Novo Resources announced details of the Company’s upcoming annual general meeting scheduled for 4:00 p.m. PDT on Tuesday, June 28, 2022, and investor presentation to be held subsequent to the Meeting at 4:30 p.m. PDT. Please see the Company’s notice of meeting and information circular, as filed under the Company’s profile at www.sedar.com and on [...]
Novo Resources provides an update on its mechanical sorting program. The Phase Two mechanical sorting trial has been completed, with samples from Comet Well, Purdy’s Reward, and Egina processed through the Sorter which was assembled adjacent to the Golden Eagle processing plant at the Nullagine Gold Project. The Phase Two trials represent a [...]
Novo Resources is pleased to report additional assay results received from the current diamond drilling program on RL006587 at the Malmsbury Project, approximately 50 km SSW of the high-grade Fosterville mine. Novo exercised its option over the Malmsbury Project to earn a 50% interest, and the right to earn an additional 10% interest by incurring [...]
Novo Resources is pleased to provide an update on the Feasibility Study and key initial results from the ongoing resource definition drilling program. “The Fresh component of Beatons Creek accounts for approximately 65% of the global Beatons Creek mineral resource estimate and is integral to Novo’s operational success. With mining of the Oxide [...]
Novo Resources provides an operations update for Beatons Creek. In December 20211, Novo released a three-phase mine plan for Beatons Creek which comprised of: Mining of the Beatons Creek Oxide mineral resource through Q2 2022, with the expectation that low-grade stockpiles would be processed through Q3 2022. Thereafter, transition to mining of the [...]
Novo Resources Corp. is pleased to advise that it has closed the first tranche of its previously announced sale of 15 million shares of New Found Gold Corp. . A total of 8.25 million New Found shares have been transferred to a corporation controlled by Eric Sprott at C$8.35 per share for gross proceeds of approximately C$68.9 million1. The second [...]
KEY POINTS Sumitomo Corporation of Tokyo, Japan has elected to convert its notional interest in Novo's Egina project in Western Australia to an equity stake in Novo1 Novo welcomes Sumitomo as a new shareholder with a twelve-month restricted 1.36% undiluted stake Pursuant to a non-binding memorandum of understanding2 , Novo and Sumitomo are [...]
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 [...]
