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Novo Resources Launches C$5.8M Placement to Boost Pilbara Gold Exploration

10:24am on Wednesday 25th of February, 2026 AEDT Mining
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Novo Resources Launches C$5.8M Placement to Boost Pilbara Gold Exploration

10:24am on Wednesday 25th of February, 2026 AEDT
Key Points
  • Proposed private placement to raise approximately C$5.8 million (A$6 million)
  • Issuance of up to 59.1 million units and/or CDIs with attached warrants and options
  • Discounted issue prices of approximately 19–25% to recent market prices
  • Funds earmarked for exploration in Pilbara region and Belltopper Gold Project in Victoria
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