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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Bullboard Posts
Comment by Redflameon Dec 24, 2017 8:55am
273 Views
Post# 27223555

RE:RE:RE:RE:RE:RE:Novo to Commence BULK MINING

RE:RE:RE:RE:RE:RE:Novo to Commence BULK MINING
Rhino10 wrote: Halo  The excess tonnage grant is on E47/1745 the subject of the Joint Venture  so Novo have full access. 


From Artemis presser dated Nov 27:....Artemis has also started relocating its 100 tonne per hour gravity plant from its Nickol River operations near Karratha to the Radio Hill Site, where it will be installed in readiness to process sizeable bulk samples of gold bearing conglomerates, in conjunction with a multi-stage contract crushing plant, when required.

Well Rhino, maybe your prayers have been answered.  I don't understand that last bit about in conjunction with when required.  The Nickol River gravity plant was processing ore before being moved.  When they moved it the last time in June 2017 they had it up and running in less than a month.  To a layman like me it appears Novo could be processing the 20,000 ton bulk sample right now unless awaiting "a multi-stage contract crushing plant" with contract meaning they can lease one.  

It would be helpful if  anyone could provide info on the likelyhood of this mobile plant coming on-line in the near future.

Bullboard Posts