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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

Comment by Perambulatoron Aug 16, 2023 3:44am
160 Views
Post# 35590396

RE:RE:RE: Could Novo Resources be De Grey 2.0?

RE:RE:RE: Could Novo Resources be De Grey 2.0?You mention the Lithium potential but Novo has been "exploring" their tenements in ernest for 5 years and havent found anything. Their "exploration" consists of looking up the minedata database for old mines and locating them in the field. There are no old lithium mines for them to relocate, and frankly any exploration starting now by a farmout, unless they turn up a huge high quality deposit, is just too late.

But I agree that if DEG find another Toweranna sized gold deposit then they may be willing to throw in another 10 million to gain 100% ownership. That pays those enjoying a lifestyle for a bit longer.

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