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 > Hey UK. Happy Freedom Day

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Comment by BetontheFed1on Jul 19, 2021 10:54am

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Post# 33569051

RE:RE:RE:Hey UK. Happy Freedom Day

Sprott is probably thinking it didn't get enough vig on the loan. 19% looks cheap now. No wonder Sprott forced Novo to do a a complete new drill program at Beaton's Creek and lowered the amount of the 2nd part of the loan by $10 million. Betcha Sprott has analysts looking at the weekly drill results at Beaton's Creek.

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