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 > PEA or PFS

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Comment by smilingmickeyon Mar 25, 2021 7:37pm

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Post# 32883505

RE:RE:RE:PEA or PFS

Hello Peter,
A conundrum!!
A question to ask yourself is, was it wise, given the confidence of Novo to proceed with the acquisition of the Eagle Mill, without publishing a PEA (which I'm sure they could have) to await issue of a PEA until now. Prior disclosure would have demonstrated to the market the value of the MIllennium operation to Novo (which is IHMO is far higher than they actually paid.)

SM

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