Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (November 2025)
36 slides from Novo Resources's investor presentation, November 2025
Slide 1: Discovery Driven Australian Explorer
DISCOVERY DRIVEN AUSTRALIAN EXPLORER Focused on discovery of standalone gold and copper projects November 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Nature of this document: This presentation is of a summary form only and therefore contains general background has been rescinded.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 – Discovery Focus 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 – Development Foc
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 $5,000 of US$4,000 and is currently trading ~US$3,985 $4,500 • Since the start of 2024: $4,000 • Gold price has increased by ~94% $3,500 • Copper price has increased by ~28% $3,000 • During
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$58M Liatam Mining Pty Ltd 6.2% Cash A$11M IMC (Singapore) 5.7% Mr. Michael Spre
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) EGC - Teichman Egina JV - Irvine John Bull Sherlock Crossing Sb-Au Egina JV - Lowe Tibooburra Karratha District Egina JV - Heckmair Belltopper Whundo
Slide 9: Novo's Enhanced Exploration Portfolio
Novo’s Enhanced Exploration Portfolio BALLA BALLA GOLD PROJECT Emerging project focused on the Sholl Shear Zone with AC drilling completed H1 2025 TIBOOBURRA GOLD PROJECT SHERLOCK CROSSING Manhattan Corp. Farm-in and JV RC drilling completed at the high- with RC drilling completed in H1 2025 grade A
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) • Multiple mineralised trends identified with historic workings delineat
Slide 14: Tibooburra Gold Project
Tibooburra Gold Project Recent Reconnaissance Programs Recent mapping at multiple prospects across Tibooburra, down-hole televiewer and acoustic surveys at Clone and re-logging core from Pioneer and New Bendigo, have significantly advanced geological understanding of this gold system, confirming sha
Slide 15: Tibooburra Gold Project
Tibooburra Gold Project Clone and Pioneer Targets Clone Target Newly derived data from downhole televiewer surveys coupled with mapping and sampling, and results from maiden RC drilling at Clone, indicate a shallow NNW plunging shoot open at depth Long section interpretation showing the Southern Pio
Slide 16: 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 17: 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 18: Large Landholding in Pilbara and Onslow Districts
Large Landholding in Pilbara and Onslow Districts ~ 6,800 sq km of highly prospective ground in the Pilbara and Onslow District provides Novo with exciting exploration and discovery potential; in addition, Novo has JV interests with Northern Star and SQM over ~ 1,780 sq km Northern Star is Novo’s pa
Slide 19: Pilbara Portfolio – Egina JV
Pilbara Portfolio – Egina JV Egina Farm-In/JV – Northern Star Resources Ltd. Partnered with Northern Star Resources Ltd. (ASX: NST) for the Becher Project and ~1,000 sq km prospective Mallina Basin tenure at Egina. • A$7 million minimum expenditure commitment, mostly on the Becher Project, completed
Slide 20: Pilbara Portfolio - Egina Gold Camp
Pilbara Portfolio - Egina Gold Camp Teichman Project The Teichman Project is located in the Egina Gold Camp directly to the south of the Novo-NST Egina Farm-in area, and forms part of a JV with the Creasy Group (30%) Permits were granted during September 2025 allowing field work in the Yandeyarra Re
Slide 21: Pilbara Portfolio - Egina Gold Camp
Pilbara Portfolio - Egina Gold Camp Teichman Project Mapping covered ~1.7 km trend at Pride, ~1.0 km trend at Teichman, and additional reconnaissance across Cu Anomaly and Mountain Maid prospects. 6 Novo Resources Corporate Presentation | November 2025 21
Slide 22: Pilbara Au-Sb Projects – Sherlock Crossing
Pilbara Au-Sb Projects – Sherlock Crossing Scout RC drilling was completed with 8 holes for 1,026 m testing high-grade Au-Sb from the historic Clarke Mine, discovered in 1906 and operated from 1907 to 1916. According to historic records, the mine initially produced 16 tonnes of dressed concentrate g
Slide 23: Pilbara Au-Sb Projects – Sherlock Crossing
Pilbara Au-Sb Projects – Sherlock Crossing The maiden RC program was completed with 8 holes for 1,026 m testing high-grade Au-Sb from the historic Clarke Mine. Peak results returned from drilling include: • 3 m @ 2.96 g/t Au and 1.86% Sb from 108 m in LCR0005 including 1 m @ 7.71 g/t Au and 4.77% Sb
Slide 24: 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% Zn9 Two ~ 2
Slide 25: 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 26: 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 27: 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 28: 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$11 million (C$10 million) and investments of ~A$37
Slide 29: Additional Information
ADDITIONAL INFORMATION Novo
Slide 30: Investment Portfolio
Investment Portfolio Novo’s balance sheet is Ticker Number of Novo Value Value shares held interest A$'000 C$'000 supplemented by a A$37 million (C$33 million) investment portfolio ASX-listed shares* of shares in ASX-listed and Kalamazoo Resources Limited KZR 10,000,000 4.14% $1,750 $1,605 unlisted
Slide 31: NSW Projects Farm-In/JV Transaction Summary
NSW Projects Farm-In/JV Transaction Summary New England Albert Goldfields John Bull Gold Project Tibooburra Gold Project Counter party TechGen Metals Ltd Manhattan Corporation Ltd TechGen NSW Pty Ltd Awati Resources Pty Ltd Andrew Sloot Type Farm – in agreement Farm – in agreement Initial payment A$
Slide 32: 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 06 November 20
Slide 33: 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 34: 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 6-10, each of which were released to ASX and each o
Slide 35: 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 36: 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
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