Novo's Ann Tonight, page-125

This has been bugging me for awhile  the way the ARV/NOVO JV is written
Could this be why ...
gold which is not within conglomerate and/or
paleoplacer style mineralization  ... Cause if it's Primary GOLD  NOVO MISS OUT ??


Artemis has signed Definitive Agreements with Novo Resources Corp. (“ Novo
”), and pursuant to the
Definitive Agreements,
Novo
has satisfied its expenditure commitment, and earned in to
50% of gold
(and other minerals necessarily mined with gold) in conglomerate and/or paleoplacer style
mineralization in Artemis’ tenements within 100km of the City of Karratha, including at Purdy’s Reward
(“the
Gold Rights
”). The Gold Rights do not
include (i) gold disclosed in Artemis’ existing (at 18 May
2017) JORC compliant Resources and Reserves or (ii) gold which is not within conglomerate and/or
paleoplacer style mineralization or (iii) minerals other than gold. Artemis’ Mt Oscar tenement is
excluded from the Definitive Agreements..
.