Mining

The deepest results came from the Main Hill area, outside the current resource. One hole returned 68 metres at 1.00 grams per tonne gold from 347 metres, including 15 metres at 2.56 g/t from 357 metres. Another interval of 44 metres at 1.00 g/t …

With Cross Fault included, the total mineral resource for Mulgabbie North is now about 294,000 ounces of gold, a combined total across the project's deposits. Chief executive and managing director Andrew Pumphrey described the result as an "encouraging increase" for the project.

The project sits on mining lease M25/369, about 65 kilometres south-east of Kalgoorlie. It holds a JORC 2012 mineral resource estimate of 1.38 million tonnes grading 1.14 grams per tonne gold for about 50,300 ounces.

The plant was previously operated by Agnico Eagle at Hope Bay and includes crushing, grinding, gravity, flotation and leaching circuits. Nova has separately acquired a Steinert ore sorter. Chief executive Christopher Gerteisen called the capacity confirmation "a significant milestone" for the company.

Both subsidiaries have administrators in place and are also subject to the appointment of receivers and managers. The administrators are Richard Tucker and Jared Palandri of KordaMentha. According to Matsa, they said they needed more time to properly evaluate the new proposal before creditors …

Hole OTRC007 returned 5 metres at 7.78 g/t gold from 184 metres, including 2 metres at 18.2 g/t gold. Higher in the same hole, it also intersected 2 metres at 4.04 g/t gold from 144 metres, including 1 metre at 5.79 g/t gold. The …

The standout result reported came from hole FRE042, which returned 10 metres at 9.61 grams per tonne gold equivalent from 526 metres, including 4 metres at 19.91 g/t gold equivalent. Other intercepts included 9 metres at 8.05 g/t from 105 metres in FRE038, with …