Novo Resources finalizes Tibooburra farm-in JV option deal with Manhattan Gold unit Awati

Reuters2026/07/29 20:19

By:Reuters

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Novo Resources entered a farm-in joint venture with Manhattan Gold and its unit Awati over six NSW exploration licences at the Tibooburra Gold Project.
Formal JV and option agreements were signed, replacing a binding term sheet announced on Dec. 13, 2024.
Novo will issue 1,500,000 common shares to Awati, subject to a four-month hold under Canadian securities laws.
Option requires A$ 1.5 million spend to earn a 70% interest in an unincorporated 70/30 JV over precious and base metals.
A$ 1.31 million had been spent by June 30, 2026; Awati is carried to completion of a bankable feasibility study.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Novo Resources Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607291605PRIMZONECNPR____9800225) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Novo Resources finalizes Tibooburra farm-in JV option deal with Manhattan Gold unit Awati

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