Dec 9 (Reuters) - Independence Group NL IGO.AX :
* Nova project update IGO.AX
* Says Nova project remains on time and on budget
* Says development of the Nova project remains on schedule and on budget, with first concentrate production expected in December 2016
* Says expected capital expenditure to production of first concentrate remains at $443M
* Says construction, as at 30 November 2015, is 56% complete
* Says project continues to be de-risked with the completion of multiple critical path items
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