HIGHLIGHTS Novo has sold 38% of its shareholding in privately-owned San Cristobal Mining for gross proceeds of A$11.5 million . The San Cristobal Share Sale exceeds the current internal fair value per San Cristobal share on Novo's balance sheet as of September 30, 2024. The San Cristobal Share Sale implies that Novo's remaining shareholdings in San Cristobal would have an estimated value A$19 million . The funds received [...]
HIGHLIGHT Austroid Australia Pty Ltd has acquired the remaining 20% of the Quartz Hill Joint Venture and Novo's 100% interest in Gold and Silver rights in the Quartz Hill Joint Venture for A$850,000 cash. Commenting on this transaction, Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer, said: "Novo would like to thank the Liatam group for the work they have done on the joint venture and their [...]
HIGHLIGHTS Significant Q3 2024 exploration results received from drilling programs at Novo Resource's priority targets across the Pilbara and Belltopper Project . Drilling at Nunyerry North completed in July with 34 RC holes for 3,942 m. The program tested multiple new targets along strike of known mineralisation and down plunge of existing intercepts extending the high-grade Main Lode to 500 m strike/plunge and [...]
Novo Resources Corp. is pleased to advise the release of its 2024 Sustainability Report, which outlines progress over the past year. The report is available on the Company's website - Novo Sustainability Novo's 2024 Sustainability Report demonstrates that Novo remains committed to sustainability as we execute our exploration strategy and the Company's stakeholders, including local communities and traditional owners, have [...]
HIGHLIGHTS At the Egina Gold Project, De Grey Mining has continued an aggressive exploration program at the Becher Project, with drilling at Heckmair, Irvine, Lowe and Whillans Prospects. Egina is located southwest of, and in close proximity to, De Grey's 12.7 Moz Hemi Gold Project.1 Novo's Egina tenements are considered by De Grey and Novo to be highly prospective for significant intrusion-related gold deposits and share [...]
Novo Resources Corp. is pleased to provide a video update on the Company's highly prospective Belltopper Gold Project , following the Company's recent announcement titled "Belltopper Mineralisation Modelling Defines Prospectivity" released to the ASX on 25 September 2024 . To view the video update, please follow the link to the Company's website Novo Resources1. Belltopper is located 120 km northwest of Melbourne and [...]
HIGHLIGHTS Belltopper Gold Project Exploration Target defined. Belltopper is located within the gold prolific Bendigo Tectonic Zone in Victoria and approximately 50 km SSW of the high-grade world-class Fosterville Gold Mine. The Exploration Target was defined through geological modelling of priority target reefs following completion of 2024 drilling and the release of assay results. The Exploration Target excludes [...]
HIGHLIGHTS Novo has completed a review of the antimony - gold potential across its Pilbara ground holding, in light of recent global strategic metals supply changes. Two prospects in the early stages of exploration rank highly for antimony potential, including the historic Sherlock Crossing antimony mine and the Southeast Wyloo antimony-gold stream sediment anomaly. The Sherlock Crossing antimony mine was discovered in [...]
Novo Resources Corp. is pleased to advise that the Company's Executive Co-Chairman and Acting Chief Executive Officer Mike Spreadborough will present at the Resources Rising Stars Gold Coast Investor Conference, being held on Tuesday 3rd and Wednesday 4th September 2024. Mike will provide an update on the Company's current and future exploration programs across Novo's highly prospective Pilbara and Victoria gold [...]
HIGHLIGHTS Recent RC drilling at Nunyerry North has extended the high-grade Main Lode to 500 m strike/plunge and intersected high-grade gold along the Estrid Fault. Standout intercepts from the 34 hole, 3,942m program include: 13 m at 2.68 g/t Au from 66 m, including 3 m at 10.41 g/t Au from 66 m 11 m at 2.20 g/t Au from 84 m, including 1 m at 18.06 g/t Au from 86 m 17 m at 1.85 g/t Au from 25 m, including 7 m at 3.55 g/t [...]
HIGHLIGHTS Detailed re-logging and additional sampling from 11 historical diamond holes in priority target areas at the Belltopper Gold Project , has delivered multiple new significant gold intercepts across a range of known and emerging targets. Significant new intercepts from the recent additional sampling include: 6.0 m @ 4.37 g/t Au from 169 m in DDHMA1 on the Never Despair Reef. 2.0 m @ 7.19 g/t Au from 52 m and 2.0 [...]
HIGHLIGHTS Novo Resources signs a Determination Wide Aboriginal Heritage Protection Agreement with the Nyamal Aboriginal Corporation covering 1,500 sq km of tenure in the East Pilbara. The Agreement paves the way for Novo to commence further exploration activities at the priority Bamboo and Miralga Projects. A heritage site avoidance survey has been completed to facilitate drill testing of the Bamboo gold trend, including [...]