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

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Post by Snozzeleron Aug 15, 2022 6:54pm

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Post# 34897918

I think instead

of always mentioning how they are "debt free" they should start talking about they are "value free", or "profit free". 6 consecutive qtrs of "profit free" results, "delivering value to our shareholders".

With an eye on 400k, er.. 250k ozs a year upon restart after a short CARE AND MAINTENANCE period. Fresh aisc to be much lower than $2505 usd currently. Strip to more than double, not to mention rising costs and a lower pog, but dont worry, unless we dont get that permit, or unless the consultants force us to shut it down permanently, then you can worry. The buggars.

Snozz

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