Novo Resources is pleased to advise that it has closed the second and final tranche of its previously announced sale of 15 million shares of New Found Gold Corp.. In the second tranche, Novo sold a total of 6.75 million escrowed New Found shares to a corporation controlled by Eric Sprott at C$8.45 per share for gross proceeds of approximately [...]
Novo Resources is pleased to provide an update on gold and nickel-copper targets at Purdy’s North on EL47/1745 and on the Maitland Intrusion in the West Pilbara region of Western Australia. Purdy’s North is adjacent to Azure Minerals’s Andover VC-07 nickel-copper-cobalt massive sulphide discovery and Artemis Resources Limited’s Carlow Castle [...]
Novo Resources advises that the Chair of the Western Australian Environmental Protection Authority has determined that the Company’s approvals submission regarding the Fresh mineralization component of the Company’s Beatons Creek gold project does not require assessment under Part IV of the Western Australian Environmental Protection Act 1986. The [...]
Novo Resources provides a 2022 second quarter operational update from the Beatons Creek gold project and the Golden Eagle processing facility. “Q2 2022 and H1 2022 have been critical periods for Novo,” commented Mr. Mike Spreadborough, Novo’s Executive Co-Chairman, Acting CEO, and director. “Despite operational setbacks with the Golden Eagle Plant [...]
Novo Resources reports that all resolutions proposed to shareholders at the annual general meeting of shareholders held today passed, including the election of all of the director nominees listed in the management information circular dated May 2, 2022. Voting as to each of the director nominees was as follows: Refer to the report of voting results [...]
Novo Resources announced details of the Company’s upcoming annual general meeting scheduled for 4:00 p.m. PDT on Tuesday, June 28, 2022, and investor presentation to be held subsequent to the Meeting at 4:30 p.m. PDT. Please see the Company’s notice of meeting and information circular, as filed under the Company’s profile at www.sedar.com and on [...]
Novo Resources provides an update on its mechanical sorting program. The Phase Two mechanical sorting trial has been completed, with samples from Comet Well, Purdy’s Reward, and Egina processed through the Sorter which was assembled adjacent to the Golden Eagle processing plant at the Nullagine Gold Project. The Phase Two trials represent a [...]
Novo Resources is pleased to report additional assay results received from the current diamond drilling program on RL006587 at the Malmsbury Project, approximately 50 km SSW of the high-grade Fosterville mine. Novo exercised its option over the Malmsbury Project to earn a 50% interest, and the right to earn an additional 10% interest by incurring [...]
Novo Resources is pleased to provide an update on the Feasibility Study and key initial results from the ongoing resource definition drilling program. “The Fresh component of Beatons Creek accounts for approximately 65% of the global Beatons Creek mineral resource estimate and is integral to Novo’s operational success. With mining of the Oxide [...]
Novo Resources provides an operations update for Beatons Creek. In December 20211, Novo released a three-phase mine plan for Beatons Creek which comprised of: Mining of the Beatons Creek Oxide mineral resource through Q2 2022, with the expectation that low-grade stockpiles would be processed through Q3 2022. Thereafter, transition to mining of the [...]
Novo Resources Corp. is pleased to advise that it has closed the first tranche of its previously announced sale of 15 million shares of New Found Gold Corp. . A total of 8.25 million New Found shares have been transferred to a corporation controlled by Eric Sprott at C$8.35 per share for gross proceeds of approximately C$68.9 million1. The second [...]
KEY POINTS Sumitomo Corporation of Tokyo, Japan has elected to convert its notional interest in Novo's Egina project in Western Australia to an equity stake in Novo1 Novo welcomes Sumitomo as a new shareholder with a twelve-month restricted 1.36% undiluted stake Pursuant to a non-binding memorandum of understanding2 , Novo and Sumitomo are [...]