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Novo Resources – Exploration Update; Belltopper, Nunyerry North, Quartz Hill Lithium JV, De Grey JV

Cory
June 12, 2024

Mike Spreadborough, Executive Co-Chairman of Novo Resources (TSX: NVO – OTCQX: NSRPF – ASX:NVO) joins me for a broad exploration update across a number of projects in Australia.

 

We begin with the Belltopper Project in Victoria, where the recent approximately 2,500meter diamond drilling results have found new gold reefs. See Figure 2 from the June 4th news release posted below. This is followed by an overview of the ongoing 4,000meter drill program at Nunnery North, building on last year’s Phase 1 program. 

 

We then move to discuss the developments in lithium exploration at the Quartz Hill Joint Venture with Liatam, including an upcoming 9,000-meter RC drilling program. 

 

An update on the Becher Project Joint Venture with De Grey Mining is also provided, highlighting the continuation of drilling activities. 

 

If you have any follow up questions for Mike please email me at Fleck@kereport.com

 

Click here to visit the Novo Resources website to learn more about all the projects and exploration programs. 

 

 

 

Discussion
1 Comment
    Jun 13, 2024 13:38 PM

    Look at that stock chart! That’s some serious capital destruction.