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 > Surprised

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Comment by BetontheFed1on Apr 14, 2021 9:59am

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Post# 32992009

RE:Surprised

You had to know something was wrong when there was no news on production in the last month. What could they possibly need more money for when their supposedly producing gold? Sumitomo is supposedly financing Egina. What could it possible cost to run bulk samples through a sorter? 30,000 tons is what? 10,000 cubic meters? Projects to a couple of million dollars? Their going to ramp up exploration? What for? They can't handle what they've already found.

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