Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (August 2025)
32 slides from Novo Resources's investor presentation, August 2025
Slide 1: Discovery Driven Australian Explorer
DISCOVERY DRIVEN AUSTRALIAN EXPLORER Focused on discovery of standalone gold and copper projects August 2025 ASX: NVO TSX: NVO OTCQB: NSRPF www.novoresources.com
Slide 2: Cautionary Statement
Cautionary Statement Nature of this document: This presentation is of a summary form only and therefore contains general background has been rescinded. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of information about Novo Resources Corp (Novo or the C
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, Dja Dja Wurrung people, Malyangapa Group, Thalanyji Peo
Slide 4: Exploration Focused, Discovery Driven
Exploration Focused, Discovery Driven A diversified, high quality, gold Portfolio has mix of assets, from Dedicated project generation exploration and development Greenfields to Advanced program focused on identifying portfolio across leading mining Exploration, with prospectivity for advanced gold
Slide 5: Strategy Focused on Shareholder Value
Strategy Focused on Shareholder Value Priority One – High Risk, High Reward Focused discovery of standalone gold and copper projects that demonstrate > 1 Moz Au (equivalent) Strategy focused on optimal value accretion stages of discovery development potential. and development Priority Two – Quality
Slide 6: Strong Fundamentals for Gold & Copper
Strong Fundamentals for Gold & Copper Gold Spot Price (USD) • The gold spot price recently hit all-time highs $4,000 and is currently trading ~US$3,300 $3,500 • Since the start of 2024: • Gold price has increased by ~60% $3,000 • Copper price has increased by ~45% $2,500 • During times of strong inf
Slide 7: Corporate Structure and Experienced Leadership
Corporate Structure and Experienced Leadership Novo Current Top Shareholders % Dr. Quinton Hennigh Northern Star Ltd 10.0% Non-Executive Co-Chairman & Director Shares on Issue 355M Denver, CO, USA Market Capitalisation A$42M Liatam Mining Pty Ltd 6.2% Cash A$7M IMC (Singapore) 5.7% Mr. Michael Sprea
Slide 8: Quality Portfolio to Deliver Shareholder Value
Quality Portfolio to Deliver Shareholder Value Greenfields Advanced Greenfields Advanced Exploration Advanced Toolunga Resource Egina Gold Camp (EGC) Balla Balla Egina JV - Irvine John Bull Sherlock Crossing Sb-Au Egina JV - Lowe Tibooburra Karratha District Egina JV - Heckmair Belltopper Whundo Nth
Slide 9: Novo’s Enhanced Exploration Portfolio
Novo’s Enhanced Exploration Portfolio BALLA BALLA GOLD PROJECT Emerging project focused on complexities in the Sholl Shear Zone with AC drilling completed H1 2025 TIBOOBURRA GOLD PROJECT SHERLOCK CROSSING Manhattan Corp. Farm-in and JV High-grade gold and antimony with RC drilling completed in H1 20
Slide 10: NSW and Victoria Portfolio
NSW and Victoria Portfolio JOHN BULL GOLD PROJECT TechGen Metals Farm-In and JV Advanced exploration opportunity in the emerging New England Fold Belt of NSW TIBOOBURRA GOLD PROJECT Manhattan Corp. Farm-In and JV Advanced high-grade exploration opportunity covering the historic Albert Goldfield of N
Slide 11: John Bull Gold Project - NSW
John Bull Gold Project - NSW Positioned in an emerging province - New England Orogen of NSW. • Project area covers 32 sq km and includes two tenements owned by TechGen Metals (ASX: TG1) John Bull considered an advanced exploration opportunity with compelling historical results from surface sampling
Slide 12: John Bull Gold Project – Previous RC Drill Results
John Bull Gold Project – Previous RC Drill Results 17 RC drill holes completed for 2,249.5 m (2022 and 2023) with the deepest hole drilled to 146.5 m, effectively testing to only 120 m vertical Only ~300 m of the 1.5 km long gold-in-soil anomaly tested by drilling to date Peak results from four sect
Slide 13: Tibooburra Gold Project - NSW
Tibooburra Gold Project - NSW Located in northwest NSW, Tibooburra covers much of the historic Albert Goldfield*. • Project area over ~ 630 sq km and includes six granted exploration licenses owned by Manhattan Corp. (ASX: MHC) Tibooburra considered a high-grade advanced exploration opportunity with
Slide 14: Belltopper Gold Project - Victoria
Belltopper Gold Project - Victoria 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 comparable to Fosterville* Diamond drilling i
Slide 15: Belltopper Gold Project - Exploration Target
Belltopper Gold Project - Exploration Target The Belltopper Exploration Target was released in September 2024 following completion of Novo’s diamond drilling programs and release of assay results Low case High case Metric (approximation) (approximation) Belltopper Exploration Target** range of 320 k
Slide 16: Large Landholding in Pilbara Province
Large Landholding in Pilbara Province ~5,200 sq km of highly prospective ground in the Pilbara provides Novo with exciting exploration and discovery potential; in addition, Novo has JV interests with Northern Star Resources Limited (ASX:NST) and SQM over ~ 1,780 sq km Northern Star is Novo’s new par
Slide 17: Egina Farm-In/JV – Northern Star Resources Ltd.
