Novo Resources Corp. · TSX:NVO
Novo Resources — IPO Roadshow (August 2023)
26 slides from Novo Resources's IPO roadshow presentation, Aug 3, 2023
Slide 1: Dominant Pilbara Gold Explorer – IPO Opportunity
DOMINANT PILBARA GOLD EXPLORER – IPO OPPORTUNITY Exploration Focused, Discovery Driven ASX IPO Presentation 3 AUGUST 2023 TSX: NVO / OTCQX: NSRPF ASX IPO Presentation : 3 August 2023 www.novoresources.com
Slide 2: Cautionary Statement
Cautionary Statement This presentation has been prepared by Novo Resources Corp. (“Novo” or the “Company”) in relation to a proposed offer of new Chess Forward-Looking Statements Depository Interests (“CDIs”) in the Company under an Australian prospectus dated August 2, 2023 (“Prospectus”). The Pros
Slide 3: Cautionary Statement
Cautionary Statement Cautionary Note Concerning Technical Disclosure and U.S. Securities Laws This presentation has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, al
Slide 4: 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 5: 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 - targeting IPO in Q3 20231 • Advancing the identification of deposits with +1 Moz development potential
Slide 6: De Grey Cornerstone Investment & Joint Venture
EGINA JOINT VENTURE De Grey Cornerstone Investment & Joint Venture • +A$2B Western Australian gold developer De Grey Mining (ASX: DEG) 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 H
Slide 7: 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, with key targets ready for
Slide 8: ASX Dual-Listing Process Underway
PROPOSED ASX LISTING ASX Dual-Listing Process Underway • Dual listing process for the ASX has commenced, with prospectus filed and targeting IPO in Q3 20231 • ASX listing is expected to make it easier for Australian domiciled investors to gain exposure to Novo’s highly prospective gold exploration p
Slide 9: Novo Corporate Structure
EXPLORATION FOCUSED, DISCOVERY DRIVEN Novo Corporate Structure Novo Current (Pre-IPO) Offer2 Offer + Overs2 Portfolio Valuation Shares Valuation Offer Price1 A$0.20 A$0.20 A$0.20 E3D (unlisted) 2M common shares A$19.3M Shares on Issue 304.4M 324.5M 341.9M Kalamazoo Resources (ASX:KZR) 10M ordinary s
Slide 10: Equity Raising Overview
Equity Raising Overview • Novo is seeking to raise gross proceeds of A$4 million (approximately C$3.5 million) through the issue of 20 million Chess Depository Interests (“CDIs”) via an initial public offering and dual listing on the ASX Offer Structure • Ability to accept over-subscriptions to rais
Slide 11: IPO Funds Dedicated to Accelerated Exploration
IPO Funds Dedicated to Accelerated Exploration Novo to use IPO funds for targeted exploration across key, highly-prospective prospects over the next 12 months Offer Offer + Sources of Funds Overs A$m Egina Gold Camp Exploration - $2.0m - $4.5m A$m Drill testing high priority target at Nunyerry North
Slide 12: Indicative Offer Timetable
Indicative Offer Timetable Event Date Prospectus Date 2 August 2023 Opening Date of the Offer 10 August 2023 Closing Date of the Offer 1 September 2023 Settlement Date of the Offer 11 September 2023 Issue of CDIs and expected dispatch of holding statements and allotment confirmation advices 12 Septe
Slide 13: Exploration Portfolio Key to Shareholder Value
PORTFOLIO SUMMARY Exploration Portfolio Key to Shareholder Value • Earn-in agreement with De Grey to spend A$25 million on exploration within 4 years to form the Egina JV, EGINA JV focussing initially on Becher area in the northern sector of the Egina Gold Camp1 Partnering with De Grey • De Grey is
Slide 14: 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 • Novo identified high-priority • Review of geophysical and • Integrated 3D geology and • ~2,000 m RC drilli
Slide 15: Becher Results Support Exciting Growth Potential
BECHER GOLD PROJECT Becher Results Support Exciting Growth Potential1 • Novo completed over 60,000 m of aircore drilling at Becher, testing multiple, high-priority structural and intrusion-hosted gold targets • Drilling successfully generated significant gold and multi-element assay results, definin
Slide 16: 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 • Grid soil sampling completed in 2022 extended a coherent high order > 300 ppb gold anomaly to over 1.4 km of strike • Second 1.2 km long soil anom
Slide 17: 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 18: Belltopper Gold Project
MALMSBURY AND QUEENS PROJECTS, VICTORIA Belltopper Gold Project • 100% ownership of Malmsbury and Queens Projects1,2 (Belltopper Gold Project) • Located south of the Fosterville Mine in the Bendigo Tectonic Zone, where over 60 Moz Au were produced historically • Geological mapping outlined a dense n
Slide 19: 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 20: 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 21: 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 22: 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$10m Highly prospective Strategy to disco
Slide 23: Additional Technical Information
ADDITIONAL TECHNICAL INFORMMATION
Slide 24: Beatons Creek Mineral Resource
MOSQUITO CREEK BASIN Beatons Creek Mineral Resource Table 1. Total Mineral Resources: optimized open pit oxide and fresh. Cut-off Grade Tonnes Grade Troy Ounces Au Classification (g/t Au) (t) (g/t Au) Reference should be made to the Indicated 0.5 3,050,000 2.4 234,000 Company’s news release dated No
Slide 25: Cautionary Statement De Grey Mining (ASX: DEG) 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 26: North America and Australia Contacts
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 TSX: NVO / OTCQX: NSRPF