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 > Novo Resources Looks To Raise $22 Million Via Special Warran

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Comment by HuberPeteron Apr 14, 2021 10:49am

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Post# 32992484

RE:RE:RE:RE:RE:RE:RE:RE:Novo Resources Looks To Raise $22 Million Via Special Warran

It's really a pity after promoting that recovery works excellent and everything is going smoothly. Then the 'backup' of sprott. Looks like sprott didn't provide more money after seeing ramp up phase; then the joke with the reason of drawing 5m of the sprott facility because of the change of the blue spec payment conditions.

grade problem is the most likely reason. PP price und warrants are hurting much. Way below the 30d average. Let's hope they can fill the placement.

peter

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