Detail akcie Novo Res online

Business Summary: Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Novo Resources Corp revenues was not reported. Net loss before extraordinary items decreased 49% to C$12.2M. Lower net loss reflects Exploration expenditure decrease of 23% to C$6.2M (expense), Foreign exchange (loss) / gain decrease of 99% to C$11K (expense), Wages and Salaries decrease of 38% to C$1.4M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.09 to -C$0.03.