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. schedules annual general meeting for October 31, 2023, with business update to follow. Shareholders encouraged to attend online. Contact information provided for in-person attendance. Presentation and Q&A session to be organized after the meeting.
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Novo Resources Corp. announces resignation of Ms Amy Jo Stefonick as director and appointment of Mr Greg Jones as independent non-executive director.
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Novo Resources Corp. has commenced its maiden drill program at Nunyerry North in the Egina Gold Camp, Pilbara, Western Australia. The program will focus on investigating structurally controlled gold targets and extensive gold in soil anomalies. Novo's partner, De Grey Mining Limited, is also planning a substantial drilling program at the Becher project. Drilling activities are scheduled to commence in the fourth quarter of 2023 at other gold projects in the Pilbara and Victoria.
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Novo successfully listed on ASX, raising A$7.5 million at A$0.20 per CDI. Strong support from local institutional and sophisticated investors. Novo owns a 10,500 sq km exploration portfolio in Western Australia. Novo has a strong balance sheet with A$51.75 million in cash and marketable securities. De Grey planning ~39,000 m of drilling at Becher Project. Exploration programs to begin in September and October 2023. Novo's market capitalization is approximately A$68.4 million. Top shareholders include De Grey Mining, Heritas Capital Management, and Liatam Mining.
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Novo Resources Corp. completes IPO, raising A$7.5 million
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Novo has closed its IPO offer period ahead of schedule after receiving subscriptions totaling A$7.5 million.
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Novo Resources Corp. announces CFO resignation and new appointments
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Novo Resources Corp. (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) announces extensive drilling plans at Egina joint venture area, Nunyerry North, Balla Balla, and Bamboo-Strattons in Pilbara, and Belltopper in Victoria. De Grey Mining Ltd (ASX:DEG) will conduct ~ 39,000 m of drilling at Egina, while Novo will carry out ~ 2,000 m of drilling at Nunyerry North to test gold targets. Novo also plans reconnaissance exploration at Pilbara and Victoria projects. Argonaut PCF appointed for strategic review of Nullagine Gold Project.
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Novo Resources Corp. plans an 8,000 m drilling program for H2 2023 across key Pilbara prospects and Belltopper in Victoria. Recent investments and joint ventures highlight the exciting future of Novo's Becher project. Positive intercepts continue to be found at Becher, including high-grade gold assays. Novo is also progressing exploration programs at other prospective areas. The company is on track for an ASX dual listing in Q3 2023, which is expected to provide significant benefits.
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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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