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Home CompaniesNovo Resources Corp

Novo Resources Corp

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.059 AUD 0.00 ( 5.36%)
Last update at 2026-11-04T04:53:00Z
VOLUME
95620
Market Cap
25.52M

Momentum Score

…

Novo Resources Corp., together with its subsidiaries, evaluates, acquires, explores, and develops mineral properties in Australia. The company explores for gold and copper deposits. Its flagship project is the Becher Project which covers an area of approximately 20 square kilometers located in the northern sector of Egina Gold Camp, Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in West Perth, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.06
Low
0.06
High
52 Week Price Range
0.06
Low
0.24
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Novo Resources Corp is an Australian explorer focused on gold-bearing conglomerate and alluvial targets in the Pilbara region of Western Australia. Long-term growth drivers include successful resource delineation across a large land position, potential for bulk-minable economics, and exposure to higher gold prices, which may appeal to investors seeking exploration upside.

Key risks are exploration and development uncertainty for unconventional conglomerates, metallurgical and continuity challenges, reliance on external capital with dilution risk, and sensitivity to gold price and permitting outcomes.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.06
Dividend Yield
-
Revenue TTM
2.50M
Revenue Per Share
0.01
Gross Profit TTM
2.31M
Debt / Equity
-
ROE
-36.02%
Net Debt
-
ROCE
-46.86%
Diluted EPS TTM
-0.06

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2023-06-30 2022-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2023-06-30 2022-09-30
Income before tax -22.09M -22.64M -49.39M -106.63M -106.63M
Net income -22.39M -23.23M -127.81M -105.42M -105.42M
Selling general administrative 5.53M 8.02M 11.14M 14.77M 14.77M
Gross profit - - - -23.64M -23.64M
Reconciled depreciation 0.19M 1.38M 5.59M 25.84M 25.84M
Operating income -22.84M -20.05M -45.38M -75.17M -75.17M
Interest expense 1.19M 1.41M 0.38M 11.35M 11.35M
Tax provision 0.30M 0.59M -0.50M -1.21M -1.21M
Interest income 0.20M 0.35M -0.60M 0.97M 0.97M
Net interest income -0.99M -1.06M 0.33M -7.44M -7.44M
Extraordinary items - - -78.92M - -
Total revenue 0.00M 0.00M 0.00M 92.04M 92.04M
Total operating expenses 22.84M 20.05M 45.38M 167.21M 167.21M
Cost of revenue - - - 115.68M 115.68M
Total other income expense net 1.75M -1.53M -19.36M -24.02M -24.02M
Net income from continuing ops -22.39M -23.23M -48.89M -105.42M -105.42M
Net income applicable to common shares - - -127.81M - -
Breakdown 2025-09-30 2024-09-30 2023-09-30 2023-06-30 2022-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2023-06-30 2022-09-30
Total assets 61.35M 85.27M 106.45M 256.16M 256.16M
Total liab 15.14M 15.78M 21.53M 68.19M 68.19M
Total stockholder equity 46.20M 69.50M 84.92M 187.97M 187.97M
Common stock - 415.56M - - -
Capital stock 415.56M - 414.90M 396.82M 396.82M
Retained earnings -436.78M -346.07M -391.17M -263.35M -263.35M
Other assets - 0.10M - - -
Cash 7.62M 10.69M 11.61M 47.92M 47.92M
Total current liabilities 12.60M 4.36M 8.98M 22.73M 22.73M
Short term debt - 0.00M - - -
Property plant equipment - 41.80M - - -
Total current assets 8.66M 11.46M 23.86M 56.43M 56.43M
Long term investments 20.80M - 34.40M 20.70M 20.70M
Short term investments 0.12M 0.12M 0.15M 0.15M 0.15M
Net receivables 0.41M - - - -
Inventory - - 0.00M 4.64M 4.64M
Accounts payable 0.21M - 0.56M 1.74M 1.74M
Non currrent assets other 0.10M - 0.10M 0.10M 0.10M
Non current assets total 52.69M - 82.59M 199.73M 199.73M
Capital lease obligations 0.31M - 1.61M 6.60M 6.60M
Long term debt total - 0.31M - - -
Breakdown 2025-09-30 2024-09-30 2023-09-30 2023-06-30 2022-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2023-06-30 2022-09-30
Investments 9.02M - -1.47M 119.69M 119.69M
Total cashflows from investing activities - 19.69M -1.47M - 119.69M
Net borrowings -0.17M - - - -
Total cash from financing activities -0.17M -3.81M 12.83M -57.87M -57.87M
Net income -22.39M -22.64M -128.31M -105.42M -105.42M
Change in cash -3.26M -0.92M -36.31M 15.64M 15.64M
Begin period cash flow 10.69M - 47.92M 32.34M 32.34M
End period cash flow 7.62M - 11.61M 47.92M 47.92M
Total cash from operating activities -12.15M -16.73M -47.43M -46.19M -46.19M
Issuance of capital stock - - 17.15M 5.00M 5.00M
Depreciation 0.19M 1.38M 5.59M 25.84M 25.84M
Other cashflows from investing activities - 19.69M 0.22M - 125.17M
Change to inventory - - 4.55M 5.00M 5.00M
Sale purchase of stock - - 17.15M - 5.00M
Other cashflows from financing activities - -2.62M -1.00M - -0.27M
Capital expenditures 0.00M 0.00M 1.69M 5.48M 5.48M
Change in working capital -0.60M 0.12M -17.73M 1.22M 1.22M
Stock based compensation 0.00M - 1.39M 2.83M 2.83M
Other non cash items 0.88M - 10.49M 5.65M 5.65M
Free cash flow -12.15M - -49.13M -51.66M -51.66M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NVO
Novo Resources Corp		 0.00
5.36%		 0.06 - - 12.80 0.49 13.73 -0.88
NEM
Newmont Corporation		 -0.08
0.05%		 154.30 12.58 10.55 6.14 3.26 4.33 6.89
NST
Northern Star Resources Ltd		 -0.47
1.95%		 23.60 21.79 19.84 4.73 2.31 4.85 8.96
EVN
Evolution Mining Ltd		 -0.04
0.34%		 11.61 16.44 14.06 4.41 4.19 4.38 7.96
DPM
Dpm Metals Inc.		 0.29
0.58%		 50.58 11.04 9.83 8.55 2.79 5.90 8.95

Profile*

Novo Resources Corp

Novo Resources Corp., together with its subsidiaries, evaluates, acquires, explores, and develops mineral properties in Australia. The company explores for gold and copper deposits. Its flagship project is the Becher Project which covers an area of approximately 20 square kilometers located in the northern sector of Egina Gold Camp, Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in West Perth, Australia.

46 Ventnor Avenue, West Perth, WA, Australia, 6005

61 8 6400 6100

https://novoresources.com

Name Title Year Born
Mr. Steve Butler Chief Exec. Officer NA
Alison Crealy Chief Financial Officer NA
Mr. David James Franks B.Ec, BEc, CA, F Fin, JP. Company Sec. 1970
Mr. Michael John Spreadborough MBA Executive Co-Chairman & Acting CEO NA
Ms. Karen De Luca General Manager of Exploration NA
Ms. Elza van der Walt CFO & Joint Corporate Secretary NA
Ms. Lisa Smith General Counsel & Joint Corporate Secretary NA
Mr. Alwin van Roij Senior Exploration Geologist NA
Mr. Michael John Spreadborough MBA Executive Co-Chairman & Acting CEO NA
Ms. Karen De Luca General Manager of Exploration NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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