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 > SP gives 30% discount on Mill purchase

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Comment by JRafflesUKon Dec 05, 2020 1:45pm

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Post# 32044210

RE:RE:SP gives 30% discount on Mill purchase

Better than paying borrowed cash for the mill ...... just following what Makuch did by buying Detour when KL's SP was ~C$64.

KL may have been unprepared to wait for all the Novo planned cash generators to come on stream.

However, the new shaft at Macassa is a capital instensive project which will have taken 5 years to come to fruition.

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