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Novo Resources Corp

www: www.novoresources.com   email: leo@novoresources.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
TSE:NVO CAD
OTCMKTS:NSRPF USD

Description

Novo Resources Corp are a gold focused junior, late stage development company with one producing mine in Australia and exploration properties. Currently they produce roughly per year. They have approximately 1Moz. of gold in the reserves and resources category of which 0.5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$58.27M which is a fall of roughly 40% over the last eleven months. As of 08/08/2022 they have no debt and ~C$55.84M cash. They have 263M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 07/03/2022
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $96.73M $58.27M 04/27/2023
Total Assets: $270.92M $260.60M 07/03/2022
Total Liabilities: $47.99M $22.34M 08/08/2022
Current Assets: $58.05M $55.84M 08/08/2022
Current Liabilities: $10.84M $10.42M 07/03/2022
Total Debt: $39.48M $0.00M 08/08/2022
Cash: $58.05M $55.84M 08/08/2022
Enterprise Value: $78.15M $2.43M 01/28/1970
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: Yes Yes 07/03/2022
Misc 07/03/2022
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 246,000,000 263,000,000 04/27/2023
Shares (FD): 284,000,000 301,000,000 04/27/2023
Insider Ownership: n/a 32.5% 04/27/2023
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 02/01/2024 07/03/2022
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 07/03/2022
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 07/03/2022
Initial CapEx (Outstanding): $20.00M
20.68% of MCap		 $20.00M
34.32% of MCap 		07/03/2022
Funding Option: n/a n/a 07/03/2022
Documentation: none PFS 04/27/2023
Future MCap Modifier: 0.1
Developer: Likely Path to Production
 0.1
Developer: Likely Path to Production
 04/24/2023
Cash Flow Multiplier: 5 5 04/23/2023

Resource Data

GOLD 07/03/2022
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 07/03/2022
Measured & Indicated: 0.50M 0.50M 07/03/2022
Inferred: 0.50M 0.50M 07/03/2022
Reserves & Resources: 1.00M 1.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 07/03/2022
Measured & Indicated: 0.34M 0.34M 07/03/2022
Inferred: 0.21M 0.21M 07/03/2022
Reserves & Resources: 0.55M 0.55M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 07/03/2022
Extra Operating Cost: n/a n/a 07/03/2022
Average Grade: 1.50 g/t 1.50 g/t 07/03/2022
Recovery Rate: (CG)  85.00% (CG)  85.00% 04/27/2023
F
U
T
U
R
E		 Proven & Probable: 2.00M 2.00M 07/03/2022
Annual Production: 100,000oz. 100,000oz. 07/03/2022
Cash Cost: $850 $1,000 04/23/2023
Extra Operating Cost: $450 $500 04/23/2023
SILVER 07/03/2022
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 07/03/2022
Measured & Indicated: n/a n/a 07/03/2022
Inferred: n/a n/a 07/03/2022
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 07/03/2022
Measured & Indicated: n/a n/a 07/03/2022
Inferred: n/a n/a 07/03/2022
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 07/03/2022
Extra Operating Cost: n/a n/a 07/03/2022
Average Grade: n/a n/a 07/03/2022
Recovery Rate: n/a n/a 07/03/2022
F
U
T
U
R
E		 Proven & Probable: n/a n/a 07/03/2022
Annual Production: n/a n/a 07/03/2022
Cash Cost: n/a n/a 07/03/2022
Extra Operating Cost: n/a n/a 07/03/2022

Property

Last Analysis Data  (07/03/2022)
Stage Name Owned Au Ag Cu Notes
Prod Nullagine 100% show
1.2 million oz resources at 1.1 gpt
Exp Beatons Creek 100% show
first 43-101 in 2012 at 500,000 oz at 1.5 gpt. Only 16,000 meters of drilling.

This is a small part of the Beatons Creek property.
Exp Beatons Creek (larger area) 70% show
Early exploration.

70% JV
Exp Karratha 100% show
They own 100% of most of this property.

Purdy's Reward (15,000 Hectares): 50%
Comet Well (48,000 Hectares): 80%
Exp Marble Bar 70% show
early exploration
Exp Talga Talga 100% show
Early exploration
Exp Tuscarora 100% show
Early exploration
Total Land Package Size (ha): 990,600  
Current Data
Stage Name Owned Au Ag Cu Notes
Prod Nullagine 100% show
1.2 million oz resources at 1.1 gpt
Exp Beatons Creek 100% show
first 43-101 in 2012 at 500,000 oz at 1.5 gpt. Only 16,000 meters of drilling.

This is a small part of the Beatons Creek property.
Exp Beatons Creek (larger area) 70% show
Early exploration.

70% JV
Exp Karratha 100% show
They own 100% of most of this property.

Purdy's Reward (15,000 Hectares): 50%
Comet Well (48,000 Hectares): 80%
Exp Marble Bar 70% show
early exploration
Exp Talga Talga 100% show
Early exploration
Exp Tuscarora 100% show
Early exploration
Total Land Package Size (ha): 990,600  

Profitability (by resource)

Proven &
Probable		 07/03/2022
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: n/a n/a n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): n/a n/a n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): n/a n/a n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: n/a n/a n/a
Max Profit / Current MCap: n/a n/a n/a
Max Profit Per Share (Gold): n/a n/a n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: n/a n/a n/a
Total Free Profit Per Share: n/a n/a n/a
FD MCap / Gold Eq.: n/a n/a n/a
FD MCap / Silver Eq.: n/a n/a n/a
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a
Measured &
Indicated		 07/03/2022
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 0.50M 0.50M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.34M 0.34M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $182.92M $152.08M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $182.92M $152.08M n/a
Max Profit / Current MCap: 1.891 2.610 n/a
Max Profit Per Share (Gold): $0.64 $0.51 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $0.64 $0.51 n/a
Total Free Profit Per Share: $0.20 $0.25 n/a
FD MCap / Gold Eq.: $284.49 $171.38 n/a
FD MCap / Silver Eq.: $3.34 $2.08 n/a
FD MCap / Per Metal
as % Spot Price:		 15.48% 8.80% n/a

Reserves &
Resources		 07/03/2022
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 1.00M 1.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 0.55M 0.55M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $297.25M $247.13M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $297.25M $247.13M n/a
Max Profit / Current MCap: 3.073 4.241 n/a
Max Profit Per Share (Gold): $1.05 $0.82 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $1.05 $0.82 n/a
Total Free Profit Per Share: $0.61 $0.56 n/a
FD MCap / Gold Eq.: $175.07 $105.47 n/a
FD MCap / Silver Eq.: $2.05 $1.28 n/a
FD MCap / Per Metal
as % Spot Price:		 9.53% 5.42% n/a

Future Valuation (Cash Flow & Totals)

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