Limited, \"PGO to Acquire White Dam Gold Operation in South Australia\",\nASX announcement, October 2025 (includes the White Dam JORC (2012) Mineral\nResource Estimate table; the underlying MRE was first published by GBM\nResources Ltd on 10 August 2020)\n\nHammer Metals Limited, Mount Isa Project webpage,\nhammermetals.com.au/project/mount-isa-project/\n\nCapricorn Metals Ltd website, capmetals.com.au\n\nLatitude 66 Limited, \"Sale of Sylvania Project to Capricorn Metals Limited\",\nASX announcement, 9 December 2024 (completion of the sale announced 23\nDecember 2024)\n\nCapricorn Metals Ltd, \"Karlawinda Expansion to Increase Annual Gold Production\nto 150,000 Ounces\", ASX announcement, 29 October 2024; and Capricorn Metals\nLtd, June 2026 Quarterly Activities Report, ASX announcement, 31 July 2026\n\nSOURCE: Vox Royalty Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/vox-royalty-completes-acquisitions-of-white-dam-kalman-and-sylvania-australian-go-1220021)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-09-14T13:00:01.209158394Z","server_sent_at_ms":1789390801209},"received_at":"2026-09-14T13:00:01.263Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/vox-royalty-completes-acquisitions-of-white-dam-kalman-and-sylvania-australian-go-1220021"},"analysis":{"id":"131508","press_release_id":"142663","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["Sylvania royalty is backed only by historical 2010/2011 resource estimates (Spearhole iron, Prairie Downs base metals) that Vox has not verified and is not treating as current resources","Rio Tinto withdrew from the Spearhole iron ore option at Sylvania in May 2024 after two years of evaluation - a cautionary signal on that asset's near-term value","Kalman development is contingent on completion of the Hammer-Austral corporate scheme; royalty remains non-producing until then"],"eventType":"m_and_a","narrative":"Vox Royalty has completed its acquisitions of the White Dam, Kalman and Sylvania Australian royalties for aggregate cash consideration of A$8.4 million (approximately $6 million), paid entirely from cash on hand.\n\nWhite Dam is a producing 2.0% NSR gold royalty in South Australia generating revenue today, while Kalman is a 2.0% copper royalty with medium-term development potential tied to Austral Resources' existing Rocklands plant.\n\nThe Sylvania Royalty covers roughly 1,700km² of exploration tenure adjacent to Capricorn Metals' expanding Karlawinda Gold Mine, which produced 123,589oz of gold in FY2026 and is being expanded toward a ~150,000oz annual run-rate.\n\nThe closings wrap up deals first announced in August and September 2026; near-term revenue depends on White Dam, while Sylvania remains early-stage with only historical, unverified resource estimates.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Junior gold royalty consolidator deploys ~$6M cash to close producing White Dam NSR plus Karlawinda-adjacent optionality - cash-funded bolt-ons, no dilution."},"keyFigures":{"dealValueUsd":6000000,"customDimensions":{"kalman_royalty":"2.0% royalty on production from the Kalman Royalty Tenement","sylvania_royalty":"1.0% NSR on precious minerals; 1.5% NSR on all other minerals","white_dam_royalty":"2.0% NSR (gold, copper) - producing","sylvania_tenure_km2":1700,"aggregate_consideration_aud":"A$8.4 million","white_dam_consideration_aud":"A$5.0 million","karlawinda_expansion_capacity":"6.5Mtpa; targeted ~150,000oz per annum long-term","kalman_sylvania_consideration_aud":"A$3.4 million","karlawinda_fy2026_gold_production_oz":123589}},"quotedText":"With\nthese two transactions, we have constructed a highly attractive portfolio of\nAustralian production and development royalties for only $6 million in cash.","namedEntities":{"people":[{"name":"Spencer Cole","role":"President and Chief Investment Officer of Vox"},{"name":"Kyle Floyd","role":"Chief Executive Officer"},{"name":"Timothy J. Strong","role":"Qualified Person (Kangari Consulting LLC, NI 43-101)"}],"products":["White Dam Gold Royalty","Kalman Copper Royalty","Sylvania Royalty"],"companies":[{"name":"Vox Royalty Corp.","ticker":"VOXR","relationship":"filer/acquirer"},{"name":"Vox Royalty Australia Pty Ltd","relationship":"wholly owned subsidiary executing the acquisitions"},{"name":"Greenmount Resources Pty Ltd","relationship":"Sylvania royalty operator; right-of-first-refusal holder (waived)"},{"name":"Capricorn Metals Ltd","relationship":"ASX-listed parent of Greenmount; owner of Karlawinda Gold Mine adjacent to Sylvania"},{"name":"Broken Hill Gold Limited","relationship":"operator of White Dam project"},{"name":"Hammer Metals Limited","relationship":"Kalman project operator, subject to Hammer-Austral Scheme"},{"name":"Austral Resources","relationship":"owner of Rocklands plant; Kalman ore-feed counterparty"},{"name":"Rio Tinto","relationship":"withdrew from Spearhole iron ore option at Sylvania in May 2024"},{"name":"DiscovEx Resources Limited","relationship":"prior Sylvania owner; source of historical Prairie Downs resource estimates"}],"dollarAmounts":[{"amount":"A$8.4 million","context":"aggregate cash consideration for the Transactions (approximately $6 million USD)"},{"amount":"A$5.0 million","context":"consideration for the White Dam Royalty"},{"amount":"A$3.4 million","context":"consideration for the Kalman and Sylvania Royalties"},{"amount":"A$9.3 million","context":"historical (2022) Rio Tinto option consideration for Sylvania iron ore rights, later withdrawn"}]},"materialImpact":{"score":2,"reasoning":"Completion of previously announced, modest-size (A$8.4M / ~US$6M) royalty acquisitions funded entirely with cash on hand. Adds one producing royalty (White Dam, 2.0% NSR) plus development and exploration optionality, but the outlay is incremental relative to Vox's 70+ royalty portfolio and removes no major uncertainty."