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Novo Resources has transitioned its auditor from Ernst & Young to Deloitte Touche and Tohmatsu, effective May 6, 2024. This change was requested by the company and approved by its Audit, Risk and Corporate Governance Committee and Board of Directors. There were no modifications of opinion in Ernst & Young's reports for the fiscal years 2022 and 2023, nor were there any reportable events between Novo and Ernst & Young. The required documentation has been filed on SEDAR+.
Novo Resources Corp. delivers significant exploration results across its Western Australian gold portfolio, including upgraded drill intercepts from the Nunyerry North project and positive results from the Becher project. The company is financially strong with no debt, holding a cash balance of A$16.7 million (C$14.7 million) and investments of A$47.7 million (C$42.1 million) as of 31 March 2024.
Novo Resources Corp. (ASX: NVO) announces a follow-up drilling program at Nunyerry North and defines new targets near Karratha. The program aims to test multiple targets for gold mineralization. The company plans a maiden RC drilling program at Karratha District to explore gold and gold-copper targets in early Q3 2024. De Grey Mining, the Earn-in/JV partner, is set to start exploration programs in Q2 2024.