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 > This purported pea

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Comment by smilingmickeyon Mar 31, 2021 12:30pm

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Post# 32914624

RE:This purported pea

So far as I'm aware the PEA has not been issued. Comments on its contents seem premature.

As previously posted on this Board, Novo is not under any obligation to ask Sprott for extra credit so no current need to prepare/publish a Pre-feasibility Study. Furthermore I recollect having heard in various interviews given by QH recently that Novo expects to be generating cash from Q2 onwards and so have no need for this additional funding. They were certainly in a healthy cash position when the latest presentation was provided on their web site dated in early March.

SM

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Investors eye Australian gold mining projects amid promising developments