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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 > Meaning of PEA
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Comment by TXRogerson Apr 02, 2021 3:44am
128 Views
Post# 32931273

RE:RE:RE:RE:Meaning of PEA

RE:RE:RE:RE:Meaning of PEA
HuberPeter wrote:

Thank you for your answer, much appreciated.

The coincidence that PFS date by 31.03 and now a PEA is published at 31.03 looks like something is behind the scenes.

however, you haven't respond to my question of the low utilization. No need to put those low 1.5mt p.a. processing rate in it. Any idea?

FCF is an important figure as producer. 

peter  



I believe I have responded to your question.  

The utilization rate stated in the PEA is the normal design mill processing rate per annum.  It is a steady reliable rate, not the maximum rate.  

Therefore the design rate is a the chosen figure in which to base a conservative PEA upon.

Tx

 

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