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 > If they drop

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Comment by GildedWillie1on Jun 02, 2023 5:10am

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Post# 35476363

RE:If they drop

And if they don't find anything to feed the Mill at Nullagine, they might have to write that down too. Based on the current focus, they aren't likely to find anything there before the Mill rusts away, because they aren't even looking any more! They even sold Blue Spec, the one high grade deposit developed by Millenium that could feed it if they invested in a path to treat refactory ore. Which appears to be the nature of most gold deposits in that basin.

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