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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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

Comment by Dormie18on Jun 23, 2021 10:40am
133 Views
Post# 33434059

RE:@tradeahead

RE:@tradeaheadIt sounds as though investment in Novo is being de-risked by mining and milling at BC being slightly cash flow positive for May, but I really need to read a transcript to be able to understand all their comments yesterday. Does their accounting system capitalize all other costs beyond BC? If so, upon publication of their 2Q results, we may be calling Novo a cashflow positive company. That's a pretty select list among junior miners.
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