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 > Squandering money like going out of style

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Comment by Sandiegobannedon Nov 30, 2022 4:59pm

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Post# 35141145

RE:Squandering money like going out of style

Well, looks like they have 36M in working capital. So that should tell you. I do agree that they need to slow it down or do something. This is one of those that could go BK or could go 10x., That is the problem with the jrs. Also, Beatons was always supposed to be the one that wasn't a big deal. I thought it was the other (i can't recall)... that was supposed to be the big one. I haven't been here in 2 years but seriously suprised at how this has turned out...

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