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Novo Resources Cuts Losses, Boosts Liquidity Amid Ongoing Exploration

8:31am on Friday 8th of August, 2025 AEST Mining
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Novo Resources Cuts Losses, Boosts Liquidity Amid Ongoing Exploration

8:31am on Friday 8th of August, 2025 AEST
Key Points
  • Net loss narrowed to CAD 5.85 million from CAD 12.25 million year-on-year
  • Operating cash outflows halved to CAD 4.91 million
  • Cash and short-term investments stand at CAD 5.98 million
  • Exploration assets slightly impaired and partially disposed
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