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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 27, 2024 7:40pm
81 Views
Post# 36284302

RE:Waluepro

RE:WalueproYes and I do wonder why DeGrey gave them the $10 Mill on top of the agreed JV exploration expenses? Rather than letting them go down the gurgler and then trying to buy out the rest of the JV from the receivers. DeGrey would have done due diligance and unlike many of the NOVO true believers, would have seen through all the snake oil salesmen. So why buy $10 mill in sares knowing that you will be saying goodbye to that money fairly quickly? Thats the $10 Mill question.

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