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

Bullboard Posts

Comment by realtyon Dec 21, 2018 7:37am

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Post# 29144947

RE:RE:Why Novo Resources Has Massive Upside from $2.00 BM on JT

Mountbatten, I agree completely with your thoughts. I ran the same numbers you did fairly quickly to review what all the fuss was about and realized folks must have misinterpreted the news release. These are not good numbers for the company from an economic deposit perspective. I cant buy into this at all. Sure, there is a lot of low grade gold spread over huge distances, but it isn't even a guarantee that the low gold exists over the distances claimed. To much permitting, negotiation, and reclamation to be economic. Realty

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