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Novo signs interesting gold JV with Sumitomo

Gold exploration venture on ground in Pilbara

Michael Quinn
Sumitomo in JV with Novo Resources in Pilbara, Western Australia

Sumitomo in JV with Novo Resources in Pilbara, Western Australia

Sumitomo must spend a "minimum of $5 million per phase defined by a program and budget". However, the unusual part of the deal relates to any future decision by Sumitomo to discontinue with the venture....

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