HIGHLIGHTS Novo has received full over-subscriptions for its maximum A$7.5 million raising under ASX IPO. With the offer fully subscribed, Novo has closed the offer period ahead of schedule. Proposed ASX listing presents an opportunity to enhance Novo's profile across a broader mix of investors and facilitate the potential for further growth of its [...]
Novo Resources Corp. announces that Mr Ronan Sabo-Walsh has resigned as the Company's Chief Financial Officer and Corporate Secretary. Ms Elza van der Walt has been appointed as CFO and joint Corporate Secretary. Ms Lisa Smith is appointed as General Counsel and joint Corporate Secretary. Both appointments are effective as of 21 August 2023. The [...]
HIGHLIGHTS Novo's partner De Grey Mining Ltd. is planning ~ 39,000 m of aircore, reverse circulation and diamond drilling, commencing in September on the Egina joint venture area1, focussing initially at Becher. Novo will carry out ~ 2,000 m of reverse circulation drilling at Nunyerry North to test structurally controlled high-priority gold targets [...]
Not for distribution to United States Newswire Services or for dissemination in the United States HIGHLIGHTS Offer period now open for Novo's planned initial public offering on the Australian Securities Exchange 1 Prospectus lodged on 2 August 2023 with the Australian Securities and Investments Commission which outlines plans to raise gross [...]
Not for distribution to United States Newswire Services or for dissemination in the United States HIGHLIGHTS Novo has lodged a Prospectus with the Australian Securities and Investments Commission to undertake an initial public offering in Australia of Chess Depositary Interests and to seek to dual list on the Australian Securities Exchange The Novo [...]
HIGHLIGHTS 8,000 m of drilling planned for H2 2023 across key Pilbara prospects and Belltopper gold project in Victoria1. Drill programs are expected to support future shareholder value and planned ASX dual listing process, which remains proposed for Q3 2023. Recent A$10 million cornerstone investment and earn-in and joint venture 2 with [...]
Not for distribution to United States Newswire Services or for dissemination in the United States HIGHLIGHTS Closing of A$10 million cornerstone investment in Novo by De Grey Mining Ltd. via the issuance of 35,223,670 common shares of Novo at a price of approximately C$0.255 per Share, representing an undiluted 11.6% post-Financing position in Novo [...]
HIGHLIGHTS Major Western Australian gold developer De Grey Mining Ltd. to spend up to A$25 million on exploration of Novo's Becher Gold Project and adjacent tenements, encompassing approximately 1,000 sq. km, through an earn-in and joint venture under a binding Heads of Agreement . De Grey will earn a 50% direct stake in the relevant tenements by [...]
Ongoing aircore drilling at Becher continues to deliver significant intercepts , with key recent results including: 39 m @ 0.25 g/t Au from 81 m including 3 m @ 0.41 g/t Au from 108 m in F1843 18 m @ 0.38 g/t Au from 21 m including 9 m @ 0.56 g/t Au from 30 m also in F1843 12 m @ 0.43 g/t Au from 57 m including 6 m @ 0.66 g/t Au from 60 m also in [...]
HIGHLIGHTS Ongoing aircore drilling at Novo's 100%-owned flagship Becher Project continues to deliver promising results, with over 10,000 m of the planned Q2 2023 20,000 m program complete. Becher is located in the northern section of the Egina Gold Camp 28 km along trend from De Grey Mining Ltd.'s 10.6 Moz Au 1 Mallina Gold Project. Drilling is [...]
HIGHLIGHTS +20,000 m aircore drilling program underway in the northern Egina Gold Camp at Novo's flagship Becher Project, located in the Pilbara, Western Australia. Becher is situated adjacent to De Grey Mining Ltd.'s 10.6 Moz Au 1 Mallina Gold Project and 2.5 km south of their new Withnell South discovery2. New results from 1 m split re-assay AC [...]
HIGHLIGHTS Acquisition of remaining 50% interests in the adjacent Queens and Malmsbury gold joint ventures which comprise the Belltopper gold project in the prolific Bendigo Tectonic Zone of Australia's Victorian Goldfields is now complete A$0.75 million cash paid and 2,088,554 common shares issued to Kalamazoo Resources worth approximately A$0.75 [...]