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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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

Comment by BetontheFed1on Feb 03, 2022 9:34pm
73 Views
Post# 34395733

RE:nice action today

RE:nice action todayExpect a lot more days like this until production problems at the mill are addressed.  The exploration video reeked of desperation trying to get the shareholders attention away from the fact that the grade of the ore delievered to Beaton's Creek  have been a disaster and they won't say when and how things will improve.  They won't say when the fresh ore at Beaton's Creek will start to be mined and if we can expect 40% dilution for that type of ore too.  I don't think dilution will be any better for the fresh than for the oxide as the gold is still in certain conglomerate layers.  A 40% dilution rate for the fresh would raise the grade through the plant to 1.74 gpt ,if you believe the PEA, which is a lot better than the 1.2 gpt from the oxide.   That would be 100,000 ounces per year if they can keep the plant from breaking down once a month.  Where are the permits for the fresh?  Have the request for permits even been submitted?  What is all this drilling showing in regards to Beaton's Creek grades compared to the PEA.  How is the feasiability study going.  Why aren't we getting answers.  Anyone here think Novo can get permits to mine any of these exploration areas in 2022?  Anyone think they can mobilize another mining operation in the 2022.  Novo needs to do an hour and a half webinar on what to expect from mill production in 2022 and how much profit (if any) to expect.  
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