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 > Hmm

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Comment by mortgages101on Aug 04, 2022 9:35am

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Post# 34870713

RE:RE:Hmm

They will blame the new high costs as to why they will put it on the back burner for now. Nevermind the fact that the gold is uneconomic. More money flushed down the toilet preparing a pfs knowing the fact beforehand. So 1% chance or less finding something similar to Hemi. And hoping to find some battery metal tawgets and then have someone purchase said tawgets. Let's hope ES doesn't have buyers remorse.

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