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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

Comment by mrbubbaon Dec 19, 2020 11:04am
144 Views
Post# 32146869

RE:RE:HEAD GRADE QUESTION

RE:RE:HEAD GRADE QUESTIONThanks very much, Tx. Very, very interesting. I saw this post before, but I guess I did not really understand it when I first read it back when.

So, we have to be very careful about the ore concentrate that is introduced to the mill, as it could "gum up the works" - and mainly because we have ores coming in from different destinations (Beaton's Creek versus Karatha) and ores that need to be processed differently. Our guys have been, are, and will be in the process as we go forward of tweeking the various inputs in order to maximize production from a cost/benefit standpoint - indeed above my paygrade.

So, I guess once we feel this out, then we can start making educated guess/computations as to exactly how much we believe the Karatha to be worth. Am I interpreting correctly here?


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