Toolunga

Novo has secured a strategic position in the Onslow District of approximately 1,520 sq km, including:

• The Cane River Project: Potential JV on four Exploration Licence applications (once granted) totalling 890 sq km held by OD4 Rocklea.
• 100% Novo owned area of six Exploration Licence Applications totalling 634 sq km on vacant ground in nearby area, under shallow cover of the Edmund Basin.

Onslow is a highly prospective under-explored terrain cover where prospectivity for intrusion-related systems is deemed high. 

The district has geochemical signatures of IRG, porphyry, IOCG and related deposit styles (epithermal, intermediate sulphidation). The tenement package contains several old mining centres and numerous targets defined by gravity and magnetic anomalies, and anomalous surface geochemistry.