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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

Comment by Perambulatoron Jan 08, 2023 9:29pm
303 Views
Post# 35210249

RE:NVO Finding Traction

RE:NVO Finding Traction
BuccJunior wrote: Disappointed YES, however, the crew at NVO have at least gotten back on the horse and instead of riding off into the sunset they appear to be coming up with alternative options from the vast holdings of the Pilbera. Meanwhile, an investment that I plunked $$ into thinking that Australia would be a safe holding has turned out to be anything of the sort. Crazy WEF interference with Government policy, staffing challenges, equipment challenges, realities of costs, "cart-before-horse" mining along with Aboriginal negotiations - and there's more challenges than I captured. Again, good on the crew at NVO to keep moving forward on possible improvements in production status and share price. I remain positive that NVO gets back to business.



Naivee newby post.
No,  nobody has got back on a horse, at least not a live one!
Novos abysmal exploration efforts continue. It no wonder they are not getting much as a result of tens of millions spent on exploring kangaroo pasture!  If the tenements did contain something worthwhile, the company has set up the exploration team for failure. Why would any competent staff work for this company when the parameters set by management preclude the use of science or basic good geology? Where when you fail, which you will given the hopeless projects you are given to work on, you will be thrown under a bus because the Donald Trump blowbag figure heading the company cannot accept the blame for his incompetence!
Guess what will happen when the supply of dumb newbys willing to buy Novo shares runs out!






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