Vox Royalty Acquires Iron Ore Royalty in Western Australia

Vox Royalty Corp. has announced a binding agreement to acquire a 1.5% gross revenue royalty over the Wyloo North iron ore project in Western Australia. The project is operated by Fortescue Metals Group and forms part of its Greater Western Hub. The transaction is valued at A$1.5 million. This royalty covers the first 15 million tonnes of iron ore production, focusing on high-grade deposits. The Wyloo North deposit spans over 7 kilometers and has been subject to extensive exploration since 2006.

The site is located near Fortescue's Eliwana operation, which has an annual output of 30 million tonnes of iron ore. Fortescue has identified significant mineralization in the area, reporting iron content as high as 59.6% Fe. Potential forthcoming actions include updating resource estimates and seeking development approval from Western Australia authorities.