Novo Resources Corp

Novo Resources Announces Successful Sale of San Cristobal Mining Stake Novo Resources 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). Key highlights: • The sale implies an estimated value of A$19 million (C$17 million) for Novo’s remaining shareholding in San Cristobal. • The receipt of funds from the San Cristobal Share Sale will support Novo’s current exploration programs across Western Australia and Victoria and Novo’s focus on identifying additional exploration opportunities As of December 4, 2024, Novo’s cash balance stands at A$16.7 million (C$15.3 million), positioning the company for future success. Read the full release: https://bit.ly/3OIA4aQ #NovoResources #SanCristobalMining #Exploration #Mining #Investing #ShareholderValue #MiningNews #Finance #WesternAustralia #Victoria

   Congratulations to De Grey Mining Ltd We are thrilled to celebrate De Grey Mining’s (ASX:DEG), our Egina JV partner,  remarkable achievement on being acquired by Northern Star Resources Limited (ASX: NST), Australia's largest gold producer, for approximately $5 billion! This highlights the incredible value and potential of De Grey's assets and the potential for exploration success in the Pilbara.   De Grey is our Egina JV partner on the Becher project adjacent to De Grey’s Hemi Gold Project tenements. De Grey has satisfied its initial A$7 million minimum expenditure commitment and De Grey has the right to earn a 50% joint venture interest in the Egina tenements by spending a further A$18 million by June 2027.   De Grey Mining has continued an aggressive exploration program at the Becher Project, with drilling at Heckmair, Irvine, Lowe and Whillans Prospects. 1. Novo’s Egina tenements are considered by De Grey and Novo to be highly prospective for significant intrusion-related gold deposits and share similar attributes to the Hemi deposit. 2. In addition to Novo’s approx. 60,000 m AC and RC drilling completed in 2023, De Grey has completed 34,180 m of AC drilling and 9,129 m of RC drilling to date across the four main prospects. 3. De Grey now has the right to earn a 50% joint venture interest in the Egina tenements by spending an additional A$18 million through to June 30, 2027. 4. The combined Egina Gold Project and De Grey’s tenure forms a strategically significant land position in the Mallina Basin covering approximately 2,500 sq km. #DeGreyMining #NorthernStarResources #GoldMining #MiningIndustry #Gold

Join us Thursday, December 5th, at 6:23 PM AWST for the Stocks to Watch 2025 Investor Briefing. Novo’s Executive Co-Chairman, Mike Spreadborough, will share the latest updates on our promising projects in Western Australia and Victoria. Register now: https://bit.ly/3ZrrEeb #NVO #Gold #Mining #Exploration #PreciousMetals

[NEWS] Novo Sells Remaining Interest in Quartz Hill Joint Venture 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. Read the full release: https://bit.ly/40PJnNE #NVO #BatteryMetals #Lithium 

🌟 Exciting Opportunity for Investors! 🌟 Join us at this year's IMARC Conference! We’re thrilled to invite all investors to visit our booth (M054) and connect with our dedicated management team. This is a fantastic opportunity to learn more about our exploration projects in the Pilbara region of Western Australia and Victoria. Don’t miss out on engaging conversations and insights! We can’t wait to see you there! 🙌 #MeetTheTeam #IMARC2024 #InvestmentOpportunity #Gold #Mining

Join Novo this week at Mines and Money Sydney, held at the International Convention Centre! Don’t miss Novo Resources’ Executive Co-Chairman, Mike Spreadborough, presenting at the (International Mining and Resources Conference (IMARC) on Thursday, October 31, at 12:50 PM. Learn more about the conference: https://bit.ly/4hqvpb0 #NVO #Gold #Mining #Exploration #Pilbara

[NEWS] Novo Resources Provides Quarterly Report • Significant Q3 2024 exploration results received from drilling programs at Novo Resource’s priority targets across the Pilbara (Western Australia) and Belltopper Project (Victoria). • Drilling at Nunyerry North completed in July with 34 RC holes for 3,942m. The program tested multiple new targets along strike of known mineralisation and down plunge of existing intercepts extending the high-grade Main Lode to 500 m strike/plunge and intersected highgrade gold along the Estrid Fault. • At the Egina Gold Project, De Grey Mining (ASX: DEG) continued an aggressive exploration program at the Becher Project, with drilling at four main prospects, being the Heckmair, Irvine, Lowe and Whillans Prospects. Egina is located near De Grey’s 12.7 Moz Hemi Gold Project Read the full release: https://bit.ly/3YC4jWX #NVO #Gold #Mining #Exploration #Pilbara

Mike Spreadborough, Executive Co-Chairman of Novo Resources, provides the latest update on our joint venture with De Grey Mining at the Egina Gold Project in Western Australia. De Grey has met the $7M minimum spend and is on track for a 50/50 JV equity, with significant drilling already underway at four key prospects. Listen to the full interview here: https://bit.ly/3NsqXKR #NVO #Gold #Mining #Exploration #MiningNews #PreciousMetals #DeGreyMining

JV Article via The Northern Miner: Novo Resources’ work shows more gold to be had at Belltopper Novo defined an exploration target of up to 2.1 million tonnes of ore grading between 6.6 and 8.4 grams gold per tonne for between 320,000 and 570,000 oz. Read the full article to learn more 📰 https://bit.ly/3YrpL0O #NVO #Gold #Mining #Exploration #MiningNews #PreciousMetals

[NEWS] Novo Resources Announces 2024 Sustainability Report “Over the past twelve months we have been busy. Novo transitioned from an operator to a gold explorer, with the divestment of the Nullagine Gold Project (NGP), completion of multiple JV’s and Novo’s listing on the ASX. As we reflect on changes within the Company, we continue to ensure our activities are aligned with our values, and commitment to sustainability.“ - Novo Executive Co-Chairman and Acting CEO Mike Spreadborough The report is available on the Company’s website - https://bit.ly/4eKWioe #NVO #Gold #Mining #Exploration #Sustainability