Novo Resources NVO.TO · CAD

Its shares trade on Toronto Stock Exchange under the ticker NVO.TO. It has been listed since 14 June 2010. In the fiscal year to 31 December 2021, it reported revenue of C$112.2m and a net loss of C$704,000. At that date it held total assets of C$462.7m and shareholders' equity of C$314.3m.

Novo Resources Corp. engages in the evaluation, acquisition, and exploration of natural resource properties with a focus on gold. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2010-06-14. The firm explores and develops its prospective land package covering approximately 10,500 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper Project in the Bendigo Tectonic Zone of Victoria, Australia. The company operates in two segments: care & maintenance operations and exploration operations. The firm's Nullagine Gold Project (NGP) consists of the Mosquito Creek Basin (MCB), the Beatons Creek Project, and the Golden Eagle Processing Facility. The NGP remains in care and maintenance following suspension of its operations. The Golden Eagle Plant is a tier-one facility which hosts a 1.5 Mtpa nameplate capacity conventional gold gravity/CIL processing facility 4 MW SAG mill. The Beatons Creek project hosts an Indicated Mineral Resource of 3.05 million tons at 2.4 g/t Au for 234,000 oz Au and an Inferred Mineral Resource of 0.83 million tons at 1.6 g/t Au for 42,000 oz Au3.

Figures and description from our data supplier, not checked against the company's own report.

• Dr. Quinton HennighNon-Executive Co-Chairman of the Board, since 2009C$136,980
• Mr. Michael SpreadboroughExecutive Co-Chairman of the Board, Acting Chief Executive Officer, since 2021C$423,757
• Ms. Elza Van Der WaltChief Financial Officer, Joint Corporate SecretaryC$318,609
• Ms. Lisa SmithGeneral Counsel, Joint Corporate SecretaryC$179,332
• Mr. Karen De LucaGeneral Manager - Exploration, since 2023C$347,455
• Mr. Iain GrovesExploration ManagerC$262,526
• Mr. Gregory JonesNon-Executive Independent DirectorC$71,281
• Ms. Karen OneillIndependent Non-Executive DirectorC$65,730
• Mr. Leonidas KarabelasVice President - Corporate Communications, since 2023C$180,000

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