HIGHLIGHTS 8,000 m of drilling planned for H2 2023 across key Pilbara prospects and Belltopper gold project in Victoria1. Drill programs are expected to support future shareholder value and planned ASX dual listing process, which remains proposed for Q3 2023. Recent A$10 million cornerstone investment and earn-in and joint venture 2 with [...]
Not for distribution to United States Newswire Services or for dissemination in the United States HIGHLIGHTS Closing of A$10 million cornerstone investment in Novo by De Grey Mining Ltd. via the issuance of 35,223,670 common shares of Novo at a price of approximately C$0.255 per Share, representing an undiluted 11.6% post-Financing position in Novo [...]
HIGHLIGHTS Major Western Australian gold developer De Grey Mining Ltd. to spend up to A$25 million on exploration of Novo's Becher Gold Project and adjacent tenements, encompassing approximately 1,000 sq. km, through an earn-in and joint venture under a binding Heads of Agreement . De Grey will earn a 50% direct stake in the relevant tenements by [...]
Ongoing aircore drilling at Becher continues to deliver significant intercepts , with key recent results including: 39 m @ 0.25 g/t Au from 81 m including 3 m @ 0.41 g/t Au from 108 m in F1843 18 m @ 0.38 g/t Au from 21 m including 9 m @ 0.56 g/t Au from 30 m also in F1843 12 m @ 0.43 g/t Au from 57 m including 6 m @ 0.66 g/t Au from 60 m also in [...]
HIGHLIGHTS Ongoing aircore drilling at Novo's 100%-owned flagship Becher Project continues to deliver promising results, with over 10,000 m of the planned Q2 2023 20,000 m program complete. Becher is located in the northern section of the Egina Gold Camp 28 km along trend from De Grey Mining Ltd.'s 10.6 Moz Au 1 Mallina Gold Project. Drilling is [...]
HIGHLIGHTS +20,000 m aircore drilling program underway in the northern Egina Gold Camp at Novo's flagship Becher Project, located in the Pilbara, Western Australia. Becher is situated adjacent to De Grey Mining Ltd.'s 10.6 Moz Au 1 Mallina Gold Project and 2.5 km south of their new Withnell South discovery2. New results from 1 m split re-assay AC [...]
HIGHLIGHTS Acquisition of remaining 50% interests in the adjacent Queens and Malmsbury gold joint ventures which comprise the Belltopper gold project in the prolific Bendigo Tectonic Zone of Australia's Victorian Goldfields is now complete A$0.75 million cash paid and 2,088,554 common shares issued to Kalamazoo Resources worth approximately A$0.75 [...]
HIGHLIGHTS The Bellary Dome Project is one of Novo's priority areas across its significant 10,500 sq km landholding in the Pilbara region of Western Australia. A 3,000 m reverse circulation drill program has commenced at the Catia Prospect, part of the Bellary Dome Project. Highly prospective gold mineralisation at Catia is structurally controlled [...]
Novo to acquire remaining 50% interests in the adjacent Queens and Malmsbury gold joint ventures in Victoria, Australia As a result, Novo will have sole ownership of the Belltopper gold project in the prolific Bendigo Tectonic Zone of Australia's Victorian Goldfields Consolidation of Belltopper will provide Novo with a central, strategic position [...]
HIGHLIGHTS The Becher Project is located ~28 km WSW of De Grey Mining's 10.6 Moz Au 1 Mallina Gold Project and is Novo's focus for its next drilling program. Analysis of 2022 Becher aircore drilling assay results has identified high-priority structural and intrusion-related targets which appear similar to the Hemi deposit. Multi-element assays from [...]
HIGHLIGHTS Liatam Mining Pty Ltd , Novo's battery minerals joint venture partner at the Quartz Hill project1 in the Mosquito Creek Basin, Western Australia, has outlined its 2023 exploration program Liatam's board has approved an aggressive 2023 exploration budget of A$4 million focusing efforts on systematic and scientific exploration [...]
HIGHLIGHTS The Becher Area target is located in the northern section of the Egina Gold Camp along trend from De Grey Mining Ltd.'s 10.6 Moz Au 1 Mallina Gold Project. Aircore drilling completed in 2022 on broad regional lines focused on ENE trending gold-fertile structural corridors and has successfully defined three standout gold and associated [...]
