Novo Resources Corp. is pleased to announce that mapping and rock sampling have confirmed a new conglomerate discovery located approximately 2 kms to the south-west of the current Beatons Creek conglomerate gold resource ). The prospect, designated ‘Skyfall,’ has been confirmed as a younger depositional cycle in the Nullagine gold project. The [...]
Novo Resources Corp. is pleased to provide a further operational update, including from its Beatons Creek gold project on which development activities continue, and from refurbishment works at the Nullagine processing facility and associated infrastructure which are proceeding on schedule . Development activities at Beatons Creek: Civil works [...]
Novo Resources Corp. is pleased to provide an update on advanced planning ahead of CY2021 field trials using its Steinert KSS mechanical sorter at the Karratha Project . A highlight of recent preparatory laboratory test work includes successful recovery of significant gold from the previously untested fines fraction as well as recovery of fine gold [...]
Novo Resources Corp. is pleased to announce that receipts have been issued for Novo’s final short form prospectuses qualifying the distribution of an aggregate 17,192,379 units of the Company issuable pursuant to the automatic conversion of 17,192,379 previously issued subscription receipts of the Company. The Subscription Receipts were issued on a [...]
Novo Resources Corp. is pleased to provide an operational update, including from its Beatons Creek gold project on which development activities have commenced, and from refurbishment works on infrastructure recently acquired pursuant to the acquisition of Millennium Minerals Ltd. which are proceeding on schedule . Refurbishment works on [...]
Novo Resources Corp. is pleased to announce that mapping and surface rock sampling indicate the possibility of considerable extensions of the Beatons Creek conglomerate gold system. Highlights: The main M1 and M2 conglomerate gold lodes at the Beatons Creek gold project have been traced at surface along the western side of the Grant’s Hill fault [...]
Novo Resources Corp. is pleased to announce that the TSX Venture Exchange has accepted for filing documentation pertaining to Novo’s terms sheet with Kalamazoo Resources Ltd. dated September 22, 2020 whereby Novo has been granted an option to acquire an initial 50% interest in Kalamazoo’s Queens Project in Victoria, Australia. Accordingly, Novo has [...]
Novo Resources Corp. is pleased to announce that it has exercised its option to earn a 50% interest in the Malmsbury gold project held by ASX-listed GBM Resources Limited . Transfer of the Interest to Novo is subject to approval from the Victorian Department of Jobs, Precincts and Regions and the Australian Foreign Investment Review Board . Please [...]
Novo Resources Corp. is pleased to announce that it has been granted an option and an additional earn-in right to acquire an initial 50% interest in ASX-listed Kalamazoo Resources Ltd.’s Queens gold project located in the Bendigo zone of Australia’s Victorian goldfields , with the possibility of an increase to an 80% interest, as described below [...]
Novo Resources Corp. is pleased to announce that it has signed a binding terms sheet with ASX-listed Calidus Resources Ltd. to sell a portion of the Company’s Blue Spec project for gross cash consideration of A$19.5 million . The Transaction is subject to the satisfaction of certain conditions precedent including Calidus arranging sufficient [...]
Novo Resources Corp. is pleased to announce that it has reached first completion with respect to its previously announced binding terms sheet with Mark Creasy and entities controlled by him and issued 2,582,269 common shares of the Company to the Creasy Group . The First Completion Shares are subject to a statutory hold period expiring on January [...]
Novo Resources Corp. is pleased to announce that Novo’s recently acquired wholly-owned subsidiary, Millennium Minerals Ltd. , has today settled all debts it owed to IMC Resources Gold Holdings Pte Ltd and IMC Resources Investments Pte Ltd . Please see the Company’s news releases dated August 4, 2020, and September 8, 2020 for further details. All [...]