RC

Novo Resources Corp.

Novo’s focus is to explore and develop gold projects in the Pilbara region of Westner Australia. Novo has amassed a significant land package covering approximately 12,000 km2. The Company’s present focus is its Karratha gold project which is comprised of a number of joint venture arrangements and wholly-owned tenure. The Company also owns the Beatons Creek gold project near Nullagine, Western Australia, and holds a 70% interest in a number of tenements in the Marble Bar region of Western Australia. The Company has an experienced management team in place, which has extensive expertise in identifying properties that have the best potential to recommence and expand profitable mining from known and newly discovered mineral prospects.

Novo Resources Corp. (TSXV:NVO) – Finding Low Cost Processing Options for Egina

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.

Read More »

Precious Metals Update – Ready, Set, GOLD!

If it looks like a bull market (technical breakout in gold), smells like a bull market (significant negative yielding debt) and feels like a bull market (funds flowing into gold), it must be a bull market. Our analysis shows that equities in smaller sized companies outperform during a bull market. However, not all junior miners are created equal, and we believe there are three keys to picking them.

Read More »

Novo Resources Corp. (TSXV:NVO) – Ore Grades at Egina

Impact: Mildly Positive

Novo has announced results from four bulk samples on its Egina project with ore grade results from three of four samples. With a recently announced US$30M farm-in with Sumitomo Corp, Novo is well positioned with the technical knowledge and financial support to develop Egina. We expect the market could price in the potential at Egina with successful bulk sampling.

Read More »

Novo Resources Corp. (TSXV:NVO) – Egina Yields Nuggety Gold

Impact: Mildly Positive

Novo has announced results from its first trench at the Egina project which turned out numerous large gold nuggets. With a recently announced US$30M farm-in with Sumitomo Corp, Novo is well positioned with the technical knowledge and financial support to develop Egina in to an economic deposit. We expect the market could price in the potential at Egina with successful bulk sampling.

Read More »

Novo Resources Corp. (TSXV:NVO) – JV Moves Egina Ahead

Impact: Positive

Novo has announced a joint venture agreement and US$30M farm-in with Sumitomo Corporation at its Egina project. The update is a positive endorsement and provides technical and financial resources to materially move the project ahead. We expect important catalysts are coming as the company completes systematic bulk sampling at Egina.

Read More »

Novo Resources Corp (TSXV:NVO) – Mineralization Report Moves Karratha Ahead

Impact: Mildly Positive

Novo has announced the completion of a mineralization report which is a key catalyst to move the Karratha Gold project towards pseudo production through a large-scale (~100k tonne) bulk sample. In 2019 Novo is focused on advancing multiple projects, all of which we expect to provide positive catalysts for Novo and the other Pilbara players.

Read More »

Novo Resources Corp (TSXV:NVO) – Beatons Creek and Karratha Moving Ahead

Impact: Mildly Positive

Novo has announced the receipt of mining leases and approvals for its Beatons Creek project which significantly de-risk the project. The Company is now evaluating development options. We continue to believe that as the company advances multiple projects in 2019, Beatons Creek, Karratha and Egina, it should re-rate towards our fair value range of C$2.70-5.10/sh.

Read More »

Novo Resources Corp (TSXV:NVO) – Bigger and Better at Beatons Creek

Impact: Mildly Positive

Novo has announced an increased resource for its Beatons Creek project in Western Australia which we believe is of sufficient scale to stand alone. We now believe Beatons Creek is worth C$1.40-1.70/sh (was C$1.10-1.40/sh). With an increased resource at Beatons Creek, which underpins our current valuation, the market has yet to fully price in the upside of Karratha, Egina and wider Pilbara projects.

Read More »

Novo Resources Corp. (TSXV:NVO) – Beatons Creek Resource Getting Ready to Grow

Impact: Positive

Novo has announced a positive update from Beatons Creek, which includes initial bulk sampling results and wireframe modelling. Average bulk sample grades are in line with resource grades and updated wireframe model points to a substantial increase in the mineralized footprint of the deposit. Both updates contribute to additional upside we see at Beatons Creek beyond the C$1.10- 1.40/sh of our preliminary model, which underpin the company’s current value.

Read More »