1. INVESTOR PRESENTATION
MARCH 2020
* Vo x R o y a l t y C o r p d / b / a S i l v e r S t r e a m S E Z C . I n t h e p r o c e s s o f c o m p l e t i n g a l e g a l c h a n g e o f n a m e .
2. 2
DIVERSIFIED
ROYALTY AND
STREAMING
GENUINE FIRST MOVER IN BATTERY METALS
BATTERY AND SPECIALTY METALS ROYALTIES OVER PRODUCING AND
DEVELOPMENT- STAGE LITHIUM, COBALT, NICKEL, VANADIUM AND
GRAPHITE MINES
DIVERSIFIED ROYALTY PORTFOLIO
PRECIOUS, BASE & BATTERY METALS, AS WELL AS BULK COMMODITIES;
DIVERSIFIED APPROACH GIVES BROADER PIPELINE AND INHERENT
COMPETITIVE ADVANTAGE
ONE OF THE FASTEST GROWING ROYALTY
COMPANIES IN THE SPACE
SINCE THE START OF 2019, VOX HAS ENTERED INTO 11 SEPARATE
TRANSACTIONS TO ACQUIRE 34 ROYALTIES ACROSS 7 COUNTRIES
ROBUST AND GROWING CASH-FLOW
VOX HAS BOTH IMMEDIATELY CASH-FLOWING ROYALTIES GENERATING
RECURRING REVENUE AND ROYALTIES OVER SEVERAL LONG-LIFE,
ECONOMICALLY ROBUST DEVELOPMENT-STAGE ASSETS WITH GREAT
OPERATING COUNTERPARTIES, ALONGSIDE A MODEST PORTFOLIO OF
ROYALTIES OVER EXPLORATION-STAGE ASSETS.
3. 3BENEFITS OF THE ROYALTY AND STREAMING MODEL
ONE OF THE BEST WAYS TO INVEST IN THE MINING SPACE
FAR SUPERIOR INVESTMENT VERSUS
PHYSICAL OR HOLDING MINING
COMPANIES
MITIGATES EQUITY LEVEL RISK. I.E. (NO
CAPEX, NO COST OVER-HANGS, NO
EXPLORATION EXPENSES AND MOST
IMPORTANTLY NO DILUTION)
LEVERAGE TO COMMODITY
PRICE UPSIDE
CONSISTENTLY COMMANDED PREMIUM VALUATIONS
IN PUBLIC MARKETS, OUTPERFORMING ETF’S AND
MINING COMPANIES OVER THE PAST 20 YEARS.
FIXED OPERATING AND CASH
COST, STRONG MARGINS
PARTICIPATE IN THE INCREASES IN METAL
PRICES, RESOURCE SIZE AND INCREASES
IN PRODUCTION.
STREAMING AND ROYALTY GROUPS OFTEN TRADE AT 25 - 35X FORWARD CASH FLOW
MULTIPLES
4. 4THE VOX COMPETITIVE ADVANTAGE
A UNIQUE BUSINESS MODEL WITHIN THE ROYALTY AND STREAMING SPACE
Diversified royalty portfolio
» Diversified approach gives broader pipeline and inherent competitive advantage. Investing in Vox gives you exposure to lithium, graphite,
cobalt, vanadium, gold, silver, platinum, palladium, nickel, copper, lead, zinc, silver and iron ore amongst others.
Unique, defensible intellectual property
» As part of our acquisition of Mineral Royalties Online (“MRO”), Vox acquired a proprietary database of over 7,000 royalties g lobally which
was compiled over the course of five years. With the acquisition, we built defensible I.P. into our business which yields wid er transactional
opportunities, many of which are truly unique and proprietary in nature.
One of the fastest growing royalty companies in the space
» Since the start of 2019, Vox has entered 11 separate agreements to acquire 34 royalties across 7 countries.
Genuine first mover in battery and specialty metals
» Investing in the future with the electric vehicle thematic
Exceptionally strong M&A pipeline
» Our advanced pipeline includes existing royalties over Tier 1 and Tier 2 assets predominantly in the base, battery and indust rial minerals
sector; and several new stream financing opportunities across overlooked yet attractive by -product commodities.
