Sale of Nullagine Gold Project to Calidus Resources
HIGHLIGHTS
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Novo Executive Co-Chairman Mike Spreadborough said,
“As we continue to execute our exploration growth strategy to define gold deposits with significant development potential, to complete this disposal of Novo’s Nullagine Gold Project, which was a non-core asset, is a good outcome for the Company and our shareholders.
“Through this agreement, our financial position is improved with the removal of the existing rehabilitation liability of approximately A$45 million from our balance sheet.
“Fundamentals on the gold price and the sector generally remain very strong and we look forward to continuing our strong exploration strategy into the first half of 2024 across our extensive, highly prospective portfolio.”
Lesen Sie auch
VANCOUVER, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce that it has completed the sale of its Nullagine Gold Project (NGP) to Calidus Resources (ASX: CAI). This follows the conclusion of the strategic review of the NGP outlined in the Company’s August 2023 ASX IPO prospectus. The sale occurred pursuant to: