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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

Post by WisGuy1on Jun 26, 2022 7:50am
282 Views
Post# 34782869

My Q & A with Mike Spreadborough

My Q & A with Mike SpreadboroughMy Q & A with Mike Spreadborough:  The way I read the ore sorting NR is that testing was only done on lower grade material. Is that correct?...... Yes, this testing using the Novo sorter facility was based on lower grade material and was a great success...... It seems like there had to be some higher grade material tested. If I'm right, why were those results not included in the NR?..... This program did not include any higher-grade material – this material was tested a couple of years ago in Perth at a test facility with good results...... Is it that you were already confident that sorting works on the higher grades?..... So yes, very confident that the ore sorter based on the current processing thoughts i.e. separating the crushed product into three size fractions for separate sorting.  As discussed in the NR, we need to complete the trial to understand what a production set up would look like and to arrive at a gold inventory so we can confirm project economics.
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