NOVO RESOURCES CORP. ("NVO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 22, 2107
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Joint Venture Tenements Deed dated August 15, 2017 between Novo Resources Corp. and Karratha Gold PTY Ltd. (the Company) and Artemis Resources Limited, Karratha Metals PTY Ltd, Shear Zone Mining PTY Ltd, Western Metals PTY Ltd and KML NO 2 PTY Ltd whereby the Company will farm in to 50 per cent of gold (and other minerals necessarily mined with gold) in conglomerate- and/or paleoplacer-style mineralization in Artemis's tenements within 100 kilometres of the city of Karratha, including at Purdy's Reward. The gold rights do not include (i) gold disclosed in Artemis's existing (at May 18, 2017) JORC-compliant resources and reserves; or (ii) gold which is not within conglomerate- and/or paleoplacer-style mineralization; or (iii) minerals other than gold. Artemis's Mount Oscar tenement is excluded from the definitive agreements. Consideration is 4,000,000 common shares and AUS$2,000,000 on exploration within two years.
For full details please see the Company's news release dated August 15, 2017
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