Over the years, the results have confirmed the presence of a sizable deposit. Novos exploration mandate has grown over recent years to cover orogenic gold, base-metal, and battery-metal targets, in addition to the historical emphasis of conglomerate-hosted gold. Growing Dividend: Insufficient data to determine if NSRP.F's dividend payments have been increasing. Get tickets to the largest indigenous trade show in WA, featuring special guests and a performance by Jessica Mauboy! The company is currently undertaking systematic exploration for gold-bearing reefs across this approximately 160 sqkm property for resource definition. Depending on location we offer a variety of roster options, including 2/1, 20/10 and 8/6, operating on a FIFO basis with a potential option for residential roles based in Karratha. How did NSRP.F perform over the long term? Volatility Over Time: NSRP.F's weekly volatility has increased from 12% to 18% over the past year. This is scheduled for late 2022 or 2023 pending rig availability. What is Novo Resources's current dividend yield, its reliability and sustainability? Confused Quigley slammed by Palmer defamation judge, Four in a row: Australia reacts to another rate rise, Venture, Chalice onto phase 2 of nickel-PGE JV, Calidus unmasks gold anomalies in Pilbara project, Marching energy prices boost ADX cash position, Western Mines sizes up copper-zinc at Mulga Tank, Mongolian tests show waste recovery potential for Xanadu, Strike locks in date for 68,000t maiden iron ore shipment. Mr. Michael John Spreadborough, also known as Mike, B.Eng. Recovery rates are also stabilizing around 95%. This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors. The diamond drill core was sampled by cutting the core in half longitudinally. Dr. Doyle is Novos Exploration Manager Victoria & Project Generation. All rights reserved. Revenue vs Market: NSRP.F's revenue (25% per year) is forecast to grow faster than the US market (7.8% per year). (Mining) (Hons), MBA, serves as Executive Co-Chairman at Novo Resources Corp. since August 2021 and is Acting Chief Executive Officer from April 2. Insufficient data to determine if NSRP.F's dividends per share have been stable in the past. ($USD2.52M) is above average for companies of similar size in the US market ($USD770.24K). How is Novo Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst? Delayed Reducing Debt: Insufficient data to determine if NSRP.F's debt to equity ratio has reduced over the past 5 years. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. At Novo, we look at things differently from other gold producers and we are paving the way for a bright and long future. Novo exercised its option over the Malmsbury Project to earn a 50% interest, and the right to earn an additional 10% interest by incurring A$5 million in exploration expenditure over a four-year period. The Phase Two mechanical sorting trial has been completed, with samples from Comet Well, Purdy's Reward, and Egina processed through the Sorter which was assembled adjacent to the Golden Eagle processing plant at the Nullagine Gold Project ("Nullagine"). Head Office: Level 1, 46 Ventnor Avenue, West Perth, Western Australia 6005. Novo Resources (TSX: NVO) reported on Thursday that its Beatons Creek conglomerate gold project, also known as the Nullagine gold project in Western Australia, has had another record month of growth with production of 8,589 oz in July, a 46% increase over June. NSRP.F is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.8x). The Nullagine Gold Project (NGP) is located near the town of Nullagine in the Pilbara region of Western Australia. Concentrates from each sample were collected in their entirety and the tails or `rejects' stream was sub-sampled and sent for assay via ChrysosTM PhotonAssay. To produce a duplicate sample, the whole core sample is first cut in half, with half of the core returned to the tray. In addition, Novo has agreed to pay a 2 per cent gross royalty on gold production capped at $20 million. Analyst Forecast: Insufficient data to show price forecast. Novo boasts a highly experienced team focused on identifying high-quality gold and battery metals targets in prospective belts within Western Australia and Victoria, through both brownfield and greenfield exploration. Dr. Christopher Doyle (MAIG) is the qualified person, as defined under NI 43-101, responsible for, and having reviewed and approved, the technical information contained in this news release. Additionally, Novo is also focused on aggressively advancing the high-potential exploration targets at Becher for gold in the Egina district and at Purdy's North for nickel in the West Pilbara district. The use of the Sorter to complete processing of a test parcel of potentially mineralized material remains the most appropriate means of determining potential gold deposition and project economics, and it is expected that the Phase Three trial will assist with establishing a modest mineral inventory for the Comet Well and Purdy's Reward projects. Sign up as a Job Seeker now! ? The work program moving forward