Egina Farm-In/JV – Northern Star Resources Ltd. Northern Star Resources Ltd. is Novo’s new exploration partner for the Becher Project and adjacent tenements at Egina following its acquisition of De Grey Mining • A$7 million minimum expenditure commitment, mostly on the Becher Project, completed in 2
Slide 18: Balla Balla Gold Project
Balla Balla Gold Project An early-stage exploration project generated by Novo and centered on the fertile Sholl Shear Zone and associated structures Prospective for intrusion related and structurally hosted gold mineralisation In April 2025, Novo completed a maiden AC program of 187 holes for 5,996
Slide 19: Pilbara Au-Sb Projects – Sherlock Crossing
Pilbara Au-Sb Projects – Sherlock Crossing The historic Sherlock Crossing (Clarke) antimony mine was discovered in 1906 and operated during 1907 to 1916 According to historic records, the mine initially produced 16 tonnes of dressed concentrate grading 53% Sb and 10.9 g/t Au to 72.9 g/t Au and in 19
Slide 20: Pilbara Au-Sb Projects – Southeast Wyloo
Pilbara Au-Sb Projects – Southeast Wyloo Early-stage exploration project generated by Novo in 2024 and ranked highly for antimony potential Initial reconnaissance rock chip sampling completed in mid-2023 yielded peak results of 387 g/t Ag, 2.4% Cu, 0.38% Sb, 0.52 g/t Au, 5.0% Pb and 1.6% Zn8 Two ~ 2
Slide 21: Toolunga Project - Onslow District
Toolunga Project - Onslow District Ground consolidation by Novo during 2024 secured a strategic position in the Onslow District including approximately 1,520 sq km: 1. Cane River Project: Potential JV on four Exploration Licence applications (once granted) totalling 890 sq km held by OD4 Rocklea 2.
Slide 22: Near Term Exploration Program
Near Term Exploration Program Novo is Dedicated to Continued Exploration Across its Gold Portfolio August 2025 September 2025 October 2025 Sherlock Drilling, Assaying, Crossing Interpretation Southeast Drilling, Assaying, Wyloo Interpretation Drilling, Assaying, John Bull Interpretation Novo Resourc
Slide 23: ESG Supports Strategy Delivery
ESG Supports Strategy Delivery 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 business: Operating with Integrity: We believe strong co
Slide 24: Exploration Focused, Discovery Driven
Exploration Focused, Discovery Driven Exploration portfolio has mix of assets, from Greenfields to Advanced Exploration, with prospectivity for standalone projects of > 1 Moz Au (equivalent) development potential Strong balance sheet with cash of ~A$7 million (C$6 million) and investments of ~A$34 m
Slide 25: Additional Information
ADDITIONAL INFORMATION Novo
Slide 26: Investment Portfolio
Investment Portfolio Novo’s balance sheet is Ticker Number of Novo Value Value shares held interest A$'000 C$'000 supplemented by a A$34 million (C$30 million) investment ASX-listed shares* portfolio of shares in ASX-listed Kalamazoo Resources Limited KZR 10,000,000 4.56% $900 $805 and unlisted comp
Slide 27: NSW Projects Farm-In/JV Transaction Summary
NSW Projects Farm-In/JV Transaction Summary New England Albert Goldfields John Bull Gold Project1 Tibooburra Gold Project1 Counter party TechGen Metals Ltd Manhattan Corporation Ltd TechGen NSW Pty Ltd Awati Resources Pty Ltd Andrew Sloot Type Farm – in agreement Farm – in agreement Initial payment
Slide 28: Endnotes - Novo News Releases
Endnotes - Novo News Releases Date Released to ASX Date Release to TSX Description 1 13 December 2024 13 December 2024 Novo Strengthens portfolio with two High-Grade projects in NSW, Australia 2 09 July 2025 08 July 2025 High-grade results from RC Drilling at Tibooburra Gold Project 3 02 April 2025
Slide 29: Cautionary Statement De Grey Mining Information
Cautionary Statement De Grey Mining (ASX : DEG) Information Subsequently acquired by Northern Star (ASX: NST) De Grey Hemi and Regional Global Mineral Resource Estimate details are reported below. Refer to De Grey’s ASX announcements, including its announcement dated 14 November 2024, for further de
Slide 30: JORC Compliance Statements
JORC Compliance Statements Previous Exploration Results The information in this news release that relates to previously reported exploration results at Novo’s projects is extracted from each of the Novo announcements referred to in endnotes 1-3 and 6-8, each of which were released to ASX and each of
Slide 31: References
References See the following for source documents in relation to the historical gold production figures (refer slide 13) for Bendigo, Fosterville, Costerfield, Castlemaine, Ballarat, Sunday Creek and Comet. • Wilson, C. J. L., Moore, D. H., Vollgger, S. A., & Madeley, H. E. (2020). Structural evolut
Slide 32: Contact
NORTH AMERICA CONTACT: AUSTRALIA CONTACT: Telephone: +1-416-543-3120 Telephone: +61-419-329-687 Email: leo@novoresources.com Email: mike.spreadborough@novoresources.com www.novoresources.com ASX: NVO / TSX: NVO / OTCQB: NSRPF