News Articles for Novo Resources

Novo Resources has nailed strong gold and antimony results from exploration programs across the company's projects about a sling-shot from Northern Star Resources' world-beating Hemi gold operation in the Pilbara region of WA. The company's rock-chip sampling program at its Teichman area returned eye-opening gold grades of 77.5 grams per tonne and 51.4g/t. An impressive total of 11 samples returned greater than 10g/t gold.

Novo Resources has jagged numerous high-grade gold rock chips at its Tibooburra project in northwest New South Wales, grading up to a punchy 39.9g/t at its Pioneer North prospect. The company says a string of double-digit gold assays have lit up its undrilled Pioneer prospects, highlighting numerous targets for maiden drilling.

Novo Resources has launched RC drilling at its Sherlock Crossing gold project in the Pilbara to test high-grade gold-antimony veins, alongside preparations to drill Wyloo's prior strong polymetallic results. Fieldwork and drill planning to test high-grade gold at Tibooburra and John Bull in NSW have also advanced. With JV partner Northern Star kicking off air core drilling at Egina, Novo's diversified portfolio is aiming for significant discoveries in Australia's premier mining regions.

Novo Resources has delivered a suite of high-grade gold results from its maiden reverse circulation drilling program at its Tibooburra gold project in northwestern New South Wales. The company revealed standout intercepts, including an impressive 12m running 5.9 grams per tonne gold from just 16m in its first hole, followed by a thicker 17m grading 2.4g/t gold from 59m along strike.

Novo Resources has given its high-grade Pilbara gold and gold-antimony prospects a solid nudge, including at Sherlock Crossing, where it defined a 1.5km-long soil antimony anomaly with coincident gold. The better than 15ppm anomaly, which peaked at 48.3ppm antimony, was identified in extended sampling south of Novo's initial grid around the historic Clarke Mine, with peak gold of 85 parts per billion.

Novo Resources' recent field exploration activity at its farm-in John Bull gold project in NSW has provided a host of new exploration targets, which the company plans to drill in June. Novo has also extended its known 100ppb soil gold anomaly to more than 1.5km of strike with a peak result of 1.59g/t gold, while sampling of quartz veins has nailed grades of 67.9g/t and 29g/t gold.

Novo Resources will launch a 2000m reverse circulation drilling program this month at Tibooburra in northwestern NSW to test high grade gold results from soil and rock chip geochemistry and other exploration. Recent surface sampling at the Clone prospect produced results of 89.6g/t and 41.9g/t gold in mullock around old workings and 31.4g/t and 10.4g/t gold from quartz vein outcrop along a 700m strike.

Novo Resources is set to kick off a maiden air core drilling program before month's end to test a promising part of the Sholl Shear in its Balla Balla gold project in WA's West Pilbara region. The program will target structurally complex zones in and near the shear. The ancient fertile structure is one of four main fault and shear zones that make the region ripe for exploration.

Novo Resources is pushing ahead on multiple exploration fronts across Australia ahead of drilling at its John Bull and Tibooburra gold projects in NSW, while ex-tropical cyclone Zelia throws a temporary spanner in the works with flooding at its Karratha and Balla Balla gold projects in WA. Drilling across all projects is slated for next quarter as the gold price continues to push all-time highs.

Novo Resources has options to buy two exceptionally high-grade, drill-ready gold projects in New South Wales, including the John Bull prospect that has walk-up drilling targets in an area with seven historical shafts including one sunk in the mid-1880s. Novo said the acquisitions align with its strategy of identifying standalone projects that could host at least one million ounces of gold.

Novo Resources has picked up a new gold and base metals exploration play in WA's Pilbara region by locking up a 1520-square-kilometre land package near Onslow that is littered with evidence of historical mining. The two-part move involves pegging six new tenements together with securing an option on a 70 per cent interest in the nearby Cane River project held by a private company.

Novo Resources is set to ramp up activities across its next set of key projects in the Pilbara in 2025, including a maiden antimony and gold drill campaign at two projects showing good early geological signs. The company is set to drill test the ground around an historic antimony and gold mine in WA's Pilbara region that was mined at uber-high grades between 1907 and 1916.