will involve a larger second phase of drilling to both build on current success and test remaining high-priority targets not drilled in the current round. Significantly Below Fair Value: NSRP.F is trading below fair value by more than 20%. Other financial metrics that can be useful for relative valuation. A total of 7,899 oz gold were sold in July, generating revenue of C$17.8 million, a 50% jump over the prior month. Thesis Gold is led by a dynamic group of resource sector professionals who have a track record of success in mineral exploration. Novo Resources Corp. provided an update on its mechanical sorting program. As anticipated, the processing plants annualized rate is increasing towards 1.8 mtpa. Insufficient data to compare Mike's compensation with company performance. Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings. NSRP.F is unprofitable, but has reduced losses over the past 5 years at a rate of 8.2% per year. NSRP.F's revenue (25% per year) is forecast to grow faster than the US market (7.8% per year). On top of the $8.3 million upgrade, maintenance and refurbishment of the conventional gravity-CIL gold processing facility proceeding on time, recent significant milestones also include Novos selection of WA-based Iron Mine Contracting, or IMC as the preferred surface mining contractor at Beatons Creek. Bullion rose 2.2% last week and continued to climb on Monday as the risk of a recession cooled expectations for how sharply the Federal Reserve will raise rates to tame inflation. Diamond drilling continues at Malmsbury with two additional priority diamond holes to be included in the current drilling program based on recent success, including: 1) a circa 80 m step-out hole north of MD17 to test the Missing Link Monzogranite in an area of significant Au-in-soil and rock chips; and 2) an additional hole on the Leven Star Reef to test a potential high-grade shoot identified in recently reported significant results from MD162. So who are Novo?!? Some investors want Russian gold off their books but it's not that easy to remove. ArcPacific owns 100% interest in the LMSL Copper Gold & Silver Project in British Columbia, Canada, in the prolific Quesnel Trough which is world renowned for its copper and gold endowment. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Moreover, historic mines near the town of Nullagine exploited pyritic gold-bearing reefs as early as the late 1800's. The Phase Two trials represent a culmination of four years of test work conducted by Novo to determine theamenability of mechanical sorting across its 11,000 sq km of Pilbara tenure in Western Australia. Future ROE: Insufficient data to determine if NSRP.F's Return on Equity is forecast to be high in 3 years time. At Beatons Creek, Novo is exploring for gold-bearing conglomerates within the Hardey Sandstone Formation, part of the Fortescue Group, a thick sequence of ancient sedimentary and volcanic rocks. The Phase Two trial involved thirty-three samples, primarily from the Comet Well and Purdy's Reward tenements, which were processed though the Sorter. Password will be generated and sent to your email address. Novo operates its flagship Beatons Creek gold project while exploring and developing its prospective land package covering approximately 13,250 square kilometres in the Pilbara region of Western Australia. Blanks and standards are inserted at a rate of eight samples in 100, with three OREAS CRM standards (OREAS 232, OREAS 239, OREAS 264) and one blank (OREAS C26d) systematically repeated. Forecast Cash Runway: Insufficient data to determine if NSRP.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates. (-5.14%), as it is currently unprofitable. Replacement parts are expected to be installed upon arrival in mid-June. Unable to calculate sustainability of dividends as NSRP.F has not reported any payouts. Insufficient data to determine if NSRP.F's dividend payments have been increasing. Compensation vs Market: Mike's total compensation ($USD2.52M) is above average for companies of similar size in the US market ($USD770.24K). Novo Resources is an equal opportunity employer and we welcome the many dimensions of diversity. Planning is also advancing on an IP survey, scheduled for Q3, 2022, to define sulphide rich target zones and enhanced quartz veining within the granite (IRGS) target corridor, in addition to delineating disseminated sulphide haloes around high-priority gold reef targets. Drill hole MD17 was sampled in two stages, with priority given to sampling across the monzogranite interval and contact zones. MD17 successfully intersected the Missing Link Monzogranite between 204 m 269 m down hole, in addition to a smaller and potentially parallel shallow sub-surface granite dyke interpreted in strongly oxidized material near the collar. Novos premium Pilbara landholding, developed over the last several years, covers more than 11,000sq kms of tenure, providing significant growth opportunities. Unable to evaluate NSRP.