Vox Royalty (VOXR) investor relations material

Industry and market context

• Operating in a constructive macroeconomic environment with record gold and copper prices and increased investor interest in gold equities.

• Royalty companies have historically outperformed mining equities and physical metals, offering leveraged exposure to commodity prices.

• Business model focuses on top-line revenue from mines, avoiding exposure to capital and operating cost inflation.

• Portfolio is heavily weighted towards tier-one jurisdictions, especially Western Australia, benefiting from favorable currency and gold price dynamics.

• Recent market inclusion in the Russell small-cap indices has driven index-based buying.

Portfolio composition and growth

• Over 80 assets across eight jurisdictions, with 80% precious metals (mainly gold) and 20% base metals (mainly copper).

• 14 producing assets currently, expected to rise to 22 within two to three years.

• Weighted average mine life of producing assets is 8-12 years, expected to increase to 10-15 years as new assets come online.

• Portfolio diversified by asset, operator, and geography, with no single asset contributing over 25% of revenue.

• Two-thirds of assets operated by companies with market caps over $2.5 billion, including major players like Northern Star Resources and Zijin Mining.

Competitive advantages and strategy

• Technically focused management team with over 10% insider ownership, leveraging deep industry expertise.

• Uses proprietary data and satellite imagery to identify undervalued royalty opportunities before market recognition.

• World's largest proprietary database of mining royalty contracts enables discovery of overlooked value.

• Rapid capital payback and high returns, with $45 million returned on $50 million invested over five years.

• Active buyback program and highest dividend yield in the industry, with dividends raised 10% annually for three years.