Novo Resources Corp. is pleased to announce that it has entered into an agreement to amend certain terms of its outstanding US$60 million credit facility with Sprott Resource Lending Corp. and Sprott Private Resources Lending II , LP , and has drawn down an additional US$5 million. Novo drew down the first US$35 million tranche of the Facility in [...]
Novo Resources Corp. is pleased to announce completion of a preliminary economic assessment for the Company's 100%-owned Beatons Creek conglomerate gold project , located in the Pilbara region of Western Australia. In addition to the potential viability of mineral resources at the Project reported by the PEA, Beatons Creek displays significant [...]
Novo Resources Corp. is providing an update on the previously announced sale of a portion of its Blue Spec project comprising mining leases 46/115 and 46/244 and related mining information in Western Australia to ASX-listed Calidus Resources Ltd. . Calidus has paid AUD $7.7 million to the Company to date. The Company and Calidus have executed a [...]
Novo Resources Corp. is pleased to announce that it has exercised its option to earn a 50% interest in the Queens gold project located in the Bendigo zone of Australia's Victorian goldfields and held by ASX-listed Kalamazoo Resources Ltd. . Please refer to the Company's news releases dated September 22, 2020 and September 29, 2020 for further [...]
Novo Resources Corp. is pleased to announce that it has poured its first gold bar from the Company's Beatons Creek gold project in Nullagine, Western Australia . The Company's inaugural commissioning gold pour was achieved following refurbishment of the Golden Eagle mill and rapid development of the Project, both of which have been completed on [...]
Novo Resources Corp. is pleased to announce that it has made its final payment for the Comet Well Project in the Karratha region of Western Australia comprised of A$3 million cash and 1,198,395 common shares . The Consideration Shares are subject to a statutory hold period expiring on June 5, 2021. As discussed in Company news releases dated June [...]
Novo Resources Corp. is pleased to announce all regulatory approvals have now been received and provide an operational update from its 100% controlled Beatons Creek gold project and Nullagine processing facility . Highlights: Development at Beatons Creek and refurbishment at the Golden Eagle Mill continue to progress safely, on schedule and within [...]
Novo Resources Corp. is pleased to announce that it has received a second payment totaling A$5 million from Calidus Resources Ltd. for certain tenements comprising the Company's Blue Spec project . Calidus now holds a 25% interest in the Blue Spec Project. In order to complete the purchase of the remaining 75% interest in the Blue Spec Project [...]
Novo Resources Corp. is pleased to provide an update from the Malmsbury project pursuant to its planned joint venture with ASX-listed GBM Resources Limited . GBM recently announced initial exploration results from the Project which are available here. The historical resource estimate disclosed in GBM’s news release of January 15, 2021 is stated to [...]
Novo Resources Corp. is pleased to announce that Mr. Michael Spreadborough has accepted an invitation to join its board of directors. Michael Spreadborough is currently CEO of Metals X Limited and previously Managing Director & CEO of Nusantara Resources and a Non-Executive Director of CleanTeQ Holdings. Mr. Spreadborough has a mining engineering [...]
Novo Resources Corp. is pleased to announce that it has received final approval from Toronto Stock Exchange to graduate from the TSX Venture Exchange and list on TSX its common shares and all 8,596,184 common share purchase warrants issued pursuant to the Company’s brokered and non-brokered private placements in August . The Shares and Warrants [...]
Novo Resources Corp. is pleased to announce that its Annual General Meeting of shareholders was held in Vancouver, British Columbia, Canada on December 17, 2020 at which all resolutions were passed, being: Setting the number of directors to be elected at six; The re-election of the incumbent directors of the Company, being Quinton Hennigh, Rob [...]
