Novo Resources Corp. reports its financial results for the nine-month period ended September 30, 2022. 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 condensed interim consolidated financial statements for the nine-month period [...]
Novo Resources Corp. announces an updated Mineral Resource estimate for the Beatons Creek gold project located in the Nullagine region of Western Australia. The 2022 MRE incorporates extensive reverse circulation drilling completed between January 2020 and May 2022. The effective date of the 2022 MRE is June 30, 2022. A Technical Report ) in [...]
No lost-time injuries recorded during Q3 2022 or year-to-date 2022 Q3 2022 production of 13,137 oz Au, exceeding operational wind-down guidance1, bringing total production for year-to-date 2022 to 39,125 oz Au as Phase One operations complete at Beatons Creek2 0F Q3 2022 gross revenue of C$28.0 million 1F3 generated from sale of 12,426 oz Au [...]
Novo Resources reports its financial results for the six-month period ended June 30, 2022. This news release should be read together with Novo’s management’s discussion and analysis and condensed interim consolidated financial statements for the six-month period ended June 30, 2022 which are available under Novo’s profile on SEDAR. The three-month [...]
Novo Resources is pleased to advise that it has completed repayment of its senior secured US$40 million credit facility with Sprott Resource Lending subsequent to the completion of the sale of the Company’s New Found Gold Corp. investment1. The Company is now free of long-term borrowings, with an unaudited consolidated cash balance of C$76.6 [...]
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 [...]