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts. This hole aimed to determine the geometry and gold endowment of the intrusion and targeted the monzogranite for its potential as an IRGS, in addition for the potential for orogenic vein style mineralization. Importantly, the Company has an experienced management team in place. Price-To-Sales vs Peers: NSRP.F is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (12.6x). Novo Resources added that in 2021, the company produced 49,364 oz from its Beatons Creek gold project, located in Nullagine, Western Australia. The 1.5 million-tonnes-per-annum plant, which was only mothballed in December last year, was picked up in Novos approximate $130 million cash-and-scrip acquisition of Millennium Minerals this year. How experienced are the management team and are they aligned to shareholders interests? "I would say within the next few months to a year, we'll have a clear path of how Beatons Creek will unfold and benefit Novo shareholders" says Chairman and President, Dr. Quinton Hennigh. -, Novo Resources Corp. - Beatons Creek Fresh Approvals Update, Novo Resources Corp. Reiterates Production Guidance for the First Half of 2022, Novo Resources Corp. Which metric is best to use when looking at relative valuation for NSRP.F? According to Novo, GR Engineering is more than one-third through its contract to refurbish the Golden Eagle mill. IMC has clearly articulated an intent to work collaboratively with Novo to optimise mining equipment, methods and costs as evidenced by mobilisation of a predominantly new fleet to underpin high levels of productivity and reliability. Cash Flow Coverage: Unable to calculate sustainability of dividends as NSRP.F has not reported any payouts. Additional high-priority targets more recently delineated within the Nullagine project area also scheduled for drill testing in the latter half of 2021. to determine if its dividend payments are covered by earnings. 337927). Growing Profit Margin: NSRP.F is currently unprofitable. The Vancouver-based company says the fast-tracked development of the planned Beatons Creek/Nullagine gold mine, including the refurbishment of the recently purchased nearby Golden Eagle gold treatment plant, continues to progress on schedule and within budget. Novo Resources Corp. reported additional assay results received from the current diamond drilling program on RL006587 at the Malmsbury Project, approximately 50 km SSW of the high-grade Fosterville mine in Victoria, Australia. Mill throughput continued to increase at Nullagine on a month-on-month basis. Trading at 96.5% below our estimate of its fair value, Revenue is forecast to grow 25.02% per year, Earnings have grown 8.2% per year over the past 5 years, Highly volatile share price over the past 3 months. NSRP.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (82.5%). Novo is dedicated to prioritizing resources to deliver key workstreams at the Beatons Creek Fresh mineral resource including completion of the Feasibility Study2, upgrading the current Fresh mineral resource, and continued resource and extensional drilling to expand potential for life-of-mine operations. Novo Resources is a gold producer with one of the largest prospective gold and battery metals land packages in the Pilbara, a premier exploration and mining region located in Western Australia. The Comet Well and Purdy's Reward samples were taken from areas peripheral to the main mineralized zone representing lower-grade tenor material and contained approximately 145 tonnes of bulk sample material. Gold assays recently returned from the priority sampling only are presented here. The Australia-focused miner has a market capitalization of C$535.9 million. Sampling does not cross core loss zones of greater than or equal to 0.3 m. Depending on their relationship to potential mineralization, zones with core loss less than 0.3 m and greater than 0.1 m can terminate a sampling sequence or be included within a sample interval with the percentage of sample recovery recorded. NSRP.F's short term assets (CA$152.1M) exceed its. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Exploring and developing gold projects in the Pilbara region of Western Australia, Schwazze Takes Focused Approach to Become Market a Leader, Mission Critical: How XPhyto Therapeutics Could Revolutionize PCR Testing, Algernon Pharmaceuticals: Investigating a Novel Therapy for Stroke Patients Using the Psychedelic Drug N,N-Dimethyltryptamine (DMT), Lexarias Breakthrough DehydraTECH-CBD Reduces Blood Pressure by up to 23%, ArcPacific Resources: Early-Stage Junior Exploration Company, GCM Mining: Seasoned Experience in Latin America. Novo Resources currently has a number of Geology graduates and may also offer opportunities in Mining roles once mining at our Nullagine Gold Project recommences. ( 1.6 years average tenure), which suggests a new board. Drill core duplicates are inserted at a rate of one sample every 25. Insufficient data to determine if NSRP.F's. (Mining) (Hons), MBA, serves as Executive Co-Chairman at Novo Resources Corp. since August 2021 and is Acting Chief Executive Officer from April 2 Show more. Something went wrong while submitting the form. With