Saturday 26 May 2012

Nova Resources NOVA.LN Shares Soar on Truck Contract Commencement


Commencement of Mongolian Trucking Operations


Nova is pleased to announce that Nova Trans LLC shall commence trucking operations on 5 June 2012.

Nova Trans LLC has initially purchased 16 vehicles, each comprising a truck and two trailers and will commence its trucking operations with these vehicles pursuant to the coal transportation services contract with Transgobi LLC. It expects that the fleet of vehicles will be increased over time. Nova will make announcements in relation to this as and when appropriate.

Nova is also pleased to announce that the construction of the temporary workers camp has been completed.


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.