Welcome to our dedicated page for NOVO RES news (Ticker: NSRPF), a resource for investors and traders seeking the latest updates and insights on NOVO RES stock.
NOVO RES CORP (NSRPF) is a leading mineral exploration company with a focus on gold projects. The company has achieved significant exploration success in its Nunyerry North project, with high-grade results indicating the potential for a major gold project. Novo is also involved in the Becher Project through its Egina earn-in/JV with De Grey, showing promising results. With a strong financial position, Novo is set to continue aggressive exploration across its Karratha district, aiming to deliver exciting news throughout 2024.
Novo has initiated a strategic project generation program to identify valuable opportunities in precious and base metals assets that complement its current portfolio. The company's dedication to exploration and development is evident in its ongoing drilling programs and promising results, positioning Novo as a key player in the mining industry.
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Novo Resources Corp. (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) provides an update on exploration programs at the Egina Gold Camp in Western Australia and the Belltopper Gold Project in Victoria. The company completed over 10,500 m of combined aircore and reverse circulation drilling at the Becher project, with additional work generating new priority targets for drilling in 2024. Maiden drill program at Nunyerry North project delivered positive results, while the Belltopper Gold Project in Victoria continues diamond drilling on a planned six-hole program.
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Novo Resources Corp. (Novo) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) announces a $1.8 million investment by Liatam Mining Pty Ltd to increase their shareholding to 6% and the formation of an 80%/20% Quartz Hill Joint Venture in the East Pilbara, Western Australia. The joint venture is focused on lithium-caesium-tantalum (LCT) style pegmatite mineralisation. Novo is in a strong financial position to continue its aggressive exploration focus across key gold targets in the Pilbara, Western Australia, and Victoria in 2024.
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Novo Resources Corp. (ASX: NVO) has completed the sale of its Nullagine Gold Project to Calidus Resources (ASX: CAI), receiving A$250,000 in CAI shares and a right to receive a further A$5 million in deferred consideration. The disposal is a key step in the pursuit of identifying and delivering prospective standalone gold projects with +1 Moz development potential.
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Novo Resources Corp. (NVO) has entered into a tenement sale agreement, joint venture agreement, and coordination agreement with SQM Australia Pty Ltd. The company will receive A$10 million for a 75% interest in five of Novo’s prospective lithium and nickel exploration tenements in the West Pilbara, forming the Harding Battery Metals Joint Venture, and for an option over additional Novo Pilbara exploration tenements. Novo will retain 100% of the gold, silver, PGE, copper, lead, and zinc mineral rights. The transaction further boosts Novo’s cash reserves to continue its primary gold focus on defining deposits with plus 1 Moz development potential while delivering potential upside exposure to battery metals exploration. The joint venture expands Novo’s lithium exploration exposure given the existing lithium Quartz Hill JV with Liatam Mining. SQM will pay Novo A$10 million for a 75% interest in the Priority Tenements, and for an option over additional Novo Pilbara exploration tenements, with Novo to retain 25% interest, along with 100% ownership of the gold, silver, PGE, copper, lead, and zinc mineral rights. Novo’s 25% interest will be free carried by SQM until a decision to mine is made by the HBMJV participants. Novo will also be entitled to a contingent success payment based on the lithium contained in a JORC compliant ore reserve upon completion of a feasibility study.
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Novo Resources Corp. (NVO) has released its 2023 Sustainability Report, highlighting the company's commitment to sustainability despite a shift in business strategy. The report emphasizes the importance of stakeholders, including local communities and traditional owners, in the company's success.
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Novo Resources Corp. (ASX: NVO) announces continued drilling success at the Egina Gold Camp in Western Australia, with significant gold intercepts at Nunyerry North. De Grey Mining (ASX:DEG) is also progressing its drilling program at the Becher Project, with results pending.
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Novo Resources Corp. (NVO) announces the commencement of a ~2,300 m diamond drilling program at the Belltopper gold project in Victoria. The program aims to test high-grade, epizonal, 'Fosterville-style' mineralisation within key regional anticlines, including the Leven Star reef, where previous drilling returned significant gold grades. The drilling is anticipated to take three months, with assays to be reported through H1, 2024. The program follows an in-depth review of recent and previous exploration activities and historic mining and exploration data, with high-priority targets generated at Belltopper.
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Novo Resources Corp. reports that all resolutions proposed at the annual general meeting of shareholders passed, including the election of all director nominees. Voting results show high levels of support for each nominee.
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Novo Resources Corp. announces details of its upcoming annual general meeting (AGM) and management presentation. The AGM will be held on October 31, 2023, at 6:00 p.m. PDT, followed by the management presentation. Shareholders can participate electronically and CDI holders in Australia can attend in person. The management presentation will be accessible to the public via a live presentation link.
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Novo Resources Corp. provides an update on the earn-in agreement with Liatam Mining Pty Ltd for battery mineral rights at the Quartz Hill project.
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FAQ
What is the current stock price of NOVO RES (NSRPF)?
The current stock price of NOVO RES (NSRPF) is $0.0595 as of December 20, 2024.
What is the market cap of NOVO RES (NSRPF)?
The market cap of NOVO RES (NSRPF) is approximately 20.2M.
What is NOVO RES CORP (NSRPF) known for?
NOVO RES CORP is a mineral exploration company specializing in gold projects, with a focus on achieving exploration success and delivering value to its shareholders.
What are some recent achievements of NOVO RES CORP?
NOVO RES CORP has made significant strides in its exploration efforts, particularly at its Nunyerry North project, where high-grade results indicate the potential for a major gold project. The company also has promising results from the Becher Project through its Egina earn-in/JV with De Grey.
What is NOVO RES CORP's financial position?
NOVO RES CORP is in a very strong financial position to continue its aggressive exploration push. The company's experienced geological team has identified exciting targets, and Novo is set to commence drilling in the coming months, delivering a strong pipeline of news for the remainder of 2024.
What strategic program has NOVO RES CORP initiated?
NOVO RES CORP has commenced a strategic project generation and consolidation program to focus on identifying value accretive opportunities across targeted precious and base metals assets that complement the current portfolio.
What is NOVO RES CORP's involvement in the Becher Project?
NOVO RES CORP is involved in the Becher Project through its Egina earn-in/JV with De Grey. The company has completed over 10,500 m of combined aircore and reverse circulation drilling, with excellent results from the Lowe and Heckmair prospects.
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