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 wwadehammeron Jun 23, 2018 9:27pm

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Post# 28219481

RE:RE:RE:RE:RE:Raglan Drilling Lecture

Rhino10 wrote: Novo put 30,000 tonnes through and spent millions and never produced an ounce of gold.

Rhino, Novo only processed 9,680 tons of Beaton's Creek material thru their small gravity plant with a resulting head grade of 1.88 gpt. That works out to around 595 ounces worth around $1 million in Canadian. Don't know what they did with the gold - maybe they still have it, but you're right, they didn't sell it and report it as income, but Novo did produce it.

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