Eric Sprott announces that today, The Sprott Foundation, which he controls, sold 40,300 common shares of Novo Resources Corp. over the TSX Venture Exchange at a price of $ 3.65 per share for aggregate consideration of $147,095.00. As a result of the sale and previous share issuances by Novo Resources Corp., Mr. Sprott's partially diluted beneficial ownership of shares decreased to below 10% and, therefore, the filing of [...]
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 mineralisation is located within easy trucking distance to the recently [...]
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: Works at Beatons Creek are progressing to plan with the development of site [...]
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 encapsulated in rocks from coarser size fractions . Both of these findings [...]
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 private placement basis pursuant to prospectus exemptions on August 27 [...]
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 Millennium’s infrastructure is proceedings as follows: Plant refurbishment works: Novo [...]
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, adding some 1.6 km of surface strike length, and remain open to the west [...]
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 initiated the six-month due diligence period under the Terms Sheet. Please [...]
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 see the Company’s news releases dated March 30, 2020 and April 6, 2020 for [...]
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. The Transaction is subject to approval of the TSX Venture Exchange and other [...]
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 financing to pay the Cash Consideration, the execution of various deeds of [...]
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 15, 2021. Immediately subsequent to the issuance of the First Completion [...]
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