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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 Redflameon Aug 07, 2020 1:49pm
140 Views
Post# 31380057

RE:RE:RE:QH on Mill Purchase Details

RE:RE:RE:QH on Mill Purchase DetailsWhat did Tx say?  It cost IMC $25,000 a day to maintain the mill?  Ya, IMC was going to pay $25,000 a day for maintenance or let the mill rot.  Ya, IMC was going to tell the Australian Gov't to stick the restoration costs where the sun don't shine.   IMC did hire experts to make improvement recommendations before the MOY collaspe.  Guess what the experts told IMC?  It wasn't this is an easy fix and you'd be wise to pump  another $50 million into a plant that doesn't work with only 3 years of mill feed.  No what the experts told IMC is quit throwing good money after bad and dump it on Novo for what it get.
Bullboard Posts