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 wwadehammeron Nov 25, 2017 6:49pm

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Post# 27031975

Mobile Processor

From Artemis June 30, 2017 audited financial statement, Page 14

The Company purchased a small mobile gravity gold wet plant and installed the unit at the Nickol River Project during April 2017. The commissioning of the plant was completed in late May 2017 (Figure 8), with an average throughput of 900 tonnes per day. Cash operating costs ranged from $A14,260 to $A16,600 per day depending on the trucked tonnages moved.

The plant operated in a development stage to the end of June 2017, processing trial batches of material from across the available leases at Nickol River.

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