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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 Aug 16, 2023 3:44am
189 Views
Post# 35590396

RE:RE:RE: Could Novo Resources be De Grey 2.0?

RE:RE:RE: Could Novo Resources be De Grey 2.0?You mention the Lithium potential but Novo has been "exploring" their tenements in ernest for 5 years and havent found anything. Their "exploration" consists of looking up the minedata database for old mines and locating them in the field. There are no old lithium mines for them to relocate, and frankly any exploration starting now by a farmout, unless they turn up a huge high quality deposit, is just too late.

But I agree that if DEG find another Toweranna sized gold deposit then they may be willing to throw in another 10 million to gain 100% ownership. That pays those enjoying a lifestyle for a bit longer.

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