Proactive - Interviews for investors

Just the Facts: Novo Resources awaits key geological and geochemical sampling results

Episode Summary

Novo Resources Corp is preparing to identify drill targets at the John Bull and Tibooburra gold projects in New South Wales following extensive geochemical sampling. The company has collected 340 soil and 63 rock chip samples over a 1.3-kilometre trend at John Bull, while 962 soil and rock chip samples were gathered across a 2.8-kilometre trend at Tibooburra’s Clone prospect. Results from the sampling are expected by mid-March 2025 and will be used to refine drill targets with high mineralisation potential. Novo has also conducted an assessment of historical data and remote geophysics at the Toolunga Project in Western Australia, identifying multiple targets for further investigation. Additionally, the company is progressing towards securing the Odette 4 Rocklea exploration application at the Cane River Project, expected to be granted in the second quarter of the 2025 financial year. Novo anticipates potential delays to drilling at its Pilbara projects due to tropical Cyclone Zelia, which could impact operations in the Karratha District, Balla Balla Gold Project and Egina JV area. The company remains focused on advancing its exploration activities and will provide updates as key milestones progress. #NovoResources #GoldExploration #MiningNews #DrillTargets #GeochemicalSampling #JohnBullProject #TibooburraGold #WesternAustralia #PilbaraMining