Welcome to our dedicated page for Novo Resources news (Ticker: NSRPF), a resource for investors and traders seeking the latest updates and insights on Novo Resources stock.
Novo Resources Corp. (NSRPF) is a gold exploration company actively pursuing high-potential targets across Western Australia and Victoria. This news hub provides investors with comprehensive updates on drilling results, joint venture developments, and strategic initiatives in Novo's exploration portfolio.
Access timely reports covering critical activities including geochemical sampling at Belltopper, partnership updates with De Grey Mining, and progress at the Egina Gold Camp. Our curated collection ensures transparent tracking of exploration milestones without production bias.
Key updates include resource delineation efforts, technical report summaries, and indigenous partnership agreements. Bookmark this page for consolidated access to Novo's evolving exploration narrative and geological insights from Australia's premier gold regions.
Novo Resources Corp. (NSRPF) has reported key activities for March Quarter 2025, highlighting significant exploration progress across its Australian gold portfolio. The company commenced a ~6,000m AC drilling program at the Balla Balla Gold Project in Western Australia, targeting zones near the Sholl Shear Zone.
Notable results from the Tibooburra Gold Project in NSW include exceptional rock chip sampling peaks of 89.6 g/t Au and 41.9 g/t Au from mullock dumps, and 31.4 g/t Au from quartz vein outcrop. A ~2,000m RC drill program is planned for late April 2025. Soil sampling defined a significant 600m long anomaly with peak results of 1,585 ppb Au.
The company maintains a strong financial position with A$10 million in cash and A$35.6 million in investments as of March 31, 2025. Novo is actively expanding its portfolio through Farm-In agreements at John Bull, Tibooburra, and Toolunga Projects, while maintaining focus on sustainable exploration practices and Traditional Owner engagement.
Novo Resources Corp. (ASX: NVO, TSX: NVO, OTCQB: NSRPF) has launched its April corporate presentation, showcasing its Australian gold exploration portfolio and growth strategy. The company's key assets include:
- The Egina Gold Camp in the Pilbara region, featuring the Becher Project where De Grey Mining is farming-in through A$25 million exploration expenditure
- Approximately 5,500 square kilometres in the Pilbara region and the 22 square kilometre Belltopper project in Victoria
- Recently acquired TechGen John Bull Gold Project and Manhattan Tibooburra Gold Project in NSW
- A lithium joint venture with SQM in the Pilbara
The company's exploration target ranges from 320koz to 570koz Au, with estimated grades between 6.6g/t to 8.4g/t Au across 1.5Mt to 2.1Mt.
Novo Resources Corp. (ASX: NVO, TSX: NVO, OTCQB: NSRPF) has announced plans to commence a ~2,000m RC drilling program at the Clone prospect within its Tibooburra Gold Project in northwestern NSW in April 2025.
Recent exploration at Clone revealed promising results including:
- Peak rock chip samples of 89.6 g/t Au and 41.9 g/t Au from mullock dumps
- High-grade outcrop samples of 31.4 g/t Au and 10.4 g/t Au over 700m strike
- Soil sampling defining a ~600m long by 250m wide anomaly >30 ppb Au
- Previous 2023 drilling highlights including 7m at 7.23 g/t Au and 9m at 6.03 g/t Au
The program targets a west-dipping thrust associated with high-grade gold mineralization and significant sericite-carbonate alteration. The Clone prospect remains underexplored with mineralization open in all directions and trending under cover sediments extending up to 15km, providing opportunities for potential 'blind discoveries'.
Novo Resources Corp (ASX: NVO, TSX: NVO, OTCQX: NSRPF) has announced a change in its shareholder registry services provider effective March 31, 2025. The company is transitioning from MUFG Pension & Market Services to Automic Pty in Sydney, Australia.
Shareholders will have access to Automic's online investor portal, which offers features including:
- Secure management of holdings
- Balance viewing capabilities
- Transaction history access
- Online shareholder detail updates
Shareholders can register for the new portal at investor.automic.com.au through a two-step process. For inquiries, shareholders can contact Automic via email or phone, with dedicated lines for both Australian and international investors.
Novo Resources Corp. (ASX: NVO, TSX: NVO, OTCQB: NSRPF) announces the commencement of a maiden aircore drill program at the Balla Balla Gold Project. The program will test target zones of structural complexity in the Sholl Shear Zone under shallow cover of approximately 25m depth.
