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Novo Resources Corp. Announces Resignation of Ross Hamilton as Director

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Novo Resources Corp. (OTCQX: NSRPF) announced the resignation of Mr. Ross Hamilton as a director, effective immediately. Mr. Mike Spreadborough, Executive Co-Chairman, expressed gratitude for Mr. Hamilton's 3.5 years of service as a Non-executive Director and Chair of the Sustainability Committee. In addition, Ms. Lisa Smith has completed her term as Joint Company Secretary. She was recognized for her significant contributions, particularly in the ASX listing completed in September 2023. The announcements reflect personnel changes aimed at refining the leadership structure for future endeavors.

Positive
  • Mr. Ross Hamilton's 3.5 years of commitment to Novo Resources as Non-executive Director and Chair of the Sustainability Committee.
  • Acknowledgment of Ms. Lisa Smith's contributions, including the successful completion of the ASX listing in September 2023.
  • The departure of experienced leaders suggests a potential leadership restructuring aimed at strategic growth.
Negative
  • The resignation of Mr. Ross Hamilton might indicate potential instability or restructuring challenges within the company's leadership.
  • Ms. Lisa Smith's departure could lead to a temporary gap in the company's secretarial and administrative functions.

VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) --  Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQX: NSRPF) advises that Mr Ross Hamilton has resigned as a director of the Company.

Mr Mike Spreadborough Executive Co-Chairman shared, “On behalf of the Company’s directors, employees, and stakeholders, I would like to sincerely thank Mr Hamilton for his tireless commitment to Novo over the last 3.5 years as a Non-executive Director and Chair of the Sustainability Committee. We wish him all the best for future.”

The Company also advises that Ms Lisa Smith has completed her time as Joint Company Secretary of the Company.

Mr Mike Spreadborough Executive Co-Chairman shared, “On behalf of the Company’s directors, employees, and stakeholders, I would like to sincerely thank Ms Smith for her commitment to Novo and her significant contribution in completion of the ASX listing in September 2023. Her extensive experience has been invaluable. We wish her all the best for future.”

Authorised for release by the Board of Directors.

CONTACT

Investors:
Mike Spreadborough
+61 8 6400 6100
info@novoresources.com
North American Queries:
Leo Karabelas
+1 416 543 3120
leo@novoresources.com
Media:
Cameron Gilenko
+61 466 984 953
c.gilenko@morrowsodali.com
 

ABOUT NOVO

Novo is an Australian based gold explorer listed on the ASX and the TSX focused on discovering standalone gold projects with > 1 Moz development potential. Novo is an innovative gold explorer with a significant land package covering approximately 7,000 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia.

Novo’s vanguard Project is the Egina Gold Camp, where De Grey is farming-in at Becher and surrounding tenements through exploration expenditure of A$25 million within 4 years for a 50% interest. Significant gold mineralisation has also been identified at Nunyerry North, this area is part of the Croyden JV (Novo 70%: Creasy Group 30%).

With a dedicated and disciplined acquisition program in place to identify value accretive opportunities and via its exposure to non-core minerals and metals through joint partnerships, Novo is focused on building further value for shareholders.

Infographic

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc64e1a4-5575-4a39-9b44-f33774aa174d


FAQ

Who resigned from Novo Resources Corp. in June 2024?

Mr. Ross Hamilton resigned as a director, and Ms. Lisa Smith completed her term as Joint Company Secretary.

What was Mr. Ross Hamilton's role at Novo Resources?

Mr. Ross Hamilton served as a Non-executive Director and Chair of the Sustainability Committee for 3.5 years.

What contributions did Ms. Lisa Smith make to Novo Resources?

Ms. Lisa Smith significantly contributed to the completion of Novo Resources' ASX listing in September 2023.

What is the stock symbol for Novo Resources Corp.?

Novo Resources Corp. trades on the OTCQX under the stock symbol NSRPF.

NOVO RES CORP

OTC:NSRPF

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