},"tickerRelevance":{"others":[{"ticker":"GDXJ","relevance":"VanEck Junior Gold Miners ETF that includes VOXR as a constituent"}],"primary":"VOXR"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"funding":"cash on hand, no dilution","tickerTier":"small-cap (Russell 2000 junior gold royalty company)","eventGravity":"bolt-on royalty acquisition completion, ~US$6M aggregate consideration","sectorWeight":"gold/copper royalty and streaming","assetQualityLift":"adds one producing royalty (White Dam 2.0% NSR) plus development/exploration optionality","previouslyAnnounced":true}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"Vox Royalty has completed its acquisitions of the White Dam, Kalman and Sylvania Australian royalties for aggregate cash consideration of A$8.4 million (approximately $6 million), paid entirely from cash on hand.\n\nWhite Dam is a producing 2.0% NSR gold royalty in South Australia generating revenue today, while Kalman is a 2.0% copper royalty with medium-term development potential tied to Austral Resources' existing Rocklands plant.\n\nThe Sylvania Royalty covers roughly 1,700km² of exploration tenure adjacent to Capricorn Metals' expanding Karlawinda Gold Mine, which produced 123,589oz of gold in FY2026 and is being expanded toward a ~150,000oz annual run-rate.\n\nThe closings wrap up deals first announced in August and September 2026; near-term revenue depends on White Dam, while Sylvania remains early-stage with only historical, unverified resource estimates.","key_figures":{"dealValueUsd":6000000,"customDimensions":{"kalman_royalty":"2.0% royalty on production from the Kalman Royalty Tenement","sylvania_royalty":"1.0% NSR on precious minerals; 1.5% NSR on all other minerals","white_dam_royalty":"2.0% NSR (gold, copper) - producing","sylvania_tenure_km2":1700,"aggregate_consideration_aud":"A$8.4 million","white_dam_consideration_aud":"A$5.0 million","karlawinda_expansion_capacity":"6.5Mtpa; targeted ~150,000oz per annum long-term","kalman_sylvania_consideration_aud":"A$3.4 million","karlawinda_fy2026_gold_production_oz":123589}},"named_entities":{"people":[{"name":"Spencer Cole","role":"President and Chief Investment Officer of Vox"},{"name":"Kyle Floyd","role":"Chief Executive Officer"},{"name":"Timothy J. Strong","role":"Qualified Person (Kangari Consulting LLC, NI 43-101)"}],"products":["White Dam Gold Royalty","Kalman Copper Royalty","Sylvania Royalty"],"companies":[{"name":"Vox Royalty Corp.","ticker":"VOXR","relationship":"filer/acquirer"},{"name":"Vox Royalty Australia Pty Ltd","relationship":"wholly owned subsidiary executing the acquisitions"},{"name":"Greenmount Resources Pty Ltd","relationship":"Sylvania royalty operator; right-of-first-refusal holder (waived)"},{"name":"Capricorn Metals Ltd","relationship":"ASX-listed parent of Greenmount; owner of Karlawinda Gold Mine adjacent to Sylvania"},{"name":"Broken Hill Gold Limited","relationship":"operator of White Dam project"},{"name":"Hammer Metals Limited","relationship":"Kalman project operator, subject to Hammer-Austral Scheme"},{"name":"Austral Resources","relationship":"owner of Rocklands plant; Kalman ore-feed counterparty"},{"name":"Rio Tinto","relationship":"withdrew from Spearhole iron ore option at Sylvania in May 2024"},{"name":"DiscovEx Resources Limited","relationship":"prior Sylvania owner; source of historical Prairie Downs resource estimates"}],"dollarAmounts":[{"amount":"A$8.4 million","context":"aggregate cash consideration for the Transactions (approximately $6 million USD)"},{"amount":"A$5.0 million","context":"consideration for the White Dam Royalty"},{"amount":"A$3.4 million","context":"consideration for the Kalman and Sylvania Royalties"},{"amount":"A$9.3 million","context":"historical (2022) Rio Tinto option consideration for Sylvania iron ore rights, later withdrawn"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-14T13:01:33.067Z","global_importance":25,"audience_relevance":20,"importance_components":{"funding":"cash on hand, no dilution","tickerTier":"small-cap (Russell 2000 junior gold royalty company)","eventGravity":"bolt-on royalty acquisition completion, ~US$6M aggregate consideration","sectorWeight":"gold/copper royalty and streaming","assetQualityLift":"adds one producing royalty (White Dam 2.0% NSR) plus development/exploration optionality","previouslyAnnounced":true}},"durationMs":56416,"modelName":"glm-5.3-flash"}}