NVO completed 2QFY25 with a number of new project acquisitions as well as further rationalisation of its extensive WA tenement portfolio. The addition of the John Bull and Tibooburra Projects into NVO’s portfolio gives it a significant footprint in NSW in addition to its Belltopper project in Victoria and its extensive exploration portfolio in the Pilbara. During the quarter NVO sold 38% of its shareholding in privately owned San Cristobal Mining which generated gross proceeds of A$11.5m. NVO ended 2QFY25 with a cash position of A$12.1m.
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