The Novo Resources and Artemis Resources’ Pilbara conglomerate discovery has investors in a spin!
Optiro, represented by Geology Director Ian Glacken, has been working with Novo Resources at its Karratha Project for some months now. Optiro’s role is two-fold; organise and supervise the independent scrutineering of Novo’s sampling, and acting as external Qualified Person as required by Canadian Securities legislation (Novo is listed on the TSX-V exchange in Toronto).
The scrutineering, carried out by RSC under the guidance of Optiro, is designed to ensure and verify the sample ‘chain of custody’ and provide independent sign-off as to the integrity and security of the bulk samples being taken by Novo, which are currently being processed in Perth.
The Qualified Person role is to act as an independent reviewer and document the work being carried out by Novo and its consultants and contractors; this may at some point in the future involve the estimation of Mineral Resources, if that proves to be possible. It is still early days in the evolution of this project!
You can read more about this Novo Resources project in Australia’s Paydirt Dec 2017 – Jan 2018 publication – Volume 1, Issue 256.
The article is on Page 22 and is titled Community divided over Pilbara conglomerates.