a vast land holding across the Pilbara, as well as JV tenements in Victoria, exploration is a key priority for Novo Resources. We also encourage expressions of interest by emailing recruitment@novoresources.com at any time. This ETF captures the powerful traits of Canadas leading companies combining them with Harvests process for generating equity income. The new year will be filled with uncertainty as the Federal Reserve looks to pivot and tighten its monetary policies. Accelerating Growth: Unable to compare NSRP.F's earnings growth over the past year to its 5-year average as it is currently unprofitable. How is Novo Resources's financial position? NSRP.F ($0.46) is trading below our estimate of. Insufficient data to determine if NSRP.F's forecast earnings growth is above the, Insufficient data to determine if NSRP.F's earnings are forecast to grow faster than the US market, Insufficient data to determine if NSRP.F's earnings are expected to grow. Employer accounts available to Gold Industry Group members only. Learn more here. Samples were cut to geological boundaries or to a preferred length of 1.0 m. The core was halved along the plane of orientation using a diamond saw and the upper half of the core dispatched for analysis and the lower half returned to the core tray in its original orientation. This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors. Price-To-Sales vs Industry: NSRP.F is expensive based on its Price-To-Sales Ratio (1.1x) compared to the US Metals and Mining industry average (1.1x). The intrusive is characterized by strong sericite alteration and disseminated sulphides throughout with regular intervals of planar white quartz-sulphide stockwork veining. Quality Earnings: NSRP.F is currently unprofitable. Novo Resources Corp.'s employee growth, exchange listings and data sources. NSRP.F's revenue (25% per year) is forecast to grow faster than 20% per year. So who are Novo?!? The Nullaginegold project, named after the town in Western Australia near which it is located,is one of Novos Pilbara paleoplacer gold projects. Novo says the forthcoming transition to gold producer and revenue-generating status will enable it to fuel an organic growth strategy via proposed regional exploration testing several gold targets across its 14,000-square-kilometre tenement holdings in the Pilbara. Your submission has been received! The company is also making solid headway on close-spaced grade control RC drilling. Beatons Creek lies approximately 10km north and within comfortable trucking distance of the Golden Eagle gold processing plant. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. When hiring graduates, we advertise through local universities and also encourage expressions of interest by emailing recruitment@novoresources.com at any time. Stable Share Price: NSRP.F is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 18% a week. than 90% of US stocks over the past 3 months. Thank you! The initial oxide phase of mining at Beatons Creek will end in October 2022. Where core loss cannot be specifically attributed, the percentage of sample recovery is recorded. Novo Resources Corp. advised that as a result of operational issues with the SAG mill trunnion seal at the Nullagine gold project's Golden Eagle processing facility (the "Golden Eagle Mill") the Company's previously stated production forecast from the Company's Beatons Creek gold project (the "Beatons Creek Project") for the first half of 2022 has been revised to 25 27 koz Au. Debt Level: NSRP.F's net debt to equity ratio (7.6%) is considered satisfactory. The other half is then quartered with one quarter used as a primary sample and the other as the duplicate. StudentGraduateGold employeeJob seekerEmployerTeacher. Price-To-Sales vs Fair Ratio: NSRP.F is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.8x). Insufficient data to show price forecast. NSRP.F is expensive based on its Price-To-Sales Ratio (1.1x) compared to the US Metals and Mining industry average (1.1x), What is NSRP.F's PS Ratio compared to its. Its flagship property is the Beatons Creek property located in the Pilbara region of Western Australia. The company primarily explores for gold deposits. Earnings vs Savings Rate: Insufficient data to determine if NSRP.F's forecast earnings growth is above the savings rate (1.9%). Further expansion of systematic soil geochemistry, mapping and rock chip sampling is also scheduled. Below Fair Value: NSRP.F ($0.46) is trading below our estimate of fair value ($13.43). Copyright 2022 Surperformance. How has Novo Resources performed over the past 5 years? For more information on Novo Resources Corp. (NVO:TSX-V, NSRPF:OTCQX) please fill out the form below. At the time of writing, gold and multi-element assays from four of eight holes completed have been returned. Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Mr. Iacono has over thirty years of experience in capital markets and public companies and has raised more than four billion dollars for numerous natural resource projects internationally.
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