In June 2022, the corporate introduced a pause in manufacturing at Beatons Creek, together with the graduation of works to organize an up to date useful resource estimate. Mining ceased in August 2022 and processing completed in September 2022.
Novo expects to launch further updates on assets in the course of the first half of 2023. The findings of that replace can be based mostly on improvement drilling accomplished since Might 30, 2022. Mineralization stays open to the northwest, with further useful resource improvement drilling underway.
Two cultural heritage surveys have been lately accomplished, enabling infill and extensional aircore drilling traverses and reverse circulation (RC) drilling to be accomplished for the rest of 2022 and first half of 2023. Preliminary outcomes from the Becher space, mixed with beforehand reported outcomes from Nunyerry North, reconfirm potential for the Egina district to be a standalone gold manufacturing hub.