Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (October 2024)
31 slides from Novo Resources's investor presentation, Oct 2, 2024
Slide 1: Reissue of October Corporate Presentation
2 October 2024 REISSUE OF OCTOBER CORPORATE PRESENTATION The Corporate Presentation dated 2 October 2024 didn’t include the required proximate and equally prominent cautionary statement following references to the Belltopper Exploration Target. The presentation has been amended to include this state
Slide 2: Leading Gold Explorer – Corporate Presentation
LEADING GOLD EXPLORER For personal use only Exploration Focused - Discovery Driven Corporate Presentation 1 October 2024 ASX: NVO / TSX: NVO / OTCQX: NSRPF www.novoresources.com
Slide 3: Cautionary Statement
Cautionary Statement Nature of this document: This presentation is of a summary form only and therefore contains general background information similar” to the corresponding CIM Definition Standards, there are differences in the definitions under the SEC Modernization about Novo Resources Corp (Novo
Slide 4: Acknowledgement of Country
Acknowledgement of Country We acknowledge the Traditional Owners of the land upon which we For personal use only operate; the Palyku, Nyamal, Kariyarra, Ngarluma, Yinhawangka, Yindjibarndi, Yaburara and Mardudhunera, Puutu Kunti Kurrama people, the Pinikura peoples, and the Dja Dja Wurrung people. W
Slide 5: Exploration Focused – Discovery Driven
Exploration Focused – Discovery Driven Strong balance sheet, cash of A$11.7M (C$10.7M), and investments of ~A$46.2M (C$42.1M)* For personal use only Established growth strategy focused on discovering standalone gold projects with > 1 Moz development potential Diverse and exciting portfolio of gold e
Slide 6: Fundamentals for Gold Have Never Been Stronger
Fundamentals for Gold Have Never Been Stronger • The price and fundamentals of gold continue to Gold Spot Price (USD) strengthen in 2024, with spot price hitting all-time $2,800 For personal use only highs and currently trading above US$2,650 $2,600 • Since the start of 2024, the gold price has incr
Slide 7: Focused on Delivering Shareholder Value
Focused on Delivering Shareholder Value June • De Grey Mining (ASX:DEG) commits to A$25 million 2023 Investment to Earn 50% in Egina Joint Venture For personal use only • De Grey Completes A$10 million Cornerstone Investment, becoming Novo’s largest shareholder1 September • ASX listing following ove
Slide 8: Portfolio Key to Shareholder Value
Portfolio Key to Shareholder Value EAST PILBARA Expanding exploration into the East Pilbara BALLA BALLA GOLD PROJECT Emerging project focused on the Sholl Shear Zone • Reconnaissance programs revisit porphyry and For personal use only intrusion related targets at Miralga • Fertile structural setting
Slide 9: Novo Corporate Structure
Novo Corporate Structure Novo Current Shares on Issue 355M Substantial Shareholdersc % For personal use only Market Capitalisation A$38.8M De Grey Mining Ltd 10.0% Casha A$11.7M Liatam Mining Pty Ltd 6.2% Marketable Securities A$46.2M IMC (Singapore) 5.7% Debt - Mark Creasy/Creasy Group 4.4% Enterpr
Slide 10: Experienced Board & Management Team
Experienced Board & Management Team For personal use only Dr. Quinton Hennigh Mr. Michael Spreadborough Non-Executive Co-Chairman & Director Executive Co-Chairman & Director Denver, CO, USA Perth, WA, Australia Mrs. Karen O’Neill Mr. Greg Jones Independent Director Independent Director Perth, WA, Au
Slide 11: ESG Supports Exploration Delivery
ESG Supports Exploration Delivery Novo is committed to delivering value to our stakeholders by operating in a For personal use only responsible and sustainable manner12. Our approach to sustainability is built around three key pillars, which integrate all aspects of our business: Operating with Inte
Slide 12: Compelling Gold Exploration Assets
COMPELLING GOLD EXPLORATION ASSETS For personal use only 11
Slide 13: Large Landholding in Leading Resources Province
Large Landholding in Leading Resources Province • ~6,000 sq km of highly prospective ground in the Pilbara provides Novo with unique and exciting gold exploration and discovery potential For personal use only • In the Egina JV > 36,000 m RC/AC drilling completed at Becher8 by De Grey to date in 2024
Slide 14: Egina Joint Venture with De Grey Mining
Egina Joint Venture with De Grey Mining • The Egina Gold Camp is a contiguous tenement package, covering a series of structurally complex, gold-fertile corridors, transecting the Mallina Basin For personal use only in the north and mafic / ultramafic sequences further south • +A$2.2 Billion Western
Slide 15: Becher Results Support Exciting Growth Potential
Becher Results Support Exciting Growth Potential • Gold-base metal trend identified in RC drilling at Heckmair, with Section Lowe ~ 8km E a significant zone of base metal-gold mineralisation in the two RC holes targeting the corridor For personal use only • The gold-base metal corridor trends WNW th
Slide 16: Southern Egina Gold Camp Prospectivity
