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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Comment by goldhunter11on Oct 02, 2017 11:34am

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Post# 26766473

RE:Kirkland Lake Gold buys into De Grey Mining

Novo,
Another link, from the West Australian, on the topic in addition to info in Annual Report (pdf page 11, actual page 10).

https://thewest.com.au/business/markets/kirkland-lake-golds-eric-sprott-keeps-up-pilbara-buzz-with-5m-for-de-grey-mining-ng-b88616336z

- 33.33Ms @ $ 0.15 represent 7.8% of de Grey
- plus 33.3M options (@ ??? for another 7.3%. Total: ~15% after option exercise

Anyone knows the opt price and terms?
Bet that ES would follow up with further investment with his own money. De Grey looks pretty attractive with its current RE of ~1Moz (without countaing the potential of conglomerate gold)
GH

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