Novo Resources wins near-unanimous shareholder backing for bold expansion plans
Novo Resources Corp., an Australian gold explorer listed on the ASX and TSX, has secured strong shareholder support at its latest annual general meeting. All proposed resolutions passed with overwhelming approval. The company continues to expand its portfolio, adding new projects while maintaining a focus on large-scale gold and copper discoveries in Western Australia. Shareholders at Novo Resources Corp. backed all resolutions during the recent annual general meeting. Director nominees received near-unanimous support, with Quinton Hennigh securing 97.78% of votes in favour and just 2.22% withheld. Karen O’Neill achieved 98.13% approval, while Michael Spreadborough and Greg Jones received 97.348% and 98.152% support, respectively.
The company holds a vast land package in the Pilbara region, covering around 4,160 square kilometres. Its primary goal remains the discovery of standalone gold and copper projects, each with the potential to yield over one million ounces of gold. Beyond precious metals, Novo has also entered a lithium joint venture with SQM in the Pilbara, broadening its exposure to battery metals. Expanding further, Novo recently added the Tibooburra Gold Project in New South Wales to its portfolio. This acquisition follows its ongoing strategy to diversify and strengthen its asset base across Australia.
With all resolutions approved and new projects in development, Novo Resources Corp. moves forward with a clear mandate from shareholders. The company’s focus on high-potential gold and copper discoveries, alongside its lithium partnership, positions it for continued growth in Australia’s mining sector. Its expanded land holdings and strategic acquisitions further reinforce its exploration ambitions.
