Novo Resources (TSX:NVO, ASX:NVO) is preparing a 2,700-metre reverse circulation drilling program at its Tibooburra Gold Project in New South Wales, with drilling at the Clone prospect expected to begin in early November to follow up high-grade gold shoots. At Egina in Western Australia, the company is reviewing geological data after Northern Star Resources withdrew from the earn-in, looking for Hemi-style targets around the Millindinna Intrusive Suite, with an update expected in December. Other plans include a first RC drilling campaign at Teichman in the first half of 2027, aircore drilling at Wyloo in 2027, and a potential 2,500-metre diamond program at Belltopper in the first half of 2027. At September 30, Novo held A$8.5 million in cash and about A$38.1 million in investments, the largest being a 2.39% interest in San Cristobal Mining Inc valued at about A$36.2 million.
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