It's connected to all the Pilbara Conglomorate gold players. Investors were spooked by NOVO's comments that drill results to arrive at a grade estimation weren't what they'd hoped and said they were uncomfortable with this method or something to that effect. Possibly then shifting focus to trenching as a way to determine grade and amounts instead.
"Novo has decided it is uncomfortable with the product and its use as bulk sample material for grade estimation"
https://ceo.ca/@nasdaq/novo-provides-update-on-exploration-at-purdys-reward
... just my opinion.
Ann: Quarterly Activities Report, page-169
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