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.

TSX:NVO - Post by User

Novo Resources Corp > olr

<< Previous

Bullboard Posts

Next >>

Comment by mortgages101on Nov 12, 2021 9:19am

39 Views

Post# 34118916

RE:olr

Ummm. You guys all suffer from the same problems?
how is this better than expected. It's exactly what was expected. The NFG gained appeared. No shocker there. HIgh AISC, not making money from gold sales. year to date they sold $82M of gold which costs them $73M to produce and then paid $20M in general admin. Finance cost year to date $14M. Woof. The blew more on finance cost than they have on gross profit from mine operations.

<< Previous

Bullboard Posts

Next >>

How one company is disrupting PoC testing