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 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.

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Novo Resources Corp

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Post by Betteryear2on Oct 10, 2023 10:28am

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Post# 35676928

Liatam Quartz Hill Battery Mineral Earn-In Update T.NVO

HIGHLIGHTS

Liatam has expanded the Quartz Hill Project area and increased the earn-in amount to A$1.7 million.
The additional tenements extend the exploration area from 615 km sq to 818 km sq.
Two main focus areas progressed during 2022 exploration reconnaissance programs extending the mapped pegmatite swarms to over 5 km strike.
Liatam is required to spend A$1.7 million over a 24-month period (from commencement date of April 2023) to earn up to an 80% interest in the battery mineral rights at Quartz Hill. Novo retains 20% in battery minerals rights, and 100% interest in all other rights.

VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update in relation to the earn-in agreement with Liatam Mining Pty Ltd (Liatam) relating to battery mineral rights at the Quartz Hill project (Quartz Hill).

Liatam Quartz Hill Battery Mineral Earn-In Update (globenewswire.com)