Novo Resources Corp. Stock Analysis NVO.TO

Novo Resources Corp. engages in the evaluation, acquisition, and exploration of natural resource properties with a focus on gold. The company is headquartered in Vancouver, British Columbia and currently employs 18 full-time employees. The company went IPO on 2010-06-14. The firm is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties. The company has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area in the Pilbara is the Egina Gold Camp, where the Company is farming-in to form a joint venture at the Becher Project and surrounding tenements through exploration. The Becher Project has similar geological characteristics to its Hemi Project. The company is also advancing gold exploration south of Becher in the Egina Gold Camp, part of the Croydon JV. Its portfolio also consists of the TechGen John Bull Gold Project in the New England Orogen of NSW, and Manhattan Tibooburra Gold Project in the Albert Goldfields in northwestern NSW.