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 > Jay Taylor Newsletter

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Comment by mortgages101on Apr 16, 2021 12:13pm

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Post# 33011333

RE:Jay Taylor Newsletter

Re: NPV5 of $250 million
By the time the dust settles the mill and miscellaneous start up costs will have been close to $250M.

WisGuy1 wrote:
@afarmer J Taylor's monthly newsletter came out this morning with the following comment on Novo: "Novo Resources saw its shares get hit hard in April when the company announced a C$22 million financing. I firmly believe the market is overreacting but as Quinton Hennigh explained to me once the company received the PEA, it concluded that it will need to

drill on 20x20 spacings before it begins to mine and mill in order to have better grade control. The PEA which was reported on April 2, calculated a NPV5 of $250 million. I view this as a buying opportunity and believe the company’s future is as bright as ever."