HIGHLIGHTS Diamond drilling at NRV06 successfully intersected zones over several metres of disseminated to stringer style Ni and Cu sulphide in the Andover Intrusion, with spot assaying using a pXRF of up to 0.95% Ni and 0.25% Cu. Drilling at the Morto Lago target delivered key intercepts of: 3 m @ 3.35 g/t Au from 9 m in KC329; 4 m @ 6.74 g/t Au [...]
Novo Resources Corp. - Dear Shareholders, 2022 has certainly been a challenging year for Novo. A booming Western Australian mining industry and, to a certain extent, ongoing impacts of COVID-19 continued to impact the Company, with supply chain issues resulting in sharply elevated costs. Most notably, we had to make the difficult decision to [...]
Reverse circulation drilling has commenced in the Becher Area, with two rigs now testing prospects within 216 sq km of highly prospective, under-explored Mallina Basin geology on the Egina Project along trend from De Grey Mining Ltd.'s Hemi Gold Deposit. Standout gold results received from aircore drilling at the Irvine prospect, including 4 m [...]
HIGHLIGHTS New exciting high-grade assay results received from the 11-hole, 3,162 m diamond drilling program recently completed at the 50%-owned Malmsbury gold project located 50 km SSW of the high-grade Fosterville gold mine in Victoria, Australia. Significant results generated from the last two holes drilled in the program at Queens Birthday and [...]
Novo Resources Corp. is pleased to announce that it has published its inaugural sustainability statement for the 12-month period ended June 30, 2022. The Statement is available on the Company's website. "The Company undertook its first sustainability materiality assessment in early 2022 in order to generate a roadmap to drive improvement and [...]
Novo Resources Corp. reports its financial results for the nine-month period ended September 30, 2022. All amounts are expressed in Canadian dollars, unless otherwise noted. This news release should be read together with Novo's management's discussion and analysis and condensed interim consolidated financial statements for the nine-month period [...]
Novo Resources Corp. announces an updated Mineral Resource estimate for the Beatons Creek gold project located in the Nullagine region of Western Australia. The 2022 MRE incorporates extensive reverse circulation drilling completed between January 2020 and May 2022. The effective date of the 2022 MRE is June 30, 2022. A Technical Report ) in [...]
No lost-time injuries recorded during Q3 2022 or year-to-date 2022 Q3 2022 production of 13,137 oz Au, exceeding operational wind-down guidance1, bringing total production for year-to-date 2022 to 39,125 oz Au as Phase One operations complete at Beatons Creek2 0F Q3 2022 gross revenue of C$28.0 million 1F3 generated from sale of 12,426 oz Au [...]
Novo Resources reports its financial results for the six-month period ended June 30, 2022. This news release should be read together with Novo’s management’s discussion and analysis and condensed interim consolidated financial statements for the six-month period ended June 30, 2022 which are available under Novo’s profile on SEDAR. The three-month [...]
Novo Resources is pleased to advise that it has completed repayment of its senior secured US$40 million credit facility with Sprott Resource Lending subsequent to the completion of the sale of the Company’s New Found Gold Corp. investment1. The Company is now free of long-term borrowings, with an unaudited consolidated cash balance of C$76.6 [...]