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 6,700 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 lithium joint ventures with both Liatam and 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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Comment by Nutbagon Feb 06, 2018 9:58am

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Post# 27510266

RE:RE:RE:Test Plant

And that works for ~ 30 days (until you run out of permitted tonnage). Where do you take your tonnage from to make best use of it? There are not even trenches on Comet Well yet to tell you where you need/want to check things out. They have $70M in the bank. Processing the bulk sample today or in 6 months has little implication for their ability to advance this.

If they can actually get assay results from trenches on Comet Well in 30 days thats great (not holding my breath)

I agree that they will need to just mine this at some point (on the back of sparse set of data points), but thinking that they are wasting time here by figuring a way to sample is equally irrational.

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