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.

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Novo Resources Corp

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Post by likeikeon Feb 02, 2021 11:16am

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Post# 32446801

central banks

> The People’s Bank of China increased its bullion reserves to a total of 62.45 million troy ounces.
> The Central Bank of Russia got rid of 50% of its dollars to buy 8.8 million troy ounces of gold bullion.
> Poland bought 3.2 million troy ounces in the second quarter, the most by a central bank since 2009. And that’s just a snapshot of the many nations on a gold-buying spree.

In total, over the last two years, central banks have bought 20.9 million troy ounces of gold.

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