Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp

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Post by santi69on Aug 29, 2016 9:42pm

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Post# 25189315

Novo Resources, Talga Resources property agreement

2016-08-29 21:37 ET - Property Agreement

The TSX Venture Exchange has accepted for filing a purchase and sale agreement dated Aug. 24, 2016, between Novo Resources Corp. and Beaton Creek Gold Pty. Ltd. (a subsidiary of the company), and Talga Resources Ltd., whereby the company may acquire 19 tenements and associated mineral exploration information in the Pilbara region of Western Australia. Consideration is $250,000 (Australian) (paid) and 765,115 common shares ($750,000 (Australian) of common shares). The tenements are subject to a 1.5-per-cent net smelter return (NSR).

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