Southern Egina Gold Camp Prospectivity • Nunyerry North is the first of numerous priority exploration targets that have been identified along the main structural corridors within the southern part of the Egina Gold Camp For personal use only • Exploration is progressing on conceptual gold targets al
Slide 17: Nunyerry North – A High-Grade Gold Opportunity
Nunyerry North – A High-Grade Gold Opportunity • High priority exploration target area For personal use only • Located ~35 km from a major regional road providing good long-term logistics infrastructure • 2023 Maiden RC program of 30 holes for 2,424 m tested approx. 200 m strike of high priority gol
Slide 18: Nunyerry North – RC Drilling Update
Nunyerry North – RC Drilling Update • Standout intercepts from the 2024 RC program include10: • 13 m at 2.68 g/t Au from 66 m, including 3 m at For personal use only 10.41 g/t Au from 66 m (NC046) • 11 m at 2.20 g/t Au from 84 m, including 1 m at 18.06 g/t Au from 86 m (NC046) • 17 m at 1.85 g/t Au
Slide 19: Egina Gold Camp & Balla Balla
Egina Gold Camp & Balla Balla • Evolving understanding of prospectivity at a district scale, based on For personal use only improved knowledge of structural setting, assessment of high resolution geophysical and satellite data, in-house geochemical data and historical research • Targeting interprete
Slide 20: Balla Balla Gold Project
Balla Balla Gold Project • Emerging exploration project, targeting interpreted fertile structural corridors under shallow cover, centered on the Sholl Shear corridor and associated structures For personal use only • Novo holds approximately 60 km of strike length at Balla Balla including a notable f
Slide 21: Karratha District – New Drill Targets Defined
Karratha District – New Drill Targets Defined • Recent exploration in the Karratha District has advanced several drill targets, including North Whundo, Railway Bore and East Well14 For personal use only • North Whundo is the primary target at Karratha, defined by a significant 1.2 km long Cu-Pd-Au a
Slide 22: Belltopper Gold Project
Belltopper Gold Project • Project located ~50 km south of Agnico Eagle’s Fosterville Gold Mine in the Bendigo Tectonic Zone, where over 60 Moz Au were produced historically • Belltopper displays characteristics of the epizonal orogenic gold For personal use only deposit class comparable to Fostervil
Slide 23: Belltopper Exploration Target
Belltopper Exploration Target • The Belltopper Exploration Target range of 320 koz to 570 koz Au2 was defined through geological modelling of priority target reefs following completion of 2024 drilling and the release of assay results. For personal use only • The Exploration Target* is based on seve
Slide 24: Battery Metals Upside Through Strategic JVs – Harding
Battery Metals Upside Through Strategic JVs • Battery Metals Joint Ventures provides shareholders with exciting exposure to battery metals exploration success For personal use only • Harding Battery Metals JV4 • Tenements proximal to Azure Minerals (ASX: AZS) Andover Lithium and Nickel Project and A
Slide 25: Battery Metals Upside Through Strategic JVs – Quartz Hill
Battery Metals Upside Through Strategic JVs • Quartz Hill JV6 • JV with Liatam Mining formed in addition to a $1.8 million investment • A second LCT pegmatite swarm was identified at Quartz Hill showing support for the exploration growth strategy West and The Gap with best surface results of: For pe
Slide 26: A Leading Australian Gold Explorer
A Leading Australian Gold Explorer Strong balance sheet, cash of A$11.7M (C$10.7M), and investments of ~A$46.2M (C$42.1M)* For personal use only Established growth strategy focused on discovering standalone gold projects with > 1 Moz development potential Diverse and exciting portfolio of gold explo
Slide 27: Additional Technical Information
ADDITIONAL TECHNICAL INFORMATION For personal use only Corporate Presentation – 1 October 2024 26
Slide 28: Investment Portfolio
Investment Portfolio Novo’s balance sheet is supplemented by a A$46.2 million (C$42.3 million) investment portfolio of shares in ASX-listed and unlisted companies across the resources and technology (3D printing) sectors For personal use only Number of Novo Value Value Ticker shares held interest A$
Slide 29: News Releases Referenced
News Releases as refer to: 1. 21 June 2023 – De Grey Invests $25M to earn 50% in Egina JV and Complete $10M cornerstone investment. 2. 25 September 2024 – Belltopper mineralisation modelling defines prospectivity. For personal use only 3. 11 September 2024 – Novo Dual lists on ASX following oversubs
Slide 30: Cautionary Statement
Cautionary Statement De Grey Mining (ASX : DEG) Information For personal use only De Grey has reported that, at the Mallina Gold Project, its (i) Mount Berghaus deposit is comprised of Indicated Mineral Resources of 1 Mt @ 1.7 g/t Au for 53 koz Au and Inferred Mineral Resources of 3.4 Mt @ 1.2 g/t A
Slide 31: Contacts
For personal use only NORTH AMERICA CONTACT: AUSTRALIA CONTACT: Telephone: +1-416-543-3120 Telephone: +61-419-329-687 E-mail: leo@novoresources.com E-mail: mike.spreadborough@novoresources.com www.novoresources.com ASX: NVO / TSX: NVO / OTCQX: NSRPF
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