Novo Resources surged 60% to touch 14.5c in intraday trading after the market got a good look at the value of its shareholding in unlisted Canadian miner San Cristobal. Novo offloaded 38% of its holding in San Cristobal for $11.5m, valuing the remainder of its shareholding in the private company at $19m. Novo now has $16.7m in the bank.

Novo Resources has bolstered its bank balance with the sale of its remaining 20 per cent interest in the Quartz Hill joint-venture project, along with the company's gold and silver rights, for $850,000. Novo is now laser-focused on developing its prospective gold and base metal projects in Western Australia's Pilbara region.

De Grey Mining has achieved a key milestone in efforts to enhance its footprint close to the flagship Hemi gold project in the Pilbara.

De Grey Mining has invested $7 million to achieve its minimum first-stage spend at Novo Resources' Egina gold project in Western Australia's Pilbara region, with a further $18 million to be tipped in to create a joint venture operation. The earn-in is part of a required $25 million cash plunge within four years to create the 50:50 equal share at the site.

Novo Resources has unveiled the conceptual exploration target for its Belltopper gold project in Victoria of between 1.4 and 2.1 million tonnes containing between 320,000 and 570,000 ounces of gold. Belltopper lies in the highly-prospective Bendigo Tectonic Zone, about 52km south along strike from Bendigo and 15km south-east of Castlemaine – areas that have produced about 22.4 and 5.6 million ounces of gold, respectively.

Antimony is the latest critical metal to send the hearts of ASX punters aflutter, but with new "must-have" metals constantly emerging, investors may be feeling just a little confused by the ever-changing landscape. Bulls N' Bears takes a look into the rise and rise of the metal also sometimes referred to as stibnite and the companies jumping on the increasingly raucous bandwagon.

Novo Resources has joined the global hunt for antimony across its grounds in Western Australia's Pilbara region on the back of widespread growing interest in the metal after China's recent decision to implement export bans has reshaped the global supply chain. The company says it has identified two early-stage exploration sites – Sherlock Crossing and Southeast Wyloo – that are showing promising prospects.

As part of an extensive exploration program at the Egina Gold Camp, Novo Resources and billionaire “prospector” Mark Creasy have stretched the strike extent at the joint-ventured Nunyerry North gold prospect in WA's Pilbara region to 500m after some solid drill hits, including 13m at 2.68g/t from 66m, 11m at 2.20g/t from 84m and 17m at 1.85g/t from 25m.

Novo Resources has produced a suite of high-grade gold assays after an intensive reassessment of core from past drilling at its Belltopper project in Victoria – just 50km south of Agnico Eagle's world-class Fosterville mine. The company says its re-assaying of 11 historic diamond drillholes has confirmed multiple mineralised intercepts across several priority target corridor zones prospective for gold and other “in-demand” minerals.

Novo Resources has opened the gates to further exploration activities at its priority Bamboo and Miralga projects in Western Australia's East Pilbara region after securing a key Aboriginal heritage agreement. The agreement with traditional landowners will facilitate the company's exploration activities across some 1500 square kilometres of its East Pilbara titles and will include non-ground-disturbing surface work such as mapping and geochemistry.

In tough recent times for many junior mining companies on the ASX, luring a financially-powerful “big dog” onto the share register to provide some much-needed muscle has become a common boardroom pursuit. Bulls N' Bears takes look at some of those companies which have received both a timely cash injection and a share price boost up to recent highs.

Novo Resources and its respective joint venture partners De Grey Mining and industry veteran Mark Creasy are firing up the rigs with multiple gold and base metal drilling programs in Western Australia's Pilbara region. The partnerships will be plunging a combined 32,000m of drilling into the respective Becher and Nunyerry North targets in a bid to make another compelling Pilbara discovery.

Novo Resources has jagged some solid gold numbers from a six-hole, 2529m diamond drilling program at its Belltopper project in Victoria, with a highlight hit of 2m going 15.18 grams per tonne gold from 185m. The intersection flagged a previously undiscovered gold-bearing reef, while 430m further south, a second hole shows 4.25m going 5.88g/t gold from 274.75m with 2m running 11.15g/t from 277m.