Timing
» New entrants in the more competitively priced precious metals space have been exceptionally well received, paving the way for Vox as an
alternative vehicle to those seeking exposure to the attractive nature of royalty investments across a more diverse portfolio . Our goal is
fixated on carving a niche in the market by building the only truly diversified mid-tier royalty company on the TSX, targeting robust, long-
life cash flow over quality assets with strong counterparties, regardless of the underlying commodity.
Exploration upside
» In recognizing the potential for huge upside that exploration success can have for royalty holders, we continue to make oppor tunistic
investments and hold a modest portfolio of royalties over exploration-stage assets. Several of our portfolio properties have increased
resources or reserves by 50-100+% post-investment.
6. Strategic Equity Positions
~US$2M value2
Royalties and Streams
Within existing portfolio or under
agreement to acquire38
3
Producing & Cash-Flowing Assets
Cash-flow across FY2020 expected from three royalties
within portfolio or under agreement to acquire
6PORTFOLIO OVERVIEW
8. 8PORTFOLIO OVERVIEW
A GLOBAL FOOTPRINT, WITH A STRONG AUSTRALIAN WEIGHTING
41%
Mt Marion
British King
Graphmada
Yellow Giant
Montana Royalties
Mexican Royalties
Torrecillas
Pedra Branca
Ptombeiras
West Kundana, Kelly Well,
New Bore, Millrose, Kookynie
Greenbushes North,
Pilgangoora North &
Wodgina South
Koolyanobbing
Bowdens
Barabolar
Mt Ida
Forest Reefs
Mt Moss
Alce
Las Antas
Volga
Fortnum, Holleton,
Yalbra, Yamarna,
Green Dam
Sulphur Springs, Kangaroo
Caves, Ashburton, Merlin,
Thadunna, Glen, Anthiby Well
9. 9STRONG OPERATING ROYALTY COUNTERPARTIES
ROYALTIES OVER PROPERTIES HELD BY SEVERAL GLOBAL TIER 1 MINING COMPANIES
P A R T O F T H E
11. 11PORTFOLIO HIGHLIGHTS
PRODUCING AND CASH-FLOWING ROYALTIES IN PORTFOLIO OR UNDER AGREEMENT
MT MARION
GLOBALLY SIGNIFICANT LITHIUM
PRODUCER, LONG-LIFE CASHFLOW
AND TIER 1 COUNTERPARTIES
Koolyanobbing
» Royalty over a portion of the producing Koolyanobbing iron ore operation in
Western Australia, the greater Koolyanobbing operation has 2020 production
guidance in excess of 10Mtpa iron ore.
» Owned and operated by multi-billion dollar ASX-listed Mineral Resources Ltd.
Graphmada Graphite Royalty
» Producing graphite operation in Madagascar operating at nameplate capacity
of 6000tpa large flake graphite in concentrate.
» Plans to triple graphite production up to 20,000tpa through organic growth
strategy and further plant upgrades.
Torrecillas Gold Royalty
» Receiving forward-royalty payments from ASX-listed Titan Minerals for the
Torrecillas project, a past-producing gold exploration asset in Southern Peru.
» 2020 expected forward payments of US$1.0M in royalty consideration.
Mt Marion Lithium Royalty
» Royalty over a portion of the 2nd largest hard-rock lithium concentrate
producer globally, with a >20 year project life and a life-of-mine take-or-pay
contract for all lithium product mined.
» Owned by Tier 1 counterparties: Ganfeng 50% (suppliers of Tesla, BMW and VW)
and Mineral Resources 50% (Australia’s largest contract minerals processer and
a major lithium miner).
W.A. IRON ORE
ROYALTY OVER A MEANINGFUL
IRON ORE PRODUCER
GRAPHMADA
BIG ORGANIC GROWTH POTENTIAL
THROUGH INCREASED PRODUCTION
TORRECILLAS
CURRENTLY RECEIVING FORWARD
ROYALTY PAYMENTS
12. 12PORTFOLIO HIGHLIGHTS
GROWTH AND EARLIER-STAGE ASSETS
Pedra Branca PGM & Nickel Royalty
» A royalty over the largest and most advanced PGM project in South America.
» Exposure to a suite of battery metal commodities including nickel sulfides, cobalt and copper.
» Owned by TSX.V-listed ValOre Metals Inc, part of the highly successful Discovery Group of
companies.
Bowdens Silver Royalty
» Bowdens silver is the largest, undeveloped silver project in Australia and one of the largest
globally.
