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.

TSX:NVO - Post by User

Novo Resources Corp

Bullboard Posts

Comment by JintsuGehanon Jun 11, 2018 10:37pm

266 Views

Post# 28157711

RE:JV from KL or a major coming?

This is purely "wishful thinking".

IR, at Kirkland Lake Gold, point blank said there is no more corporate investment in NVO for the time-being.

Reason: The purchase of the Artemis stake of 4 M shares was to keep KL's approx. 18.1 % position as it was diluted down to approx. 16 % after September 2017 as the Fall went on. That's it!

Merely share float re-balancing to get to original stake.

Contact Mark Utting if you want more details, but don't talk about some JV that is years away from fruition.

We KL shareholders have ample NVO exposure now and don't want any more!

And yes ES reads both boards.

JIN
KL Long-Term Shareholder

GoNovo2014 wrote: Here's a link on the KAI board to an interesting debate. I think someone (Tx?) had pointed out, a JV announcement from a big player is the answer to this dilemma.

https://hotcopper.com.au/threads/dilema-facing-conglomerate-stocks.4238434/?post_id=33639505#.Wx8n0tq9KSM