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 HopToadon Oct 10, 2017 8:30am

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Post# 26793627

Mine Regulation in Western Australia

The State of Western Australia came out first in the 2015 Fraser Institute's Survey of Mining Attractiveness Index. There were one hundred or so companies listed. Mining is Western Australia's main industry. It creates jobs and taxes. Gold mining should be expected to be another jewel in the crown for Western Australia. Certainly we can expect some regulation, but we shouldn't expect it to be a deal-buster.

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