# VOX PROVIDES DEVELOPMENT & EXPLORATION UPDATES Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/vox-provides-development-exploration-updates--95af092b-000e-4dbb-b55f-a47de93e5ed5 Original source: https://money.tmx.com/en/quote/VO/news/7936165836113475/vox-provides-development-exploration-updates Publisher: tmx Original announcement: 2022-04-05T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Vox Royalty Corp. - Ticker: VOX - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Platinum, Palladium, Pge - Document categories: Resource update, Metallurgy - Extracted: 2026-08-21 12:22:20 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Vox Royalty Corp. reported significant progress across its royalty portfolio, highlighted by major resource increases at the Pedra Branca PGE project and the Bulgera gold project. Additionally, positive metallurgical results were noted at Kookynie and Ashburton, while construction at the Binduli North project remains on track for late 2022 production. Reasoning: The announcement details substantial resource expansions \(106% at Pedra Branca, 113% at Bulgera\) and positive metallurgical results across multiple royalty-linked assets, significantly increasing the development probability for the portfolio. - Positive factor: Multiple resource upgrades across royalty portfolio - Positive factor: Significant tonnage and grade growth at key projects - Positive factor: Positive metallurgical test work confirming amenability to standard processing - Positive factor: Advancement of projects toward production/development stages Facts used in scoring: 7 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Pedra Branca resource increased by 106% and Bulgera by 113%. Evidence · text > 106% increase to the 2019 inferred mineral resource **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: Genesis announced a maiden resource for Puzzle North. Evidence · text > Recent shallow Puzzle North discovery contributed maiden resource **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Gold recoveries at Kookynie and Ashburton are in the high/exceptional bands. Evidence · text > confirmed gold recoveries from primary ore to be ~90% to 95% ## Extracted facts Stored fact records: 7. Some facts used in scoring do not have a stored record. ## Resource Estimates (7) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vox-provides-development-exploration-updates--95af092b-000e-4dbb-b55f-a47de93e5ed5#fact-resource-facts-0) platinum #### Identity - Commodity: platinum - Ticker: VOX #### Resource Data - Category: inferred - Tonnes: 63600000 - Grade: 1.08 - Grade Unit: g/t 2PGE+AU #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-04-05T00:00:00.000Z Reasoning: Significant resource expansion reported for the Pedra Branca project. - Positive factor: 106% increase in resource size Evidence · text > 2.198Moz palladium + platinum + gold \(" 2PGE+AU "\) in 63.6Mt grading 1.08g/t 2PGE+AU ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vox-provides-development-exploration-updates--95af092b-000e-4dbb-b55f-a47de93e5ed5#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: VOX #### Resource Data - Category: inferred - Tonnes: 6100000 - Grade: 1.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-04-05T00:00:00.000Z Reasoning: Maiden resource discovery at Puzzle North. - Positive factor: Maiden resource reported Evidence · text > maiden resource of 6.1Mt @ 1.2g/t for 232,000oz ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/vox-provides-development-exploration-updates--95af092b-000e-4dbb-b55f-a47de93e5ed5#fact-resource-facts-2) gold #### Identity - Commodity: gold - Ticker: VOX #### Resource Data - Category: indicated - Tonnes: 5765000 - Grade: 1.1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-04-05T00:00:00.000Z Reasoning: Indicated portion of the combined Puzzle resource. Evidence · text > Total combined Puzzle North and Puzzle resource stands at 5,765Kt @ 1.1g/t for 204,000oz Indicated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vox-provides-development-exploration-updates--95af092b-000e-4dbb-b55f-a47de93e5ed5#fact-resource-facts-3) gold #### Identity - Commodity: gold - Ticker: VOX #### Resource Data - Category: inferred - Tonnes: 2950000 - Grade: 1.1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-04-05T00:00:00.000Z Reasoning: Inferred portion of the combined Puzzle resource. Evidence · text > 2,950Kt @ 1.1g/t for 107,000oz Inferred ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vox-provides-development-exploration-updates--95af092b-000e-4dbb-b55f-a47de93e5ed5#fact-resource-facts-4) gold #### Identity - Commodity: gold - Ticker: VOX #### Resource Data - Category: inferred - Tonnes: 5100000 - Grade: 1.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-04-05T00:00:00.000Z Reasoning: Substantial resource expansion at Bulgera. - Positive factor: 113% increase in resource Evidence · text > Bulgera gold resource estimate increased 113% to 5.1Mt @ 1.2g/t gold ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/vox-provides-development-exploration-updates--95af092b-000e-4dbb-b55f-a47de93e5ed5#fact-resource-facts-5) gold #### Identity - Commodity: gold - Ticker: VOX #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-04-05T00:00:00.000Z Reasoning: Metallurgical test work confirms high gold recoveries. - Positive factor: High recovery confirmed Evidence · text > confirmed gold recoveries from primary ore to be ~90% to 95% ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/vox-provides-development-exploration-updates--95af092b-000e-4dbb-b55f-a47de93e5ed5#fact-resource-facts-6) gold #### Identity - Commodity: gold - Ticker: VOX #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2022-04-05T00:00:00.000Z Reasoning: Strong initial metallurgical results at Ashburton. - Positive factor: Excellent recovery into concentrate Evidence · text > Excellent gold recovery into an initial rougher concentrate of up to 94% ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.