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 BASTILLEDAY4Uon Apr 25, 2018 4:58pm

233 Views

Post# 27940679

RE:RE:RE:RE:80 nuggetts estimated weight?

I'm guessing there are 5-10 ounces of gold on that sheet of graph paper. Dimensions of a 1 oz. gold bar = 50 mm. x 29 mm. x 1.171 mm. thick. The kicker is how much time and money were spent recovering those 5-10 ounces. Not sure why $ 71+ million in cash is required for a project that appears to only need a minimal investment at this stage.

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