» Owned and operated by ASX-listed Silver Mines Limited (ASX:SVL).
» A feasibility study undertaken by Silver Mines in 2018 presents a 16-year mine life with total
production of 52Moz of silver, 108Kt of zinc and 79kt of lead recovered in concentrate.
Other Highlighted Development & Exploration Stage Assets
» Mt Ida South / Quinns Gold – being advanced to toll-treated production in Q2, 2020.
» Ashburton Gold – ~1.6Moz gold advanced exploration project owned by Northern Star Resources
» Sulphur Springs – Feasibility stage copper-zinc project with projected 1.25Mtpa operation
» Yellow Giant - high-grade underground gold-silver project, in commercial production 2014 & 2015.
» British King – past-producing Western Australian gold project.
» Ptombeiras West – high grade, greenfield vanadium, titanium and iron ore asset.
» Portfolio of West Australian gold exploration interests, with counterparties including Northern Star
Resources, Dacian Gold, Ramelius Resources, Newcrest Mining and Gold Road Resources.
» Portfolio of three exploration lithium assets in Western Australia, owned by SQM - a major lithium
miner, and covering >1000km2 of prospective ground
14. 14
RIGHT TIME TO BUILD A MID-TIER
DIVERSIFIED ROYALTY COMPANY
STRONG MARKET SENTIMENT FOR NEW
ROYALTY COMPANIES
METALLA ROYALTY AND STREAMING AND MAVERIX METALS ARE TWO OF THE
NEWEST ROYALTY COMPANIES TO COMMENCE TRADING ON THE TSX IN 2016.
July 15, 2016 to December 6, 2019
METALLA
ROYALTY AND
STREAMING
+443%
July 19, 2016 to December 6, 2019
MAVERIX METALS
+571%
15. 15
S A N D S TO R M G O L D M AV E R I X M E TA L S W H E ATO N P R E C I O U S F R A N C O N E VA D A
M E TA L L A R O YA LT Y
S T R E A M I N G
R O YA L G O L D
56x33x27x23x 26x 27x
E V / E B I D T A Tr a i l i n g M u l t i p l e s ; a s a t S e p 1 9 Q u a r t e r ( S & P C a p i t a l I Q )
ROYALTY COMPANIES TRADE AT ATTRACTIVE MULTIPLES
ONE OF THE BEST WAYS TO INVEST IN THE MINING SPACE
16. 16PEER COMPS: DRAWING COMPARISON WITH NEW ENTRANTS
Metalla Royalty
» Public offering: 2016
» Royalties upon listing: 0
» Royalties in current portfolio: 45
» Transactions (since start 2019): 4
» Share Price Appreciation: ~450%
Vox Royalty
» Public offering: 2020 proposed
» Royalties upon listing: 38#*
» Royalties in current portfolio: 38
» Transactions (since start 2019): 11
Maverix Metals
» Public offering: 2016
» Royalties upon listing: 13
» Royalties in current portfolio: 100+
» Transactions (since start 2019): ~4
» Share price appreciation: ~570%
*or under agreement to acquire
# 5 royalties under agreement subject to pre-emptive rights
Market Cap: C$290M
Fastest growing royalty company by # of
transactions since start 2019
Solid portfolio and critical mass with which to go
to the public markets
Market Cap: C$795M
Ongoing diverse approach and addition of public
currency: anticipating strong 12-month deal flow
17. 17A PROPRIETARY DATABASE
INHERENT COMPETITIVE ADVANTAGE WITH UNIQUE INTELLECTUAL PROPERTY
04
01
02
03
March 2019: Vox enters into
agreement to acquire Mineral
Royalties Online Pty Ltd (“MRO”).
Truly unique and proprietary database of more
than 7,000 royalties globally.
The combination yields wider transactional
opportunities, many of which are proprietary in
nature and builds defensible intellectual property for
Vox.
MRO Executives to join Vox bringing wealth of
additional royalty expertise & involvement in >$1B
royalty transactions over last 20 years.
Includes acquisition of number of
early stage royalties.
