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Novo Resources Corp NSRPF


Primary Symbol: T.NVO

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 6,700 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 lithium joint ventures with both Liatam and 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 GildedWillie1on Oct 01, 2023 8:24pm
139 Views
Post# 35664323

RE:RE:RE:Best layed plans can't fight outside forces!

RE:RE:RE:Best layed plans can't fight outside forces!Oh, and any gold found at Egina will be refactory because of the nature of the intrusion, so it will be needing the POX circuit at Hemi to make it economical. Saving NOVO from another Nullangine disaster! However, the Hemi plant will also make mining at Nullangine undererground in the older Millenium mines profitable for NOVO if they can use the mill to make concentrate to ship to Hemi for the final step. 

A great discussion on this topic (inc Hemi) today here   https://www.youtube.com/watch?v=sy2x4G2_-3k&t=1473s  It doesnt cover Nullangine and the Golden Eagle mine etc but is very relevant for that and the future discoveries at Egina.
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