Novo averaged 4800 oz/month in August and September, blaming lower grades and higher dilution on "(too) coarsely-spaced grade control drilling". That's a 57k oz per year rate; a sure failure for the Nullagine initiative, assuming it lasts even that long.
To get production up near where they need it to survive, Novo cited getting finer-spaced data in a timely manner as it's #1 priority.
We have found that closer spaced drilling is providing more certainty for mine forecasting and we are continuing to progress the completion of this drilling. The rapid assay turnaround provided by the Chrysos PhotonAssay technology through Intertek is allowing for this data to be used to mine more selectively.
However, Novo just gave their place in line, on the Chrysos(s) at Intertek, to New Found.
Pilbara Dore, if anyone is getting sodomized here, it's you.