18. ROYALTY PORTFOLIO
ACQUISITION
▪ 1.0% NSR – PEDRA BRANCA (VALORE METALS)
▪ 1.0% NSR – PTOMBEIRAS (JANGADA MINES PLC)
▪ 1.0% NSR – MEXICAN EXPLORATION GROUND
(PRIVATE)
▪ 1.5% NSR - MONTANA EXPLORATION GROUND
(PRIVATE)
JAN
2019
GRAPHMADA GRAPHITE
ROYALTY ACQUISITION
▪ 2.5% GROSS SALES ROYALTY – GRAPHMADA
(BASS METALS)
BINDING AGREEMENT TO
ACQUIRE MT MARION
LITHIUM ROYALTY
▪ A$2/T + 1.5% GROSS REVENUE ROYALTY –
MT MARION (MINERAL RESOURCES +
GANFENG)
AGREEMENT TO ACQUIRE 3
LITHIUM ROYALTIES
▪ AGREEMENT TO PURCHASE THREE ROYALTIES
OVER PROSPECTIVE LITHIUM EXPLORATION
ASSETS (GREENBUSHES NORTH, PILGANGOORA
NORTH, WODGINA SOUTH) LOCATED IN
WESTERN AUSTRALIA, OWNED BY MAJOR
LITHIUM MINER SQM.
18HIGH GROWTH VEHICLE
SINCE BEGINNING OF 2019: 11 TRANSACTIONS CULMINATING IN 34 ROYALTIES
FEB
2019
JULY
2019
APRIL
2019
ACQUISITION OF 6 WEST
AUSTRALIAN GOLD
ROYALTIES
▪ 1.5% TO 2.5% NET SMELTER ROYALTY – WEST
KUNDANA (NORTHERN STAR RESOURCES
▪ A$1/T ORE ROYALTY – KOOKYNIE
(CONSOLIDATED)3
▪ A$1/T ORE ROYALTY – KOOKYNIE (MELITA)
▪ 1.0% NET SMELTER ROYALTY – KELLY WELL
(DACIAN GOLD)
▪ 1.0% NET SMELTER ROYALTY – KELLY WELL
(DACIAN GOLD)
▪ 1.0% GROSS REVENUE ROYALTY – MILLROSE
(JINDALEE RESOURCES)
JUNE
2019
C O N T I N U E D
O N N E X T
S L I D E
19. BINDING AGREEMENT TO
ACQUIRE PRODUCING
KOOLYANOBBING IRON ORE
ROYALTY
▪ 2.0% FOB ROYALTY OVER PRODUCING IRON ORE
ASSET OPERATED BY MULTI-BILLION DOLLAR ASX-
LISTED MINERAL RESOURCES LIMITED.
OCT
2019
BINDING AGREEMENT TO
ACQUIRE A SILVER
ROYALTY PACKAGE
▪ 0.85% GROSS REVENUE ROYALTY – BOWDENS
SILVER PROJECT AND BARABOLAR SILVER
PROJECT (SILVER MINES LIMITED)
▪ 1.0% GROSS REVENUE ROYALTY – BARABOLAR
SURROUNDS (SILVER MINES LIMITED)
19HIGH GROWTH VEHICLE - CONTINUED
SINCE BEGINNING OF 2019: 11 TRANSACTIONS CULMINATING IN 34 ROYALTIES
NOV
2019
BINDING AGREEMENT TO
ACQUIRE NEAR-TERM
PRODUCING MT IDA GOLD
ROYALTY
▪ 1.5% NSR ROYALTY OVER MT IDA/SOUTH QUINNS
GOLD (ALT RESOURCES). FLAGGED FOR TOLL -
TREATED PRODUCTION IN Q2, 2020.
