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 > Record Monthly (July) Production From Nullagine Gold Project

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Post by Dormie18on Aug 05, 2021 10:32am

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Post# 33654424

Record Monthly (July) Production From Nullagine Gold Project

https://www.novoresources.com/news-media/news/display/index.php?content_id=470

HIGHLIGHTS

Continuing excellent safety record with no LTIs recorded at the Company’s Beatons Creek conglomerate gold project (the “ Nullagine Gold Project ”)
Record monthly gold production of 8,589 oz Au in July , a 46% increase over June
7,899 ounces of gold sold in July, generating revenue of C$17.8 million 1 (A$19.2 million) , a 50% increase over June
Record number of grade control assays processed in July (> 68,000 PhotonAssays) , expecting to clear the assay backlog by October 2021
Exploration drilling ongoing at near-mine and East Pilbara conglomerate and orogenic basement targets
July month-end cash balance of C$49 million , representing 6% growth since June
Fair value of Novo’s investments of approximately C$170 million 2