Significant Gold Resource Upgrade and Maiden Reserves Declared at Red Hill

Vox Royalty Corp. announced a substantial exploration and development update from Northern Star Resources Limited concerning the Red Hill gold project in Western Australia. A 58% increase in mineral resources to 1.9 million ounces and a maiden reserve of 0.6 million ounces have been declared as a result of this update.

The upgraded resource and new reserve estimations are based on extensive exploration drilling which substantiated the geological continuity required for such declarations. Additionally, the Red Hill gold deposit's potential extraction is anticipated to generate around US$10 million in initial annual revenues for Vox, enhancing their gold royalty portfolio. These developments coincide with Northern Star’s brownfield expansion at their nearby Kalgoorlie operations, intending to increase processing capacity significantly.

Technical aspects of the project involved updated estimation methodologies and a detailed review by Timothy J. Strong, a qualified person under NI 43-101. The disclosures ensure continued alignment with Canadian reporting standards, despite the differences under U.S. regulations. This expansion and upgrade signify a crucial step forward in the utilization of the Red Hill area, both in terms of output and economic influence.