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 > Peter

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Comment by HuberPeteron Mar 25, 2021 2:58pm

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Post# 32876972

RE:Peter

what's the problem? 100m pit is no depth. Stripp off not more than 1:1.
for Open pit 460k oz indicated with 2.1 g/t, 270k wirh 2.7 g//t. All above 1.5 g/t will be very profitable. potential for open pit is fine.

For underground much more Ressources have to proved. 5 g/t okay, but not more. Probability low because of conglomerate style. Underground Capex Risk to High to make it without jorc.

peter

WailingWally wrote: Being the new guy how about your thoughts on this. Its a slow day, but its also an almost Friday afterall. And we cant let that go by without making some trouble.

Our bass player says this:

See the scale bar at the bottom. So the gold bearing zones come to surface only at the edge. The rest is covered with up to 60 m of over burden. https://www.novoresources.com/_resources/presentations/corporate-presentation.pdf

pgs 17 and 18 .

WW