Vox Royalty Australia has reached a binding agreement to acquire a copper and gold royalty portfolio for up to $2.41m (A$3.4m) in cash.
The company signed a sale and purchase agreement with Latitude 66 (Lat66) and its subsidiary Syndicated Royalties covering Kalman in Queensland and Sylvania in Western Australia (WA).
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Kalman offers Vox Royalty Australia a 2% royalty on production from the EPM13870 tenement in Queensland, which is operated by Australian Securities Exchange-listed Hammer Metals.
The tenement includes the majority of the Kalman copper-molybdenum-gold-rhenium deposit, and the Kalman West and Hammertime prospects.
Hammer Metals has recently been the subject of takeover offers, most notably by Austral Resources, which executed a Scheme Implementation Deed with Hammer Metals in August 2026.
The separate Sylvania Royalty will provide a 1% net smelter return royalty on precious minerals and 1.5% on other minerals over approximately 1,700km² in WA.
This is payable under the deed between Greenmount Resources and Lat66.
The acquisition is conditional on Greenmount Resources waiving its right of first refusal, or the period for the right expiring without acceptance.
Vox Royalty Australia confirmed that the cash consideration is to be paid using available funds and that the completion of each royalty acquisition is independent from the other.
Each deal is subject to standard conditions and completion is expected within five business days once all terms have been satisfied or waived.
Vox Royalty president and chief investment officer Spencer Cole said: “The Kalman and Sylvania Royalties are textbook Vox assets – Australian copper and gold royalties with prospective regional geology, ongoing catalysts and proximity to existing processing plants.
“The Kalman project hosts a substantial copper-gold mineral resource and offers a potential pathway to fast-tracked development as a long-term ore feed source for Hammer Metals’ proposed acquirer, Austral Resources’, Rocklands processing facility.”
