Novo Delivers

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Novo just announced results from testing at two different projects in the Pilbara. I’ll start this piece with the results from the Tomra sorting machine because it’s so simple to understand. It works.

Novo Resources (NSRPF) took four samples from Purdy’s/Comet Well and ran them through the Tomra machine. In three of the tests, the material ranging in size from 6 mm to 63 mm consisted of about two thirds of the total weight. The sorter removed 99.52% of the total mass. The small amount of material above 63 mm won’t trigger the sorting mechanism so must be crushed to below 63 mm to process. The smaller than 6 mm material is about 30% of the total weight. In the last sample processed, the incoming material was greater than 10 mm for 50% of the total and below 10 mm for the other 49%+.

The sorter works and Novo expects to announce final grade for the material in January. But the sorter increased the grade of the concentrate to as high as 792.4 g/t. That would be direct shipping ore that any smelter in the world would be thrilled to buy and by shipping only the sorted material, Novo has made the gold secure.

The results from Egina get even more interesting and I’m writing this because it is an area I am very familiar with and few readers will be.

Few people know this but I have been well aware for many years about the danger of the financial system. I spent almost fifteen years trying to set up an alluvial project that would provide an independent source of income for when the shit hits the fan. I have invested my own money in alluvial projects in Chile, BC, Ghana, Tanzania and Guiana. I picked up some ground in the south island of New Zealand that looked interesting but sold it to another company. I have mined alluvials. I know the costs and all the associated problems. I know many of the people in the industry.

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Disclosure: I own shares of NSRPF.

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