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VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQX: NSRPF) is pleased to advise the release of its 2024 Sustainability Report, which outlines progress over the past year.
The report is available on the Company’s website - Novo Sustainability
Novo’s 2024 Sustainability Report demonstrates that Novo remains committed to sustainability as we execute our exploration strategy and the Company’s stakeholders, including local communities and traditional owners, have been and continue to be integral to success.
Novo Executive Co-Chairman and Acting CEO Mike Spreadborough commented, “Over the past twelve months we have been busy. Novo transitioned from an operator to a gold explorer, with the divestment of the Nullagine Gold Project (NGP), completion of multiple JV’s and the Novo’s listing on the ASX. As we reflect on changes within the Company, we continue to ensure our activities are aligned with our values, and commitment to sustainability.“
“In the year to come we will continue to listen to our stakeholders, and support our people and communities, with a focus on minimising risk and maximising opportunities. We would sincerely like to thank the Novo team, along with our communities and Traditional Owners for their dedication and ongoing support and contribution to our sustainability efforts this past year.”
Authorised for release by the Board of Directors.
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ABOUT NOVO
Novo is an Australian based gold explorer listed on the ASX and the TSX focused on discovering standalone gold projects with > 1 Moz development potential. Novo is an innovative gold explorer with a significant land package covering approximately 6,700 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.
Novo’s 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 expenditure of A$25 million within 4 years for a 50% interest. The Becher Project has similar geological characteristics as De Grey’s 12.7 Moz Hemi Project1. Novo is also advancing gold exploration at Nunyerry North, part of the Croydon JV (Novo 70%: Creasy Group 30%), where 2023 exploration drilling identified significant gold mineralisation. Novo continues to undertake early-stage exploration across its Pilbara tenement portfolio.