JAN
2019
JAN
2019
BINDING AGREEMENT TO
ACQUIRE PORTFOLIO OF
TWO AUSTRALIAN
EXPLORATION ROYALTIES
▪ 1.5% NSR ROYALTY – FOREST REEFS
(NEWCREST MINING)
▪ 1.5% NSR ROYALTY – MT MOSS (CURTAIN
BROS QLD)
THE ACQUISITION OF THE VOLGA COPPER
ROYALTY AS PART OF OUR AGREEMENT TO
ACQUIRE MINERAL ROYALTIES ONLINE
▪ 2.0% GROSS REVENUE ROYALTY – VOLGA COPPER (NOVEL MINING)
+
FEB
2019
AGREEMENT TO ACQUIRE
PORTFOLIO OF FIVE WEST
AUSTRALIAN GOLD ROYALTIES:
▪ 1.0% GRR ROYALTY – FORTNUM (WESTGOLD)*
▪ 2.0% NSR ROYALTY – GREEN DAM (ST BARBARA)*
▪ 1.0% NSR ROYALTY – HOLLETON (RAMELIUS)
▪ 0.75% GRR ROYALTY – YALBRA (BUXTON)*
▪ A$7.50/OZ DISCOVERY PAYMENT – YAMARNA
(GOLD ROAD)
*SUBJECT TO RIGHT OF FIRST REFUSAL
AGREEMENT TO ACQUIRE
PORTFOLIO OF SEVEN
ROYALTIES OVER COPPER,
GOLD, IRON ORE PROJECTS:
▪ A$2/T ORE ROYALTY – SULPHUR SPRINGS (VENTUREX)
▪ A$2/T ORE ROYALTY – KANGAROO CAVES (VENTUREX)
▪ 1.75% GRR ROYALTY* – ASHBURTON (NORTHERN STAR)
▪ 0.75% GRR ROYALTY* – MERLIN (NORTHERN STAR)
▪ 1.0% NSR – THADUNNA (SANDFIRE RESOURCES)
▪ 0.2% FOB – GLEN (SINOSTEEL)
▪ 2.5% NSR (30% BASIS) – ANTHIBY WELL (HANCOCK)
MAR
2019
20. 20MEET THE TEAM
KYLE FLOYD, CEO & DIRECTOR
»Founder; former Investment Banker; instrumental in financing and
advising nearly $1B in transactions; Studied MSc Mineral Economics
(Colorado School of Mines) & BBus in Corporate Finance (University of
Washington)
A WEALTH OF ROYALTY AND STREAMING EXPERTISE
ROB SCKALOR, DIRECTOR
»Co-founder and President of Capital Instincts; oversaw the company’s
worldwide operations trading in various European, Asian and North
American equity markets; former General Counsel and Director Liquid
Capital (Europe’s largest fixed income and derivative market maker);
Director of Titan Minerals Limited (ASX:TTM)
SCOTT GREENBERG, DIRECTOR
»Founding-partner and CEO of Capital Instincts; oversaw the firms
growth to become one of the largest market makers on the Korean
Stock Exchange and carry out over $200B in arbitrage opportunities
across US, Asian and European markets; 31 years trading and
arbitrage experience; prior roles as COO and Director of Liquid
Capital Markets and Global Head of Business Development at IDEA
Global
SIMON COOPER, VP CORPORATE DEVELOPMENT
»Geologist, Mining Engineer and Investment Professional; corporate
roles in evaluation, M&A and project finance; base and precious
metals experience across five continents; MSc Mining Engineering
(Camborne School of Mines) & BSc Geology (University of New South
Wales).
SPENCER COLE, EVP NORTH AMERICA
»Co-Founder of MRO, Mining Engineer and former Investment Banker;
+10 years’ experience with BHP (M&A, Feasibility Studies), South32
(Hermosa Project, Boddington Bauxite Mine, Corporate) and UBS
Investment Bank; historically involved in >$1B of royalty transactions;
BComm (Finance) and MEng (Mining Engineering).
RIAAN ESTERHUIZEN, EVP AUSTRALIA
»Co-Founder and Principal Advisor of MRO; 20 years' experience in
multi-commodity exploration and commercial management roles with
BHP, Rio Tinto, Randgold and Goldfields; including significant
exposure to royalty transactions, due diligence and M&A; BComm
(Economics) and BSc (Hons) Geology.
»Our team brings a wealth of knowledge in the royalty and
streaming sector having been involved in >$1.5B of royalty
transactions over the last 20 years and instrumental in
financing or advising on an additional $1B of generalist metals
& mining transactions.
»We’ve put together an entrepreneurial team that’s been
involved in a significant number of royalty transactions
globally and our group brings deep cross-commodity technical
and operational expertise to the table.
21. 21FULL PORTFOLIO
ALL ROYALTY AND STREAMING INTERESTS
Asset Interest Commodity Stage Jurisdiction Operator Agreement Details
Mt Marion
A$2/t ore & 1.5% gross
revenue royalty
Lithium Producing Australia
Ganfeng & Mineral
Resources
Agreement to acquire subject to
certain conditions precedents
Koolyanobbing 2.0% FOB royalty Iron Ore Producing Australia
Mineral Resources
Ltd
Binding agreement to acquire
Graphmada 2.5% gross sales royalty Graphite Producing Madagascar Bass Metals Held in Portfolio
Torrecillas
Forward royalty payments &
2.0% net smelter royalty
Gold
Advanced royalty
payments
Peru Titan Minerals Held in Portfolio
Mt Ida South /
Quinns Gold
1.5% net smelter royalty Gold Pre-production Australia Alt Resources Binding agreement to acquire
Pedra Branca 1.0% net smelter royalty
Nickel, Copper, Cobalt,
PGM’s, Chrome
Development Brazil ValOre Metals Held in Portfolio
Bowdens 0.85% gross revenue royalty Silver-lead-zinc Development Australia
Silver Mines
Limited
Binding agreement to acquire
Baralobar
Surrounds
1.0% gross revenue royalty Silver-lead –zinc Exploration Australia
Silver Mines
Limited
Yellow Giant
Stream on 100% of silver
produced
Silver Development Canada
MCC Canadian
Gold Ventures
Held in Portfolio
British King
1.5% NSR first 10,000oz;
5.25% stream after
Gold Development Australia BK Gold Mines Held in Portfolio
Ptombeiras West 1.0% net smelter royalty
Vanadium, Titanium,
Iron
Resource
development
Brazil Jangada Mines Held In Portfolio
22. 22FULL PORTFOLIO - CONTINUED
ALL ROYALTY AND STREAMING INTERESTS
Asset Interest Commodity Stage Jurisdiction Operator Agreement Details
West Kundana
Sliding scale 1.5% to 2.5% net
smelter royalty
Gold Exploration Australia
Northern Star Resources
and Tribune Resources
Binding agreement to
acquire
Kelly Well
10% free carry (converts to
1% net smelter royalty)
Gold Exploration Australia Dacian Gold
New Bore
10% free carry (converts to
1% net smelter royalty)
Gold Exploration Australia Dacian Gold
Millrose 1% gross revenue royalty Gold Exploration Australia Jindalee Resources
Kookynie (Melita) A$1/t ore production royalty Gold Exploration Australia Privately held
Kookynie
(Consolidated
Gold)
A$1/t ore production royalty Gold Exploration Australia Nex Metals Exploration
Montana Assets 1.0% net smelter royalty Copper, Gold
Early-stage
exploration
USA Privately held Held in Portfolio
Mexican Assets 1.5% net smelter royalty Lead, Zinc, Silver
Early-stage
exploration
USA Privately held Held in Portfolio
Greenbushes
North
1% net smelter royalty Lithium Exploration Australia
SQM (Sociedad Quimica y
Minera de Chile)
Binding agreement to
acquire
Pilgangoora North 1% net smelter royalty Lithium Exploration Australia
SQM (Sociedad Quimica y
Minera de Chile)
Wodgina South 1% net smelter royalty Lithium Exploration Australia
SQM (Sociedad Quimica y
Minera de Chile)
23. 23FULL PORTFOLIO - CONTINUED
ALL ROYALTY AND STREAMING INTERESTS
Asset Interest Commodity Stage Jurisdiction Operator Agreement Details
Forest Reefs 1.5% net smelter royalty Gold and Copper Exploration Australia Newcrest Mining
Binding agreement to
acquire
Mt Moss 1.5% net smelter royalty Base Metals and Silver Care & Maintenance Australia Curtain Bros Qld
Fortnum/Peak
Hill*
1.0% gross revenue royalty Gold Exploration Australia Westgold Resources
Binding agreement to
acquire
Green Dam* 2.0% net smelter royalty Gold Exploration Australia St Barbara
Holleton 1.0% net smelter royalty Gold Exploration Australia Ramelius Resources
