Novo Resources
Novo Resources is a mining company with extensive land holdings in Western Australia and Victoria, Australia, focusing on gold and lithium exploration and ethical procurement practices.
Land Package Holdings
Novo Resources holds a significant land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia and the Bendigo region of Victoria, Australia. These areas are known for their potential in gold and other mineral resources, which positions Novo Resources strategically in the mining sector.
Partnership with De Grey Mining Limited
Novo Resources has entered into an agreement with De Grey Mining Limited for the advancement of exploration at the Becher Project and surrounding tenements in the Egina Gold Camp. This partnership aims to leverage both companies' expertise to enhance exploration and development activities in the region.
Investment Portfolio
Novo Resources boasts an investment portfolio valued at A$39.3 million. This portfolio includes shares in ASX-listed and unlisted companies, reflecting the company's diversified investment strategy within the mining and exploration sectors.
Belltopper Gold Project
Novo Resources operates the Belltopper Gold Project in Victoria. This project is considered highly prospective for multiple gold-mineralisation target styles. It is part of the company's broader strategy to explore and develop high-potential gold assets in Australia.
Joint Ventures in Lithium and Nickel Exploration
Novo Resources has formed a joint venture with SQM Australia Pty Ltd for exploration tenements in the West Pilbara, focusing on lithium and nickel. Additionally, the Quartz Hill Li JV focuses on lithium battery metals in the East Pilbara. These joint ventures aim to tap into the growing demand for battery metals, critical for the energy transition.
Ethical Procurement Practices
Novo Resources is committed to responsible and ethical procurement practices. The company focuses on sourcing from local suppliers in the Pilbara and Perth regions. This commitment underscores Novo Resources' dedication to supporting local economies and maintaining sustainable operations.