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 > QH on kereport earlier today

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Comment by BetontheFed1on May 04, 2021 8:31pm

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Post# 33129460

RE:RE:RE:RE:QH on kereport earlier today

Speed, there's only 32 days until the agreement with Sumitomo on Egina expires. If the agreement expires then Novo will have to give Sumitomo about 3 million shares. On the bright side, Novo keeps 100% of the Egina moose pasture gold. Novo has probably offered to extend the agreement as it desparately needs Sumitomo money to keep Egina going. Wonder what Sumitomo thinks looking at the Beaton's Creek fiasco which they choose not to invest in. Sumitomo can get out now without losing a lot of money and blame it on Covid.

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