Monday, September 15, 2025

Gold Exploration Next to a 12.7M Oz Discovery with Michael Spreadborough of Novo Resources

In this interview at the Precious Metals Summit 2024, Michael Spreadborough, Executive Co-Chairman of Novo Resources Corp. (ASX: NVO, TSX: NVO, OTCQX: NSRPF), outlines the company’s strategic focus on greenfields gold exploration in Australia.

Spreadborough highlights Novo’s extensive land holdings in two key areas: the Pilbara region of Western Australia and near the Fosterville mine in Victoria. This diverse portfolio provides exposure to multiple prospective gold regions.

He discusses Novo’s joint venture with De Grey Mining, showcasing the company’s ability to form strategic partnerships. Spreadborough explains their exploration strategies and approach to project development, emphasizing flexibility in either developing projects independently or through joint ventures.

Novo’s financial strength is emphasized, with Spreadborough noting their strong balance sheet. He also highlights the company’s world-class exploration team, underscoring their technical expertise in identifying and developing gold prospects. Spreadborough conveys Novo’s agnostic stance on project development, indicating a pragmatic approach to maximizing shareholder value whether through solo development or partnerships.

This discussion provides investors with insights into Novo’s current activities, future plans, and the key factors that position them as an attractive investment in the gold exploration sector, including their strategic land holdings, financial stability, and technical expertise.


Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Gold Hits Record as China Launches Insurer Pilot Program

Gold prices reached an all-time high of $2,941 per ounce on Tuesday as China began...

Tuesday, February 11, 2025, 02:10:00 PM

O2Gold Intersects 20.11 g/t Gold Over 0.7 Metres At Aurora

O2Gold (TSXV: OTGO) last night reported on its first drill results from its Aurora Property...

Tuesday, September 21, 2021, 08:17:50 AM

Gary Wagner: Silver is Ripe to Move Higher – The Daily Dive

For the last episode of The Daily Dive this week, we sit down with Gary...

Friday, February 5, 2021, 01:30:00 PM

Lundin To Halt Candelaria Operations Temporarily, Pulls Guidance Following Second Union Strike

Lundin Mining (TSX: LUN) has seen mediation talks break down with a union representing 550...

Monday, October 19, 2020, 08:36:45 AM

Great Bear Intersects 25.12 G/T Gold Over 4.25 Metres

Great Bear Resources (TSXV: GBR) this morning released further results from its ongoing drill program...

Tuesday, March 16, 2021, 08:04:20 AM