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Novo Resources Corp. (ASX:NVO)

ALERT: Price-sensitive ASX Announcement for NVO
Current share price for NVO : $0.064 -0.008 (-11.11%)+
Announcement
Release
9 Jun 2026 1:29PM
Price at Release
$0.072
Full Release
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Summary
Novo Resources Corp. has announced a Mineral Resource classified as an Inferred Mineral Resource for the Leven Star Reef at its Belltopper Gold Project located in Victoria, Australia. The Leven Star Reef is part of eight reefs forming the Exploration Target at Belltopper, with the project situated 120 km northwest of Melbourne. The inferred resource is estimated at 760,000 tonnes with a grade of 3.6 g/t Au, amounting to 87,000 troy ounces of gold. The estimation utilizes various assumptions including a gold price of AU$5,250 per ounce, mining and processing costs, and metallurgical recovery rates. The project employs sub-level open stoping mining methods, considering eventual economic extraction over a period of 5-10 years, subject to changes in gold price and regulatory conditions.
Key Points
  • Novo Resources Corp. announces Inferred Mineral Resource for Leven Star Reef.
  • Belltopper Gold Project is located 120 km northwest of Melbourne.
  • The inferred resource is 760,000 tonnes at 3.6 g/t Au, totaling 87,000 ounces.
  • Estimation based on a gold price of AU$5,250 per ounce.
  • Utilizing sub-level open stoping mining method.
  • Projected economic extraction period is 5-10 years.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.