Yalbra* 0.75% gross revenue royalty Graphite Exploration Australia Buxton Resources
Yamarna A$7.50/oz discovery payment Gold Exploration Australia Gold Road Resources
Sulphur Springs A$2/t ore production royalty Copper-Zinc Feasibility Australia Venturex Resources
Binding agreement to
acquire
Kangaroo Caves A$2/t ore production royalty Copper-Zinc Feasibility Australia Venturex Resources
Ashburton*
1.75% gross revenue royalty
(>250koz)
Gold
Advanced
Exploration
Australia Northern Star Resources
Merlin*
0.75% gross revenue royalty
(>250koz)
Gold Exploration Australia Northern Star Resources
Thadunna 1.0% NSR Copper Exploration Australia Sandfire Resources
Glen 0.2% FOB Iron Ore Exploration Australia Sinosteel Midwest
Anthiby Well 0.25% GRR Iron Ore Exploration Australia Hancock Prospecting
*Subject to right of first refusal
24. 24FULL PORTFOLIO - CONTINUED
ALL ROYALTY AND STREAMING INTERESTS
Asset Interest Commodity Stage Jurisdiction Operator Agreement Details
Alce 3% gross revenue royalty Base Metals Exploration Peru Titan Minerals Held in Portfolio
Las Antas 2% gross revenue royalty Base Metals Exploration Peru Titan Minerals Held in Portfolio
Volga 2% gross revenue royalty Copper
Advanced
Exploration
Australia Novel Mining
Binding agreement to
acquire as part of acquisition
of Mineral Royalties Online
*Subject to right of first refusal
25. 25
Strathvale House,
90 North Church St
Grand Cayman
Cayman Islands
KY1-1201
+1345 926 4209
info@voxroyalty.com
www.voxroyalty.com
26. 26DISCLOSURE
THIS DOCUMENT IS BEING FURNISHED ON A CONFIDENTIAL BASIS, IN ORD ER FOR READERS TO CONSIDER AN OFFERING FROM SILVERSTREAM D/B/A V OX ROYALTY (THE “COMPANY”), AND MAY NOT BE
USED FOR ANY OTHER PURPOSE. THE INFORMATION CONTAINED IN THIS DO CUMENT HAS BEEN COMPILED FROM SOURCES BELIEVED TO BE RELIABLE. T HE COMPANY DOES NOT GUARANTEE THE
ACCURACY OR COMPLETENESS OF SUCH INFORMATION. STATEMENTS IN THIS DOCUMENT ARE MADE AS OF THE DATE OF THIS DOCUMENT UNLESS STATED OTHERWISE, AND NEITHER THE DELIVERY OF
THIS DOCUMENT AT ANY TIME, NOR ANY SALE HEREUNDER, SHALL UNDER A NY CIRCUMSTANCES CREATE AN IMPLICATION THAT THE INFORMATION CONT AINED HEREIN IS CORRECT AS OF ANY
SUBSEQUENT DATE.
THIS DOCUMENT, WHICH HAS NOT BEEN VERIFIED AND IS SUBJECT TO UPD ATING, IS PROVIDED FOR INFORMATION ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR
INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR SECURITIES IN ANY JURISDICTION. THIS DOCUMENT SHOULD NOT BE CONSIDERED AS A
RECOMMENDATION BY ANY PARTY TO ENTER INTO ANY TRANSACTION.
CERTAIN INFORMATION CONTAINED IN THIS DOCUMENT CONSTITUTES “FORW ARD-LOOKING STATEMENTS” WHICH CAN BE IDENTIFIED BY THE USE OF FO RWARD-LOOKING TERMINOLOGY SUCH AS “MAY”,
“WILL”, “SEEK”, “SHOULD”, “EXPECT”, “ANTICIPATE”, “PROJECT”, “ES TIMATE”, “INTEND”, “CONTINUE” OR “BELIEVE” OR THE NEGATIVES THER EOF OR OTHER VARIATIONS THEREON OR
COMPARABLE TERMINOLOGY. DUE TO VARIOUS RISKS AND UNCERTAINTIES, ACTUAL EVENTS OR RESULTS OR THE ACTUAL PERFORMANCE MAY DIFFER MA TERIALLY FROM THOSE REFLECTED OR
CONTEMPLATED IN SUCH FORWARD-LOOKING STATEMENTS.
NO RESPONSIBILITY OR LIABILITY IS ACCEPTED FOR THE ACCURACY OF THIS DOCUMENT, OR FOR ANY ERRORS, OMISSIONS OR MISSTATEMENTS IN T HIS DOCUMENT. IN SO FAR AS SUCH LIABILITY MAY BE
EXCLUDED BY LAW, NONE OF ANY PARTY MENTIONED IN THIS DOCUMENT, O R ANY OF THEIR RELATED BODIES CORPORATE OR AFFILIATES, OR ANY DI RECTORS, OFFICERS, EMPLOYEES OR ADVISERS OF
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