Novo has excellent long-term growth opportunities through its existing highly prospective exploration tenements, expertise in exploration, project development and operations, and our use of innovative processes and technology.
In June 2023, following significant exploration success at the Becher project, Novo entered into the Egina Joint Venture with De Grey Mining Limited (ASX: DEG) for the advancement of exploration at Becher and surrounding tenements. Under the Egina JV, De Grey will spend up to A$25 million within four years to earn a 50% direct stake in the relevant tenements, at which time the 50/50 Egina JV will be established.
