Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (August 2023)
24 slides from Novo Resources's investor presentation, Aug 28, 2023
Slide 1: Dominant Pilbara Gold Explorer
DOMINANT PILBARA GOLD EXPLORER Exploration Focused, Discovery Driven Corporate Presentation 28 AUGUST 2023 TSX: NVO / OTCQX: NSRPF Corporate Presentation: 28 August 2023 www.novoresources.com
Slide 2: Cautionary Statement
Cautionary Statement Summary Only changes in other factors affecting the forward-looking statements. If the Company updates any one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements
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 recognize their uniq
Slide 4: Seeking the Next Major Pilbara Discovery
EXPLORATION FOCUSED, DISCOVERY DRIVEN Seeking the Next Major Pilbara Discovery • Leading gold explorer focused on making the next major Pilbara gold discovery • ASX dual-listing process underway – A$7.5 million IPO fully subscribed and closed early - ASX trading anticipated to commence in early Sept
Slide 5: De Grey Cornerstone Investment & Joint Venture
EGINA JOINT VENTURE De Grey Cornerstone Investment & Joint Venture • +A$2B Western Australian gold developer De Grey Mining is a cornerstone investor and exploration partner for the highly prospective Becher Project and adjacent tenements • Becher is located only ~28 km WSW of De Grey’s Hemi deposit
Slide 6: Dominant Pilbara Landholding
EXPLORATION FOCUSED, DISCOVERY DRIVEN Dominant Pilbara Landholding • ~10,500 sq km of highly prospective ground provides Novo with a unique and exciting exploration opportunity • Novo completed extensive reconnaissance work to identify gold targets for drilling in H2 2023, along with defining key ta
Slide 7: ASX Dual-Listing Process Underway
PROPOSED ASX LISTING ASX Dual-Listing Process Underway • Dual listing process for the ASX well progressed, with A$7.5 million IPO offer period closed early and trading currently anticipated to commence in early September 20231 • ASX listing expected to make it easier for Australian domiciled investo
Slide 8: Novo Corporate Structure
PROPOSED ASX LISTING Novo Corporate Structure Novo Current (Pre-IPO) Offer + Overs2 Portfolio Valuation Shares Valuation Offer Price1 A$0.20 A$0.20 E3D (unlisted) 2M common shares A$19.7M Shares on Issue 304.4M 341.9M Kalamazoo Resources (ASX:KZR) 10M ordinary shares A$1.4M Market Capitalisation A$6
Slide 9: IPO Funds Dedicated to Accelerated Exploration
PROPOSED ASX LISTING IPO Funds Dedicated to Accelerated Exploration Novo to use IPO funds for targeted exploration across key, highly- Offer + Overs3 Sources of Funds prospective prospects over the next 12 months: A$m Existing Cash1 18.6 Egina Gold Camp Exploration - $4.5m Drill testing high priorit
Slide 10: Exploration Portfolio Key to Shareholder Value
PORTFOLIO SUMMARY Exploration Portfolio Key to Shareholder Value1 • De Grey is a cornerstone investor and exploration partner for the highly prospective Becher Project and EGINA JV adjacent tenements Partnering with De Grey • De Grey to invest up to A$25 million on exploration at Becher and adjacent
Slide 11: H2 2023 Discovery Plan
EXPLORATION FOCUSED, DISCOVERY DRIVEN H2 2023 Discovery Plan1 EGINA GOLD CAMP BALLA BALLA PROJECT BELLTOPPER PROJECT EAST PILBARA BECHER (De Grey JV)2 DATA ACQUISITION TARGETING DRILL PROGRAM • Earn-in leading to Egina JV • Review of geophysical and • Integrated 3D geology and • ~2,000 m RC drilling
Slide 12: De Grey to Commence Drilling at Becher
BECHER GOLD PROJECT De Grey to Commence Drilling at Becher1 • Future prospectivity and potential of Becher recognized by De Grey • The combined Egina JV and De Grey tenure forms a significant land position in the Mallina Basin covering approximately 2,500 sq km. • De Grey Mining Ltd (ASX:DEG) is pla
Slide 13: Nunyerry North – Compelling New Gold Project
EGINA GOLD CAMP Nunyerry North1,2 – Compelling New Gold Project • High priority exploration target, with potential to become a significant gold project • Total of 18 soil samples returned grades > 1 g/t Au, including 2.3 g/t Au, 2.13 g/t Au, 1.84 g/t Au and 1.59 g/t Au • Rock chip results delivered
Slide 14: Balla Balla Project
WEST PILBARA PROJECT Balla Balla Project • Located in northern Pilbara, Balla Balla is an emerging exploration target area, with over 1,200 km sq of tenure • Targeting interpreted fertile structural corridors under shallow cover, centered on the Sholl shear corridor and associated structures • Prosp
Slide 15: Belltopper Gold Project
BELLTOPPER GOLD PROJECT, VICTORIA Belltopper Gold Project1 • Project portfolio 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 deposit class
Slide 16: Nullagine Gold Project (NGP)
MOSQUITO CREEK BASIN Nullagine Gold Project (NGP)1,2 • NGP comprises the Mosquito Creek Basin (MCB), Beatons Creek Project and Golden Eagle Plant and Infrastructure (Golden Eagle) • Beatons Creek Indicated Mineral Resource of 3.05 million tonnes at 2.4 g/t Au for 234,000 oz Au • Inferred Mineral Res
Slide 17: Maximising Pilbara Battery Metals Portfolio Value
BATTERY METALS AND LITHIUM Maximising Pilbara Battery Metals Portfolio Value • Lithium Strategic Partnership with Liatam Mining Pty Ltd1 on the Quartz Hill Project (located south of MCB) • Novo retains a 20% interest in battery mineral rights, 100% interest in all other rights (including gold/silver
Slide 18: ESG Supports Exploration Delivery
EXPLORATION FOCUSED, DISCOVERY DRIVEN ESG Supports Exploration Delivery1 Novo is committed to delivering value to our stakeholders by operating in a responsible and sustainable manner. Our approach to sustainability is built around three key pillars, which integrate all aspects of our operations. Op
Slide 19: The Novo Value Proposition
EXPLORATION FOCUSED, DISCOVERY DRIVEN The Novo Value Proposition Driving towards exploration discovery across a high-quality project portfolio Tier-One Strategic Strength of Proposed ASX Dual Joint Venture1 Portfolio Strong Outlook Listing2 De Grey invested A$10 million Highly prospective Strategy t
Slide 20: Additional Technical Information
ADDITIONAL TECHNICAL INFORMATION
Slide 21: Beatons Creek Mineral Resource
Beatons Creek Mineral Resource Table 1. Total Mineral Resources: optimized open pit oxide and fresh. Cut-off Grade Tonnes Grade Troy Ounces Au Reference should be made to the Classification (g/t Au) (t) (g/t Au) Company’s news release dated November 2, 2022, as well as the Indicated 0.5 3,050,000 2.
Slide 22: Cautionary Statement De Grey Mining Information
Cautionary Statement De Grey Mining (ASX : DEG) Information 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 Au for 128 koz Au, (ii)
Slide 23: Notes
Notes Corporate Presentation: 28 August 2023
Slide 24: North America Contact
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