Novo Resources Corp.

10:27 AM EST - Novo Resources Corp. : Provides a Q4 2021 operational update from Beatons Creek, located in Nullagine, Western Australia. Lower than forecast gold production of 12,833 oz Au in Q4 20210F due to a change in the December mining schedule and reduction in recovery due to technical issues with the carbon regeneration kiln, delivering production of 49,364 oz Au for the year ended December 31, 2021 from the Company’s Beatons Creek conglomerate gold project. Q4 2021 revenue of $30 million 1F2 from the sale of 13,023 oz Au. December 31, 2021 cash balance of $32.4 million. Investment portfolio fair value of approximately $146 million2F. Novo Resources Corp.

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