Novo picks up Millennium's Nullagine project

NOVO Resources has confirmed expectations by acquiring the Nullagine gold project in Western Australia, operated by the failed Millennium Minerals, for A$61 million in shares and repayment of secured debt of $69 million.

Novo picks up Millennium's Nullagine project Novo picks up Millennium's Nullagine project Novo picks up Millennium's Nullagine project Novo picks up Millennium's Nullagine project Novo picks up Millennium's Nullagine project

 

Novo aims to resume mining and processing around the turn of the year, with indicated resources at its neighboring Beatons Creek project totalling 6.6 million tonnes grading 2.