Novo fast-tracks Pilbara gold feasibility study

Canadian listed Novo Resources is forging ahead with a feasibility study on the more-lucrative fresh rock gold resource at its Beatons Creek project in the Pilbara after spending the past year or so mining the shallower oxide resource that with mixed results. The company says it has come to the end of the mineable oxide resource and the mine will move to care and maintenance whilst it awaits government approvals to mine the fresh rock – expected in 12 to 18 months.

The feasibility study is slated for completion in the final quarter of this year and will involve a more-detailed study on the previous “preliminary economic assessment”. The work will encompass an updated mineral resource, along with detailed metallurgical and geotechnical test work and the company will use the time to drill out the resource even further whilst it awaits approvals.

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