Novo buys Artemis’ licences, dissolves JV

Canadian explorer Novo Resources, which started a gold rush in Western Australia, has announced plans to consolidate its mineral property holdings in the Karratha region by buying licences from its joint venture (JV) partner, Artemis Resources. The company will be acquiring a 100% interest in exploration licences E47/1745 (Purdy’s Reward) and E47/3443 (47K). The remaining Novo-Artemis JVs will be dissolved.