Liatam Mining has today confirmed it will spend $6 million in a new hunt for lithium at the Quartz Hill joint venture project it shares with Novo Resources in WA's Pilbara region. Exploration to date has extended the known hard rock lithium mineralisation at the JV's Lepidolite Fields prospect, with sampling results reading as high as 2.71 per cent lithium oxide and 828ppm caesium oxide.

Novo Resources will kick off 4km of RC drilling next week to follow up on high-grade gold hits reaching up to 6m at 6.12g/t at its Nunyerry North prospect, about 150km south-west of Port Hedland in Western Australia. Results from the company's maiden drill program turned heads, with other intercepts running as high as 11m at 2.52g/t from 22m including a 6m chunk at 4.19g/t.

Novo Resources has boosted its recent gold drilling results by re-assaying larger sample sizes from its WA Nunyerry North project, using modern high-tech multi-pot photon-assays, due to the nature of its coarse-gold. The improved results highlight several significant intersections, including 6m at more than 6 grams per tonne at the project it has in joint-venture with the Creasy Group.

Our board moves wrap includes David Southam, Kevin Tomlinson, Jardee Kininmonth, Sam Rodda, Craig Williams, Karen O'Neill, and Michael Barrett.

ASX-listed Novo Resources has announced sweeping changes at leadership level

Novo Resources' earn-in partner De Grey Mining has recorded significant gold hits from an ongoing air-core and reverse-circulation drill campaign at their shared Becher gold project in WA's Pilbara region. De Grey has completed 10,500m of a 39,000m drill program at the operation, with initial assays returning positive results including an 8m intercept at 4.74g/t gold from 96m at the Lowe target.

Minerals exploration and development company GreenTech Metals has suddenly found itself next to a new power-play among lithium giants right next door to its own developing West Pilbara lithium project in Western Australia. Significant corporate activity is targeting the region, including global lithium giant SQM's joint venture (JV) with Novo Resources and separately, SQM and Hancock Prospecting's $1.7 billion bid for Azure Minerals.

This week's Bulls N' Bears profiled ASX runner is … MTM Critical Metals. Its shares tripled this week to join fellow movers and shakers Culpeo Minerals, Novo Resources and Millennium Services Group.

Novo Resources has committed to stepping up its hunt for gold in 2024 within several priority targets at its Egina Gold Camp and Balla Balla project that both sit in Western Australia's Pilbara region. The company is awaiting assays from more than 10,500m of drilling at its Becher project and says it gleaned positive shallow results in a maiden RC program at Nunyerry North.

Novo Resources is closing out its year with a flurry, revealing it has formed a new joint venture partnership with private company Liatam Mining for its Quartz Hill project in Western Australia's East Pilbara region. Subject to TSX approval, Liatam has also agreed to invest $1.8 million for 9 million Novo shares at 20c each to increase its shareholding to about 6 per cent.

Global lithium major SQM has moved on more lithium assets in Western Australia after striking a $10 million deal to acquire a stake in Novo Resources' Pilbara tenements.

Novo Resources will join forces with SQM Australia after the latter agreed to pay $10 million for a 75 per cent interest in five of the former's lithium-nickel tenements in Western Australia's West Pilbara region. The two companies will create the “Harding Battery Metals” joint venture, with the deal also including an option over additional tenements held by Novo in the Pilbara.

First-pass reverse-circulation drilling by Novo Resources at its Nunyerry North deposit in Western Australia's Pilbara region – near De Grey Mining's 11.5-million-ounce Hemi gold play – has turned-up drill hits of up to 7.42 grams per tonne gold. The company says results from the program included intersections of 11m at 1.98g/t gold and 4m at 4.15g/t, with follow-up testing plans already in place.

Novo Resources has set its sights on its “highest-priority” targets as it prepares to launch a diamond drill campaign targeting high-grade gold at its Belltopper project within central Victoria's historically-prolific Bendigo Tectonic Zone. The company has identified several new structural corridors and high-tenor IP chargeability anomalies to define six drill targets for a 2300m diamond drill campaign.

Buoyed by encouraging early results from a maiden drill campaign at its Nunyerry North gold project in Western Australia's Pilbara region, Novo Resources has expanded the program by another four holes. The company has received results from the first six reverse-circulation drill holes with highlights showing a 13m hit at 1.18 grams per tonne gold from surface and 7m going 1.12g/t gold from 38m.