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NVO - Novo Resources Corp.

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Novo Resources Corp. is a company incorporated in British Columbia and listed on the TSX and OTCQX.

It is a gold explorer with a significant portfolio of tenements in the Pilbara region of Western Australia (covering approximately 10,500 square km), including the Company’s flagship Becher gold project located within the Egina Gold Camp project, and in the Bendigo region of Victoria.

Novo was incorporated on 28 October 2009 and changed its name to Novo Resources Corp. on 27 June 2011. It is engaged primarily in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold.

Novo commenced acquiring interests in tenements in the Pilbara region of Western Australia in early 2011 and expanded to tenements in the Bendigo region of Victoria in 2020.

Novo has completed a systematic assessment across their large Pilbara landholding in Western Australia to identify the most prospective exploration opportunities, with a key focus on the Egina Gold Camp (Egina). The Company's early-stage reconnaissance work at Egina successfully identified the Becher project as highly prospective and a high priority and aircore drilling commenced in late 2022 and continued into 2023. Becher is located only 28 km from De Grey Mining’s (ASX: DEG) Hemi deposit which forms part of De Grey’s 11.7 Moz Mallina Gold Project.

It is anticipated that NVO will list on the ASX during September 2023.

 
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Listing date14 September 2023 #
Company contact detailshttps://www.novoresources.com
Ph: +61 8 6117 9400
Principal ActivitiesNovo is a Canadian incorporated company listed on the TSX and OTCQX. The Company is an innovative gold explorer.
Issue PriceAUD 0.20
Issue TypeChess Depository Interests
Security codeNVO
Capital to be Raised$7,500,000
Expected offer close date01 September 2023
UnderwriterNot underwritten. Argonaut PCF Limited (Lead Manager)
 
A nice move up this morning after an announcement.


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