Novo Resources Corp.

Novo Resources Corp. is pleased to announce that it has filed its financial statements for the six-months ended July 31, 2019 and would like to highlight the following: Strong cash balance of CAD $43.3 million Working capital of CAD $39.2 million Sumitomo funding for Egina gold project of AUD $1.6 million received through July 31, 2019 Share structure as at today’s date as follows: Issued/Outstanding 178,860,048 [...]

Novo Resources Corp. is pleased to announce that the Company has completed encouraging gold processing trials at the Steinert GmbH testing facility in Cologne, Germany. Highlights: Preliminary tests of eddy current separator technology indicate promising potential to directly extract gold nuggets from gravel. ECS technology is one of several dry processing methodologies being considered by Novo for gold recovery at its [...]

Novo Resources Corp. is pleased to announce that the Kariyarra Aboriginal Corporation have completed a heritage survey over the entirety of tenement M47/560 and portions of tenement E47/2502. The Company’s planned exploration program for all priority target areas can now continue. Novo would like to thank the Kariyarra People for progressing this heritage survey and providing the Company with the knowledge required [...]

Novo Resources Corp. is pleased to announce further positive results from its Egina gold project, Western Australia. Novo has recovered significant coarse gold from bulk samples of surface gravels collected from test pits excavated next to its first exploration trench, where encouraging results were announced previously . Highlights: Metal detecting and gravity processing of 281.9 cubic meters of surface lag gravels [...]

Novo Resources Corp. is pleased to announce that its first exploration trench supports the Company’s exploration model for targeted gold-bearing terrace gravels at its Egina Gold Project, Western Australia. A total of 162 gold nuggets with a total weight of 324 grams was recovered through systematic metal detecting of Novo’s first exploratory trench . This total includes two large nuggets weighing 83.18 grams [...]

Novo Resources Corp. is pleased to provide an update of activities at its Egina Gold Project, Western Australia. Sampling and bulk sample processing are fully underway. At present, all sampling activities are being conducted in proximity to previously trenched areas in the northeastern corner of the Egina mining lease. Heritage clearances needed for working elsewhere on the mining lease have been delayed due to [...]

Novo Resources Corp. is pleased to announce that it has voluntarily filed an updated technical report prepared pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects for its Karratha gold project. The independent technical report, entitled “Novo Resources Corp. Technical Report on the Karratha Project, Australia – April 2019” , with an effective date of April 30, 2019 [...]

Novo Resources Corp. is pleased to announce that it has entered into a binding letter of intent with De Grey Mining Ltd. , an ASX-listed entity, in order to significantly broaden its exposure to the gold-bearing lag gravel deposits adjacent and believed to be synonymous with the Company’s Egina gold project. Novo has secured the right to explore De Grey’s tenements for gold-bearing lag gravel deposits for an [...]

Novo Resources Corp. is pleased to announce its participation at the John Tumazos Very Independent Research Metals Conference in Holmdel, New Jersey. Dr. Quinton Hennigh, Chairman and President of Novo, will be available to meet with investors on June 20th, 2019. In addition to one-on-one meetings, a presentation by Dr. Hennigh will take place on June 20th from 11:30am-12:00pm E.D.T. The presentation will be webcast live [...]

Novo Resources Corp. is pleased to announce that it has entered into a US $30 million farmin and joint venture agreement with Sumitomo Corporation of Tokyo, Japan, and its wholly-owned Australian subsidiary in order to advance Novo’s Egina project located approximately 80 km south-southwest of Port Hedland, WA. The Project is comprised of wholly-owned Novo tenure, including tenements acquired through the recent [...]