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 Kelso99on Mar 04, 2019 12:08am

81 Views

Post# 29436534

RE:RE:RE:Novo

You make compelling points. It also looks like you don't like Pacton. Any point in your opinion though in buying PAC as the Red Lake project and new acquisition have some promise and market cap is still only ~$32M CAD? I imagine one could take a much smaller position in Pacton for the same option-like upside exposure to the Pilbarra play given the very small market cap, with some other chance that they have a find in Red Lake valuable to NEM/Goldcorp packaged up with PGM.

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