HIGHLIGHTS The Bellary Dome Project is one of Novo's priority areas across its significant 10,500 sq km landholding in the Pilbara region of Western Australia. A 3,000 m reverse circulation drill program has commenced at the Catia Prospect, part of the Bellary Dome Project. Highly prospective gold mineralisation at Catia is structurally controlled [...]
Novo to acquire remaining 50% interests in the adjacent Queens and Malmsbury gold joint ventures in Victoria, Australia As a result, Novo will have sole ownership of the Belltopper gold project in the prolific Bendigo Tectonic Zone of Australia's Victorian Goldfields Consolidation of Belltopper will provide Novo with a central, strategic position [...]
HIGHLIGHTS The Becher Project is located ~28 km WSW of De Grey Mining's 10.6 Moz Au 1 Mallina Gold Project and is Novo's focus for its next drilling program. Analysis of 2022 Becher aircore drilling assay results has identified high-priority structural and intrusion-related targets which appear similar to the Hemi deposit. Multi-element assays from [...]
HIGHLIGHTS Liatam Mining Pty Ltd , Novo's battery minerals joint venture partner at the Quartz Hill project1 in the Mosquito Creek Basin, Western Australia, has outlined its 2023 exploration program Liatam's board has approved an aggressive 2023 exploration budget of A$4 million focusing efforts on systematic and scientific exploration [...]
HIGHLIGHTS The Becher Area target is located in the northern section of the Egina Gold Camp along trend from De Grey Mining Ltd.'s 10.6 Moz Au 1 Mallina Gold Project. Aircore drilling completed in 2022 on broad regional lines focused on ENE trending gold-fertile structural corridors and has successfully defined three standout gold and associated [...]
New basin-wide exploration strategy implemented in the Mosquito Creek Basin proving successful in identifying high priority targets New targets identified at Finucane over two parallel zones of gold and pathfinder anomalism in soil sampling, extending the prospective Middle Creek Fault further east. Each zone trends some five kilometres, with gold [...]
Novo Resources Corp. is pleased to announce that it has received approval from the Australian Foreign Investment Review Board to undertake second and final completion with respect to its previously announced binding term sheet1 with Mark Creasy and entities controlled by him . The Company has issued 8,431 common shares to the Creasy Group , which [...]
Novo Resources Corp. is pleased to advise of the withdrawal of a recently filed appeal of the Western Australian Environmental Protection Authority's decision to not assess the Company's proposed Phase Two Fresh operations1 at the Beatons Creek project. The proposal to mine Beatons Creek Fresh material will now be assessed and managed by the [...]
HIGHLIGHTS Closing of C$5 million strategic investment in Novo from Liatam Mining Pty, Australian-based manager of the Bald Hill lithium and tantalum mine in Western Australia, via the issuance of 12,820,512 units of Novo at C$0.39 per unit, representing an undiluted 4.9% post-Financing position in Novo Each Unit consists of one common share of [...]
Dear Shareholder, We understand that the GDXJ VanEck Junior Gold Miners ETF rebalanced its index holdings and liquidated its full position in Novo Resources Corp. on Friday December 16, 2022. GDXJ held approximately 9.6 million shares or 3.8% of Novo's total issued and outstanding shares. Consolidated trading volume in Novo shares on Friday across [...]
Novo Resources Corp. is pleased to announce that it has filed a technical report prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects related to its recent news release1 for its Beatons Creek gold project, Western Australia. The technical report, entitled "NI 43-101: Mineral Resource Update, Beatons Creek [...]
HIGHLIGHTS Liatam Mining Pty Ltd, Australian-based manager of the Bald Hill lithium and tantalum mine in Western Australia, will make a strategic investment of C$5 million in Novo through the purchase of 12,820,512 units of Novo at C$0.39 per unit, representing an undiluted 4.9% post-Financing position in Novo The Unit price represents a 26 [...]