Impact: Mildly Positive
Novo Resources has announced that the company has completed encouraging gold processing trials for its Egina gravel gold project in the Pilbara region of Western Australia. The update is a positive one as this could provide the company a low-cost dry processing option for this unique deposit. Technical work and mechanical sorting are needed to allow for proper grade control and the processing of the samples. Novo continues to add value to Egina, even though the market continues to ascribe little to no value for the project.