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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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

Bullboard Posts
Comment by Rhino10on Jan 10, 2019 7:09am
92 Views
Post# 29210800

RE:RE:RE:RE:RE:RE:Novo and Sumitomo Corporation Extend MOU

RE:RE:RE:RE:RE:RE:Novo and Sumitomo Corporation Extend MOUExactly my sentiments -  Brokers wont touch listed companies with alluvial gold operations for a simple reason - they never see most of the gold. Even private operators like myself factor in gold losses - you walk into the town pub and one of your guys has been selling nuggets in the bar. Novo are on a hiding to nothing -you can't scale up an alluvial gold operation unless you have widespread gold mineralisation. And the idea that past operators have not  run down all leads is a big stretch of the imagination. Karratha was different -it was in with a chance but Egina is a pipe dream that will surely end in tears. 
Bullboard Posts