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 > New Press Release - De Grey Mining Ltd. Announces Increased Investment in Novo Resources Corp.

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Comment by ValueProon Jun 29, 2023 10:59am

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Post# 35520467

RE:RE:New Press Release - De Grey Mining Ltd. Announces Increased Investment in Novo Resources Corp.

"Perhaps De Grey’s entry will mark the bottom for NOVO."

I'd like to believe that, but the market for exploration-phase miners is horrible. The situation may not change soon, though individual issues can buck the trend based on substantive news. Still, I can't see a better space for speculative investors.

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