Novo Resources Corp. · TSX:NVO
Novo Resources — Shareholder Meeting (June 2022)
24 slides from Novo Resources's shareholder meeting presentation, Jun 28, 2022
Slide 1: AGM Corporate Update
AGM Corporate Update Exploration Driving Growth 28 June 2022 TSX: NVO / OTCQX: NSRPF
Slide 2: Cautionary Statement
Cautionary Statement No Offer or Solicitation Cautionary Note Concerning Technical Disclosure and U.S. Securities Laws This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities. It does not purport to contain all of This presentation has been prepared
Slide 3: Acknowledgement of Country
Acknowledgement of Country We acknowledge the Traditional Owners of the land upon which we operate; the Palyku, Nyamal, Kariyarra, Ngarluma, Yinhawangka, Yindjibarndi, Yaburara and Mardudhunera, Puutu Kunti Kurrama people, the Pinikura peoples, and the Dja Dja Wurrung people. We recognise their uniq
Slide 4: Explorer, Developer, Producer
Explorer, Developer, Producer • Long-term strategy to become a ~250 koz/year gold producer through existing operations, exploration and other opportunities • Developing Phase Two Beatons Creek gold project (“Beatons Creek”) into a consistent 100 koz/year operation through mining of the Fresh mineral
Slide 5: Advancing Phase Two Operations at Beatons Creek
ADVANCING PHASE TWO OPERATIONS AT BEATONS CREEK 5
Slide 6: Beatons Creek Oxide Mining
Beatons Creek Oxide Mining1 • Mining and processing scheduled to end in Q3 2022 • Expected production totals 9 – 11 koz Au in Q3 2022, with drawdown of inventory expected to add an additional 1 koz Au in Q4 2022 • Once mining has ended, Novo will action a phased wind-down of operational activities,
Slide 7: Beatons Creek Fresh Mine Plan
Beatons Creek Fresh Mine Plan1 • 65% of Beatons Creek mineral resource is attributable to • Feasibility Study and resource extension drilling Fresh mineralization2 expected to de-risk project prior to FID • Phase Two operations expected to be supported by higher • Novo made its submission to the EPA
Slide 8: Beatons Creek Fresh Development Plan
Beatons Creek Fresh Development Plan1 KEY FOCUS Completion of Feasibility Study by mid Q4 2022 • Study progressing with key workstreams completed or underway • 2021 and 2022 resource drill results to be used in a mineral resource update, which will form the basis of the Feasibility Study • Grade con
Slide 9: Beatons Creek Fresh Mineral Resource Extension Plan
Beatons Creek Fresh Mineral Resource Extension Plan1 KEY FOCUS Drilling throughout H2 2022 and H1 2023 • Mineral resource definition drilling program commenced in late October 2021 and was accelerated in May 2022 with three RC drill rigs • H2 2022 expected expenditure is ~A$7 million • Drilling will
Slide 10: Growing NGP Beyond Beatons Creek
Growing NGP Beyond Beatons Creek • Growth strategy focused on extending production at NGP through Mosquito Creek Oxide and Sulphide potential • First Phase – Oxide Strategy: Targeting > 200 koz of Oxide mill feed to be delineated by end of 2024 for future production potential • Follow up RC drilling
Slide 11: Golden Eagle Processing Plant Ready for Rapid Re-Start
Golden Eagle Processing Plant Ready for Rapid Re-Start • Golden Eagle Plant has significant strategic value due to its location, condition and expected life • Infrastructure on site provides a rapid re-start for Phase Two Fresh operations, subject to approvals and FID1 • Golden Eagle Plant has demon
Slide 12: Exploration Driving Next Growth Phase
EXPLORATION DRIVING NEXT GROWTH PHASE 12
Slide 13: Aggressive Exploration Key to Shareholder Value
Aggressive Exploration Key to Shareholder Value1 • Strong shareholder value upside through premium 11,000 sq km Pilbara landholding, highly- prospective for gold and battery metals • Extensive and ongoing exploration campaigns planned throughout 2022 totalling ~A$18 million, supported by exploration
Slide 14: Egina Gold – Exploring for the Next Hemi Deposit
Egina Gold – Exploring for the Next Hemi Deposit1 • Primary focus on drill testing orogenic vein and intrusive targets, along strike from De Grey’s (ASX:DEG) Hemi deposit at Egina • Current Hemi mineral resource (JORC 2012) of 213 Mt @ 1.2 g/t Au for 8.5 Moz • Basement gold targets along with priori
Slide 15: Purdy's North Battery Metals – Right Place, Right Time
Purdy’s North Battery Metals – Right Place, Right Time1 • Purdy’s North (West Pilbara) is located immediately adjacent to Azure Minerals (ASX:AZS) Andover Ni-Cu Project, which has a maiden mineral resource (JORC 2012): 4.6 Mt @ 1.11% Ni, 0.47% Cu and 0.05% Co (1.41% NiEq) • Purdy’s North covers ~22.
Slide 16: Conglomerate Gold Exploration and Development
Conglomerate Gold Exploration and Development Comet Well – Purdy’s Reward • Test work has confirmed that strong upgrade ratios and recoveries from both low-grade and high-grade material can be achieved through the Steinert KSS 100F LIXT fine mechanical sorting unit in a single pass • Phase Three tri
Slide 17: Exploration Programs Accelerating Throughout 2022
Exploration Programs Accelerating Throughout 2022 Gold Orogenic and >36,000 m aircore drilling at Becher (Egina) in the Basement Targets structural corridor hosting De Grey’s Hemi Deposit Complete geophysical surveys and define targets Battery Metals for maiden drill program at Purdy’s North adjacen
Slide 18: Value Focused and Strategy Driven
VALUE FOCUSED AND STRATEGY DRIVEN 18
Slide 19: Novo is Committed to ESG Leadership
Novo is Committed to ESG Leadership Novo is committed to delivering value to our stakeholders by operating in a responsible and sustainable manner ✓ OPERATING ✓ BUILDING ✓ VALUING OUR WITH ENVIRONMENTAL PEOPLE AND INTEGRITY RESILIENCE COMMUNITIES ▪ Transparency & ▪ Biodiversity & ▪ Communities Discl
Slide 20: The Novo Proposition
The Novo Proposition Aggressive exploration expected to drive shareholder value with drilling campaigns throughout H2 2022 Detailed strategy in place to transition to Beatons Creek Phase Two mining1 and extending production at NGP through potential Mosquito Creek Oxide and Sulphide mineralization Pr
Slide 21: Dedicated Focus to Delivering Value
Dedicated Focus to Delivering Value Rapid adoption of innovative solutions “We embrace innovation to Embrace innovation to maximize opportunities and increase effectiveness and efficiency responsibly transform minerals for the benefit of our stakeholders” Transform Monetizing mineral inventory throu
Slide 22: Appendices
Novo APPENDICES
Slide 23: Appendix – Beatons Creek Mineral Resource
Appendix – Beatons Creek Mineral Resource Reference should be made to the Company’s news release dated March 31, 2021, as well as the technical report entitled “Preliminary Economic Assessment on the Beatons Creek Gold Project, Western Australia” with an effective date of February 5, 2021, which was
Slide 24: For More Information Contact
FOR MORE INFORMATION CONTACT: Telephone: 1-416-543-3120 E-mail: leo@novoresources.com www.novoresources.com TSX: NVO / OTCQX: NSRPF