- Novo Resources Corp. (NVO) has poured its first gold bar from the Beatons Creek gold project in Nullagine, Western Australia
- The company’s inaugural commissioning gold pour was achieved following refurbishment of the Golden Eagle mill and rapid development of the project
- President Dr. Quinton Hennigh said this first gold pour marks over 10 years of dedicated commitment from Novo’s team
- In February, Novo also received final project approvals and commenced plant commissioning
- Novo Resources Corp. is up 1.23 per cent to C$3.28 per share
Novo Resources Corp. (NVO) has poured its first gold bar from the Beatons Creek gold project in Nullagine, Western Australia.
The company’s inaugural commissioning gold pour was achieved following refurbishment of the Golden Eagle mill and rapid development of the project, both of which have been completed on time and under budget.
Novo President Dr. Quinton Hennigh said this first gold pour marks over 10 years of dedicated commitment from Novo’s team and its shareholders to advance towards conglomerate gold production.
“We found that conglomerates of the Pilbara are quite nuggety making them particularly difficult to explore and determine grade for purposes of resource modeling. Nonetheless, through ingenuity, perseverance and dedication, our team has overcome these challenges to reach this historic inaugural conglomerate gold pour milestone.
And this is just the beginning! With approximately 14,000 square kilometres of tenure, Novo has laid a sustainable foundation upon which it plans to unlock much more conglomerate gold over coming years.”
Novo CEO Rob Humphryson said achieving the first gold pour within six months of acquiring Millennium is nothing short of remarkable.
“This is testament to the calibre of the Novo team and contract service providers who have worked seamlessly and tirelessly to get us to this milestone. Activities at site are now concentrated on optimizing the operation, which is expected to achieve a plant throughput rate of 1.5 million tonnes per annum.”
In February, Novo also received final project approvals and commenced plant commissioning.
Novo will also continue to pursue its aggressive growth strategy in 2021, with ongoing exploration activities in the Pilbara and Victoria, including a mechanical sorter program scheduled to commence at the Company’s Purdy’s Reward and Comet Well projects in the Pilbara in Q2 2021.
Novo Resources Corp. is up 1.23 per cent to C$3.28 per share.
