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 > Mining Review Delivers Optimized Five-Year Plan

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Comment by BetontheFed1on Dec 13, 2021 9:08am

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RE: Mining Review Delivers Optimized Five-Year Plan

Didn't Bob M say 100,000 to 125,000 ounces per years easy. Now Novo says 54,000 to 66,000 per year. The grades are 40% less than what's in the PEA. The AISC is therefore 40% higher than what the pumpers were projecting. Better hope the gold price goes above $2,000 and ounce so Novo can be profitable.

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