Novo Resources Corp. advises that Mr. Rob Humphryson has resigned as a director and Chief Executive Officer. The Company would like to thank Mr. Humphryson for his invaluable contributions throughout his tenure at Novo. "Rob was one of the first additions to the Novo team when we officially established our base in Perth, Western Australia in 2017 [...]
KEY POINTS Novo has agreed to sell its stake of 15 million shares in New Found Gold Corp. to a corporation controlled by Eric Sprott for gross proceeds of C$125.9 million pursuant to arm's length negotiations representing an aggregate 9.3% premium to market Completion of the Transaction will leave Novo debt-free and with a pro-forma cash balance of [...]
No lost-time injuries were recorded during the first quarter of 2022 Q1 2022 production of 13,378 oz Au from Beatons Creek conglomerate gold project , a 4.2% increase over the previous quarter and in line with guidance1 Q1 2022 revenue of C$31.9 million 2, a 6.7% increase over the previous quarter, from the sale of 13,364 oz Au Novo's production [...]
Novo Resources Corp. is pleased to announce its financial results for the three and twelve-month periods ended December 31, 2021. 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 audited consolidated financial statements for the year [...]
HIGHLIGHTS Rock chip sampling at the historic Pilgrims Rest Gold Mine at Station Peak in Western Australia has returned multiple high-grade results over 200 m strike, including 91.16 g/t Au, 30.15 g/t Au, 13.27 g/t Au and 12.08 g/t Au Numerous rock samples assayed >1 g/t Au, with the majority of samples being mineralized > 0.1 g/t Au Results [...]
HIGHLIGHTS Grid soil sampling at the Nunyerry North prospect, located south-west of the Company's Egina District, has defined a coherent high-order gold anomaly over a strike of 640 m and open to the west Ten soil samples returned > 1 g/t Au including 2.3 g/t Au, 2.13 g/t Au, 1.84 g/t Au and 1.59 g/t Au Rock chip sampling returned peak high-grade [...]
Novo Resources Corp. is pleased to announce that Novo's exploration team will provide a comprehensive update on exploration activities in Western Australia and Victoria at the following upcoming webinar: Focus Communications & Cory Fleck Wednesday, February 2 @ 1:00pm PST / 4:00pm EST To register and attend the webinar, please use the following [...]
HIGHLIGHTS Very large portfolio of Western Australian tenements highly prospective for conglomerate and orogenic/intrusion-related gold deposits, base-metals and battery-metals Accelerating near-mine exploration programs at Nullagine Gold Project , with a 20,000 m reverse circulation drill program underway and completion expected in H1 2022 [...]
HIGHLIGHTS First phase of a 15,000 metre reverse circulation drilling program across shallow oxide mineralization on granted mining leases at the Parnell-Vulture Trend was completed prior to the 2021 holiday period, with 83 holes drilled for a total of 5,200 metres PhotonAssay gold results from Parnell have been received, with significant assays [...]
KEY POINTS During the fourth quarter of 2021 , one lost-time injury was recorded Lower than forecast gold production of 12,833 oz Au in Q4 20210F1 due to a change in the December mining schedule and reduction in recovery due to technical issues with the carbon regeneration kiln, delivering production of 49,364 oz Au for the year ended December 31 [...]
Dear Shareholders, 2021 was a transformative year for Novo Resources as we moved from being an explorer to an explorer and producer. With the acquisition and refurbishment of the Golden Eagle processing facility in 2020, we were able to bring the Beatons Creek conglomerate gold project into production in early 2021. As we safely transitioned to [...]
HIGHLIGHTS Steinert KSS 100F LIXT fine mechanical sorting unit constructed and commissioned at the Company's Nullagine gold project in Western Australia Comet Well and Purdy's Reward samples have been processed with results pending Concentrates undergoing assessment by Novo geologists ahead of assay to determine gold content VANCOUVER, British [...]