15 Apr 2013 07:00
Nova Resources Limited
("Nova" or the "Company")
Coal Transportation Contract
The Company wishes to announce that the coal transportation contract dated 14 February 2012 (the "Contract") between one of its investment subsidiaries, Nova Trans LLC, and Transgobi LLC is due to expire today. Under the terms of the Contract, the Contract may be extended by another year. The parties have been in negotiations in relation to extending the Contract but no final agreement has been reached at this time. The Company is also exploring other trucking opportunities. It will make an announcement when an agreement has been concluded, if at all.
About Nova Resources
Nova is a natural resources investment company that focuses on acquiring and developing businesses providing services and facilities to the natural resources industries, in particular exploration, mining and the extraction of resources. Through its 100% owned Mongolian subsidiary Nova Trans LLC, Nova is currently focused on the establishment of large volume road haulage coal transportation operations in Mongolia.
Enquiries:
Nova Resources Limited
Fook-Meng Chan, Chief Executive Officer
Tel: + 65 6236 2985
Daniel Stewart & Company Plc
(Nominated Adviser & Broker)
David Hart/James Felix (Nominated Adviser)
Martin Lampshire/Colin Rowbury (Broking)
Tel: + 44 (0) 20 7776 6550