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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 6,700 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 lithium joint ventures with both Liatam and 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

Post by WisGuy1on Jul 08, 2021 8:49am
222 Views
Post# 33510995

Novo Production

Novo Production@afarmer just saw this.  They told us during the AGM they are going to increase gold ounce production every month through the end of the year.  Then they substantially increased production from May to June.  We can now see the results on the balance sheet with cash increasing by another CA$1,000,000 despite exploration activities. In another 90 days, we will know how far BC production has progressed and we will know even more in 180 days.  By then, they should be well on their way to 100,000 ounce per year steady state production and AISC and we should forward guidance for 2022. Now, that is something everyone can model from a financial perspective.  In other words, there is what we think they can do and then there is what we know they have done and what they will do.   
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