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.

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Novo Resources Corp

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Post by elmoreno68on Aug 02, 2017 6:16am

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Post# 26536850

From 26 May News Release

"Novo will farm-in to 50% of the Gold Rights (as defined below) in Artemiss current and future tenements within 100km of Karratha (including at Purdys Reward, Weerianna, Carlow Castle, Nickol River) by expending AUD $2 million on exploration within two years of satisfying conditions precedent in the Farmin and JV Agreement (the Farmin Commitment)." Now, Artemis says that the newly found 14 km conglomerate horizon at MtOscarWits is 100% owned by Artemis and not subject to the earn-in JV agreement. The legal discussions have started. I am sure!!! However, Novo still holds the bulk of the land package with Wits potential. Artemis will not allow any exploration activities by Novo at MtOscarWits new discovery, I guess. elmoreno68

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