Novo Resources Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael John Spreadborough
- Full Time Employees
- 75
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 580 Hornby Street Vancouver BC Canada V6C 3B6
- IPO Date
- Aug 1, 2012
- CIK
- 0001536674
- Website
- novoresources.com
- Similar Companies
- Business
- Novo Resources Corp. is a gold and copper exploration and development company focused on discovering standalone mineral projects across Australia. The company’s core products and services include evaluation, acquisition, exploration, and development of natural resource properties with an emphasis on high-grade gold and copper deposits. Its key assets include a substantial land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, the 22 square kilometer Belltopper Project in the Bendigo Tectonic Zone of Victoria, and multiple high-grade gold projects in New South Wales such as the John Bull and Tibooburra Gold Projects. Novo also engages in joint ventures and farm-in agreements, including the Becher Project in the Egina Gold Camp where it holds a 70% interest in a joint venture with the Creasy Group. Additionally, the company has a strategic lithium joint venture with SQM Australia in the Pilbara, providing exposure to battery metals alongside its primary gold focus. Founded in 2009 and headquartered in Vancouver, Canada, Novo Resources has recently expanded its exploration portfolio through significant acquisitions and strategic partnerships. In 2024, it acquired interests in two high-grade gold projects in New South Wales — John Bull and Tibooburra — through option agreements with TechGen Metals and Manhattan Corporation respectively. These acquisitions complement its consolidated landholdings forming the Toolunga Project in Western Australia. In late 2023, Novo secured a lithium joint venture agreement with global lithium producer SQM to advance battery mineral opportunities. The company has also announced ongoing and planned drilling and exploration activities in 2025, including at its Sherlock Crossing gold-antimony prospect and expanded surface exploration programs in New South Wales and the Pilbara region. Novo’s strategic focus remains on developing drill-ready, high-grade projects with significant resource potential while balancing risk through joint ventures and partnerships. Novo Resources operates primarily in the gold exploration and mining industry, targeting high-grade gold deposits and expanding into copper and battery minerals. Its customer base consists mainly of investors and partners in the mining sector, while its geographic operations are concentrated in Australia’s resource-rich regions of Western Australia, Victoria, and New South Wales. The company continuously seeks to grow through disciplined project generation, acquisitions, and value accretive joint ventures to deliver shareholder value and increase its scale. Recent operational and strategic changes highlight Novo’s pivot to integrating battery metal exposure alongside gold exploration, underscoring a broader commodity diversification strategy.
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