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Novo Resources to start drilling at Wyloo and Pilbara gold projects after capital raise

Market News
07 Apr 2026
GlobeNewsWire
View Source
Bullish
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Novo Resources plans to begin drilling programs at its Wyloo Antimony Project and gold prospects in the Pilbara region following a recent capital raise. The initial 2,500-meter drill at Wyloo will test polymetallic veins and mineralization, while additional drilling at Cronus and Balla Balla gold projects will follow in the second quarter of 2026. These programs aim to explore promising targets identified through previous sampling and mapping, advancing Novo's exploration efforts in Western Australia. Further drilling at the Teichman Project is planned for the third quarter, pending approvals.

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