Novo Resources Corp.

New basin-wide exploration strategy implemented in the Mosquito Creek Basin proving successful in identifying high priority targets New targets identified at Finucane over two parallel zones of gold and pathfinder anomalism in soil sampling, extending the prospective Middle Creek Fault further east. Each zone trends some five kilometres, with gold assays reporting up to 907 ppb Surface rock sampling at Sayshell reported [...]

Novo Resources Corp. is pleased to announce that it has received approval from the Australian Foreign Investment Review Board to undertake second and final completion with respect to its previously announced binding term sheet1 with Mark Creasy and entities controlled by him . The Company has issued 8,431 common shares to the Creasy Group , which are subject to a statutory hold period expiring on May 20, 2023, in exchange [...]

Novo Resources Corp. is pleased to advise of the withdrawal of a recently filed appeal of the Western Australian Environmental Protection Authority's decision to not assess the Company's proposed Phase Two Fresh operations1 at the Beatons Creek project. The proposal to mine Beatons Creek Fresh material will now be assessed and managed by the Western Australian Department of Mines, Industry Regulation and Safety in [...]

HIGHLIGHTS Closing of C$5 million strategic investment in Novo from Liatam Mining Pty, Australian-based manager of the Bald Hill lithium and tantalum mine in Western Australia, via the issuance of 12,820,512 units of Novo at C$0.39 per unit, representing an undiluted 4.9% post-Financing position in Novo Each Unit consists of one common share of Novo and one-quarter of one common share purchase warrant . Each whole Warrant [...]

Dear Shareholder, We understand that the GDXJ VanEck Junior Gold Miners ETF rebalanced its index holdings and liquidated its full position in Novo Resources Corp. on Friday December 16, 2022. GDXJ held approximately 9.6 million shares or 3.8% of Novo's total issued and outstanding shares. Consolidated trading volume in Novo shares on Friday across the TSX and OTCQX totalled approximately 16.3 million shares, or 6.5% of [...]

Novo Resources Corp. is pleased to announce that it has filed a technical report prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects related to its recent news release1 for its Beatons Creek gold project, Western Australia. The technical report, entitled "NI 43-101: Mineral Resource Update, Beatons Creek Gold Project, Nullagine, Western Australia" , with an effective date of June [...]

HIGHLIGHTS Liatam Mining Pty Ltd, Australian-based manager of the Bald Hill lithium and tantalum mine in Western Australia, will make a strategic investment of C$5 million in Novo through the purchase of 12,820,512 units of Novo at C$0.39 per unit, representing an undiluted 4.9% post-Financing position in Novo The Unit price represents a 26% premium to Novo's closing price on December 14, 2022 and Novo's 30-day trailing [...]

HIGHLIGHTS Diamond drilling at NRV06 successfully intersected zones over several metres of disseminated to stringer style Ni and Cu sulphide in the Andover Intrusion, with spot assaying using a pXRF of up to 0.95% Ni and 0.25% Cu. Drilling at the Morto Lago target delivered key intercepts of: 3 m @ 3.35 g/t Au from 9 m in KC329; 4 m @ 6.74 g/t Au from 8 m in KC365; and 5 m @ 1.73 g/t Au from 15 m including 2 m @ 4.06 g/t [...]

Novo Resources Corp. - Dear Shareholders, 2022 has certainly been a challenging year for Novo. A booming Western Australian mining industry and, to a certain extent, ongoing impacts of COVID-19 continued to impact the Company, with supply chain issues resulting in sharply elevated costs. Most notably, we had to make the difficult decision to transition operations at the Nullagine gold project to care and maintenance while [...]

Reverse circulation drilling has commenced in the Becher Area, with two rigs now testing prospects within 216 sq km of highly prospective, under-explored Mallina Basin geology on the Egina Project along trend from De Grey Mining Ltd.'s Hemi Gold Deposit. Standout gold results received from aircore drilling at the Irvine prospect, including 4 m @ 4.02 g/t Au from 8 m, with numerous intercepts > 0.1 g/t gold. A broad 100 m [...]