The project, granted in November 2024 following an agreement with the Kariyarra Aboriginal , spans several prospects over a 10km trend. Key target areas include:
- Ramquarry: Testing structural complexity and fault splays
- Beaufort: Targeting rotated block of Sherlock Intrusion
- Babbage: Focusing on folded magnetic units
- Cockerell: Examining structural complexity and cross-cutting structures
The drilling program, scheduled for late March 2025, features lines at 640m spacing with 50m hole centers, oriented at 140 degrees to test NE-SW striking target structures. The Sholl Shear Zone, extending over 200km, is recognized as a kilometer-wide crustal-scale structure significant for potential gold mineralization.
Novo Resources Corp (NSRPF) has completed geological and geochemical sampling campaigns at the Tibooburra and John Bull Gold Projects in NSW, aimed at guiding Q2 2025 drill programs. At John Bull, 340 soil and 63 rock chip samples were collected over a 1.3 km trend, while at Tibooburra, 962 samples were gathered across a 2.8 km trend at Clone.
The company continues assessment of the Toolunga Project in WA's Onslow District, with 890 sq km of exploration applications at Cane River Project progressing toward grant in Q2 2025. However, Tropical Cyclone Zelia has impacted Pilbara Projects, potentially delaying drill programs in the Karratha District, Balla Balla Gold Project, and Egina JV area.
Results from the NSW sampling campaigns are expected in mid-March 2025, with planned RC drilling of approximately 2,000m at each project in Q2 2025.
Novo Resources Corp. reported key developments for Q4 2024, including three new high-prospectivity farm-in/JV deals strengthening its Australian exploration portfolio. The company secured approximately 1,520 sq km at the Toolunga Project and executed binding terms for the John Bull and Tibooburra Gold Projects.
Notable exploration results include high grades of up to 4.7% Sb and 146.7 g/t Au from rock chip sampling at Sherlock Crossing, and peak values of 1.2 g/t Au and 4.4% Cu at Miralga. De Grey Mining satisfied its A$7 million minimum expenditure commitment and committed to an additional A$18 million spend by June 2027.
The company maintains a strong financial position with A$12.1 million in cash and A$43.8 million in investments as of December 31, 2024. Novo also completed the sale of its remaining 20% Quartz Hill JV interest for A$850,000 and 38% of its San Cristobal Mining shareholding for A$11.5 million.
Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) has announced its transition from the OTCQX to the OTCQB market in the United States, effective immediately. The company will trade under the ticker symbol NSRPF on the OTCQB, a premium tier of OTC Markets Group offering increased visibility and higher compliance standards.
The company maintains its primary listings on the TSX and ASX under the symbol NVO. Executive Co-Chairman Michael Spreadborough stated this transition aligns better with their current growth stage and provides a more cost-effective platform. Novo Resources is an Australian-based gold explorer with approximately 5,500 square kilometres of land in Western Australia's Pilbara region and the 22 square kilometre Belltopper project in Victoria.
Key projects include the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project through A$25 million exploration expenditure within 4 years for a 50% interest.
Novo Resources Corp. (NSRPF) has executed binding term sheets for two high-grade gold projects in New South Wales, Australia: the John Bull Gold Project (80% interest option) and Tibooburra Gold Project (70% interest option). The John Bull project features significant historical intersections, including 160m @ 1.2 g/t Au, and a 900m long gold anomaly. The Tibooburra project covers 630 sq km with over 200 historic workings and has shown impressive drill results, including intersections of 30m at 4.03 g/t Au and 8m at 40.5 g/t Au.
Both projects align with Novo's strategy of identifying projects with >1 Moz Au potential. The company plans to conduct >2,000m drilling programs at both sites in H1 2025. Following the recent sale of San Cristobal Mining investment for A$11.5 million, Novo is well-funded for its 2025 exploration initiatives.
Novo Resources Corp has secured a strategic land position of approximately 1,520 sq km in the Onslow District of Western Australia through the Toolunga Project. The acquisition includes a binding term sheet for a 70% interest option in OD4 Rocklea's Cane River Project and direct pegging of 6 new exploration licenses.
The project area is underexplored and shows potential for precious and base metal discovery, with geochemical signatures suggesting Intrusion Related Gold, porphyry, and Iron Oxide Copper Gold deposit styles. Historical mining centers have reported significant findings, including assay results up to 3.1% Cu, 33% Pb, and 125ppm Ag at the Range No. 2 Prospect.
Located ~80 km northwest of Black Cat Syndicate's Paulsens Gold Mine, the project aligns with Novo's exploration strategy targeting >1 Moz Au potential. The company plans to conduct regional exploration campaigns upon tenure grant.
