“Completion of this PEA demonstrates the strength of Beatons Creek,” commented Quinton Hennigh, Chairman and President of Novo Resources. “The PEA indicates the potential viability of mineral resources at Beatons Creek, with a competitive AISC of US$974/oz. Given the expansive nature of gold-bearing conglomerates in the Nullagine region, there is the potential for the resource base to grow through step-out exploration and support an extension to the LOM. The robust anticipated cash generation reported by the PEA should support Novo’s exploration activities across its vast holdings in the Pilbara, with further potential to grow production organically.”
For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com
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Preliminary Economic Assessment – Beatons Creek Conglomerate Gold Project
