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 smilingmickeyon Nov 19, 2020 12:32pm

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Post# 31933448

RE:RE:Question

Thanks TX,
I seem to recall that Novo did report carrying out some sorting trials on the nuggety oxide ore from their deposits near BC in the dim and distant past, which had promising results. As I understand it, this is the same ore that they are now planning to use as feedstock to the BC mill.
I'm not sure if using a higher gold content feed would provide both extra output at BC (with limited loss of gold) as well as reduced processing costs.
I'm also not sure of how the rules on disclosure work. Not mentioned as important by Novo to date in recent RNSs

SM

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