NOVO RESOURCES CORP NSRPF overview

HIGHLIGHTS Geological and geochemical sampling campaigns designed to guide effective targeting for drill programs in Q2 2025 have been completed at the Tibooburra and John Bull Gold Projects in NSW. Mapping and sampling at both projects will allow for delineation of priority drill targets. Results are pending. At the John Bull Gold Project , 340 soil and 63 rock chip samples have been collected for assay over the 1.3 km trend of the historic high tenor soil anomaly. At the Tibooburra Gold...

VANCOUVER, British Columbia and PERTH, Australia, Feb. 05, 2025 (GLOBE NEWSWIRE) -- HIGHLIGHTS – FOURTH QUARTER Three new high prospectivity farm-in/JV deals in December 2024, strengthening Novo’s high-quality, Australian based exploration portfolio. Onslow District Western Australia 1 Significant new ground position of approximately 1,520 sq km secured at the Toolunga Project in the Onslow District of Western Australia. Option to acquire a 70% interest in the Cane River Project. Direct...

VANCOUVER, British Columbia, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Novo Resources Corp. (TSX: NVO) (ASX: NVO) (OTCQB: NSRPF) announces that it has transitioned its trading platform from the OTCQX to the OTCQB market in the United States. Effective immediately, Novo Resources will now trade on the OTCQB under the ticker symbol NSRPF. This transition reflects the company's evolving strategic priorities while continuing to provide an opportunity for increased engagement with the U.S. investment...

HIGHLIGHTS Novo has strengthened its high-quality, Australian based exploration portfolio by executing binding term sheets relating to TechGen Metals Limited’s (ASX: TG1) (TechGen) John Bull Gold Project in the New England Orogen of NSW, and Manhattan Corporation Limited’s (ASX: MHC) (Manhattan) Tibooburra Gold Project in the Albert Goldfields in northwestern NSW. Both projects demonstrate prospectivity for significant discovery and resource definition and align with Novo’s strategy of...

HIGHLIGHTS Novo strengthens its high-quality, Australian based exploration portfolio by securing a significant new ground position of approximately 1,520 sq km at the Toolunga Project in the Onslow District of Western Australia via: A binding term sheet granting Novo an option to acquire a 70% interest in OD4 Rocklea Pty Ltd’s Cane River Project . Direct pegging by Novo of 6 new exploration licenses (100% Novo). The Toolunga Project is underexplored with prospectivity for precious and base...

HIGHLIGHTS Recent grant of tenure at Balla Balla coupled with completed heritage surveys and regulatory approvals, will allow Novo to complete advanced exploration activities including aircore (AC) drilling in H1 2025. Targeted follow-up rock chip sampling of the Sherlock Crossing historic antimony (Sb) mine yielded grades of up to 4.7% Sb and 146.7 g/t Au . Rock chip sampling at Miralga , which is prospective for porphyry-related Cu-Au, yielded peak values of 1.2 g/t Au and 4.4% Cu from intense...

HIGHLIGHTS Novo has sold 38% of its shareholding in privately-owned San Cristobal Mining ( San Cristobal ) for gross proceeds of A$11.5 million (C$10.5 million). The San Cristobal Share Sale exceeds the current internal fair value per San Cristobal share on Novo’s balance sheet as of September 30, 2024. The San Cristobal Share Sale implies that Novo’s remaining shareholdings in San Cristobal would have an estimated value A$19 million (C$17 million). The funds received from the San Cristobal...

HIGHLIGHT Austroid Australia Pty Ltd (a related entity of Liatam Mining Pty Ltd) has acquired the remaining 20% of the Quartz Hill Joint Venture and Novo’s 100% interest in Gold and Silver rights in the Quartz Hill Joint Venture for A$850,000 (CAD $774,000) cash. Commenting on this transaction, Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer, said: “Novo would like to thank the Liatam group for the work they have done on the joint venture and their ongoing...