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 > Novo pockets more cash from Blue Spec sale

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Comment by ronreaganon Mar 24, 2021 8:20am

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Post# 32864844

RE:Novo pockets more cash from Blue Spec sale

Thanks again, Wiseguy.

So, MOY screwed up in that they were trying to process sulphide ore in a mill that was designed to process oxide ore. And, instead of resorting to proven technology to make the fix (e.g. the Albion Process, as Prof. Tx pointed out some months ago), they were hard-headed and simply failed to get the job done. The ultimate result is they ended up mining and processing more SHAREHOLDERS than ore. I'm not confident I have this right, so please correct me.

It seems to me the good news here is that Novo will now have access to another mill?

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