How to buy Novo Resources Corp (NVO) Shares

Want to start buying NVO shares but not sure how? Follow the steps below to invest in Novo Resources Corp on the ASX.

1. Find a stock trading platform

To buy shares listed in Australia, you'll need to sign up with an investment platform that has access to the ASX. There are a number of share trading platforms in Australia, of which Stake is one.

2. Fund your account

Complete an application with your personal and financial details. Fund your investment account with a bank transfer, debit card or even Apple/Google pay.

3. Search for Novo Resources Corp ($NVO)

Find the share by company name or ticker symbol: $NVO. Do your own research to ensure it is the right investment product for your own circumstances. Consider seeking financial, legal and taxation advice before investing.

4. Choose an order type and buy NVO stock

Buy on any trading day with a market order or use a limit order to delay your purchase of NVO shares until it reaches your desired stock price. Look into dollar cost averaging to consider spreading out your risk, which smooths out buying at consistent intervals.

5. Monitor your investment

Optimise your portfolio by tracking how your stock and the business perform. You may be eligible for dividends and shareholder voting rights that affect your stock.

Novo Resources Corp overview

Novo Resources Corp ($NVO) is looking for gold in the Pilbara region of Western Australia (WA) and the Bendigo region of Victoria. 

Their first priority is exploring their WA assets and there are multiple areas of interests in their landholdings of around 10,500 km2. De Grey Mining ($DEG) is developing its Malina Gold Project in close proximity and has established a close relationship with Novo. 

De Grey is a significant shareholder in the firm and they have created a joint venture to explore the Egina Gold Camp location. They’re focused on assessing the potential for the Becher Project over the next 18 months. Novo will also complete studies at Nunyerry North Project in the Pilbara. 

They have identified targets and drilling could occur in late 2023 at these sites, with eventual further exploration activities possibly commencing in 2024 depending earlier results. The Balla Balla Project is at an earlier stage and could become the subject of a future drilling campaign depending on the outcomes of other potential projects and Novo’s financial status.

Novo also holds the Belltopper Project in Victoria. Gold mining has previously taken place around the locality and drilling to determine further geological information is expected to occur in late 2023. Information from the various drill campaigns will affect the share price and shape the future of the firm’s activities. 

The business is already listed in Canada and the U.S. as an OTC stock, but has decided to also list on the ASX as its suite of projects could interest Australian investors. Their assets are at an early stage and drillings results could be the first step towards seeing whether further development is viable.

Novo Resources Corp (NVO) IPO details

Novo Resources Corp has filed its prospectus with the Australian Securities and Investments Commission (ASIC) in order to be listed on the ASX using the ticker symbol NVO. Read more in the Novo Resources Corp prospectus and supplementary prospectus. 

You can take a look at the top shareholders in NVO in this document.

If you're considering investing in the Novo Resources Corp listing or other upcoming IPOs, sign up today.

This does not constitute financial advice nor a recommendation to invest in the securities listed. The information presented is intended to be of a factual nature only. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing.