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 > Novo shares reached bargain hunting levels

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Comment by Fabrix72on Jun 28, 2022 6:31pm

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Post# 34788946

RE:Novo shares reached bargain hunting levels

Anither shameless pumper or a know nothing retard. Hey Oxi...CEO is your place...you can find few retards like you over there mate !

oxinos wrote: No one is extolling the deal to sell NFG shares to Eric Sprott. Now they can buy half the shares they had, pay off the $50.0 million owed to Sprott and still have about $40.0 million for exploration purposes! Looking at it another way, after the second tranche is sold to Sprott, and pay off the company's debt, they will have about $0.37 per share in Cash. All properties would be almost free.