Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (February 2025)
39 slides from Novo Resources's investor presentation, Feb 27, 2025
Slide 1: Enhanced Exploration Portfolio
ENHANCED EXPLORATION PORTFOLIO Focused on discovery of standalone gold and copper projects 27 February 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 information mineral resources” and “inferred mineral resources”. Investors are cautioned that while the above terms are “substantially about Novo Resources Corp (Novo o
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: Leading Australian Explorer
Leading Australian Explorer A diversified and advanced gold exploration and development portfolio, located across leading mining provinces in Australia Strong balance sheet with cash of ~A$12 million (C$11 million) and investments of ~A$44 million (C$39 million) Portfolio demonstrates prospectivity
Slide 5: Strong Fundamentals for Gold & Copper
Strong Fundamentals for Gold & Copper • The fundamentals for gold and copper continue to strengthen and over the past 12 months: Gold Price (USD) $3,500 • Gold price has increased by ~45% $3,000 • Copper price has increased by ~17.5% $2,500 • The gold spot price recently hit all-time highs and is cu
Slide 6: Novo Corporate Structure
Novo Corporate Structure Novo Current Substantial Shareholdersc % Shares on Issue 355M De Grey Mining Ltd 10.0% Market Capitalisation A$31.8M Liatam Mining Pty Ltd 6.2% Casha A$12M IMC (Singapore) 5.7% Liquid Marketable Securities* A$1M Mark Creasy/Creasy Group 4.4% Debt - Enterprise Value A$18.8M C
Slide 7: Experienced Board & Management Team
Experienced Board & Management Team Dr. Quinton Hennigh Mr. Michael Spreadborough Non-Executive Co-Chairman & Director Executive Co-Chairman & Director Denver, CO, USA Perth, WA, Australia Mrs. Karen O’Neill Mr. Greg Jones Independent Director Independent Director Perth, WA, Australia Sydney, NSW, A
Slide 8: Drill Ready Exploration Projects
Drill Ready Exploration Projects • Addition of three exciting gold exploration projects through Farm-In agreements (subject to meeting farm-in conditions) in Q4 2024 • Project additions enhance and complement Novo’s existing high-quality Pilbara (Western Australia) and Victoria exploration portfolio
Slide 9: Novo's Enhanced Exploration Portfolio
Novo’s Enhanced Exploration Portfolio BALLA BALLA GOLD PROJECT Emerging project focused on the Sholl Shear Zone ALBERT GOLDFIELDS • AC drilling in 2025 on structural targets across Manhattan Corp. JV - Tibooburra Project the under-explored Sholl Shear Corridor • Drill-ready high-grade gold targets a
Slide 10: A Strong Platform to Deliver on Growth Strategy
A Strong Platform to Deliver on Growth Strategy Greenfields Advanced Greenfields Advanced Exploration Advanced Resource Toolunga Egina Gold Camp Balla Balla Egina JV - Irvine John Bull Sherlock Crossing Sb-Au Egina JV - Lowe Tibooburra Karratha District Egina JV - Heckmair Belltopper Whundo Nth Munn
Slide 11: Enhanced Exploration Portfolio with New High-Grade Gold Projects
ENHANCED EXPLORATION PORTFOLIO WITH NEW HIGH-GRADE GOLD PROJECTS 11
Slide 12: Drill Ready, High-Grade Gold Exploration Projects
Drill Ready, High-Grade Gold Exploration Projects ONSLOW DISTRICT1 Toolunga Project - consolidated prospective 1,520 km sq landholding • Emerging district at the junction of major tectonic boundaries, with high prospectivity for large scale intrusion-related gold ALBERT GOLDFIELDS Manhattan Corp. JV
Slide 13: John Bull Gold Project
John Bull Gold Project Opportunity & Upside • Positioned in an emerging province - New England Orogen of NSW: • Located ~110 km NE of Larvotto Resources high-grade Hillgrove Au-Sb Mine • Project area covers 32 sq km and includes two tenements owned by TechGen Metals (ASX: TG1) • EL8389 (John Bull) •
Slide 14: John Bull Gold Project
John Bull Gold Project Historical Work • Historical workings comprise of 7 shafts and workings from mid 1880’s • A costean by Kennecott Australia in 1983 intersected 160 m @ 1.2 g/t Au incl. 5 m @ 18.0 g/t Au and 5 m @ 7.1 g/t Au2 • Soil sampling by TechGen highlighted an exceptionally high-order go
Slide 15: John Bull Gold Project
John Bull Gold Project Previous RC Drill Results • 17 RC drill holes completed for 2249.5 m (2022 and 2023) with the deepest hole completed to 146.5 m, effectively testing to only 120 m vertical • Only ~300 m of the 1.3 km long gold-in-soil anomaly tested by drilling to date • Peak results from 4 se
Slide 16: John Bull Gold Project
John Bull Gold Project Exploration Targets • Walk-up drill targets for immediate testing currently being finalised in the field • 12 targets considered for immediate drill testing include: • Directly down dip and along strike of significant intercepts from TechGen RC drilling • Untested IP geophysic
Slide 17: John Bull Gold Project
John Bull Gold Project Field Team On the Ground • Field work is advancing the geological understanding and controls on mineralisation to develop the upcoming drilling program • Current work program includes: • Detailed and regional mapping and rock chip sampling at the John Bull tenement • Soil samp
Slide 18: Tibooburra Gold Project
Tibooburra Gold Project Opportunity & Upside • Located in the Tibooburra District in northwest NSW, covering the historic Albert Goldfields • The Albert Goldfields lies on a unique and massive jog around the Tibooburra granite intrusions to the NE • Mineralisation occurs as narrow high-grade quartz
Slide 19: Tibooburra Gold Project
Tibooburra Gold Project Opportunity & Upside • Main targets in the Albert Goldfields occur at the bend in regional shears wrapping around the Tibooburra Intrusive Complex: • Mineralisation occurs as narrow high-grade quartz veins hosted in shale, within a highly folded and faulted domain • Multiple
Slide 20: Tibooburra Project
Tibooburra Project New Bendigo Prospect • Extensive historical workings over 2 km strike; Manhattan Corp. drilled over 530 m strike with multiple high-order intersections and defined an interpreted shallow plunge, open to the north and south. Peak results include: • 8 m @ 40.5 g/t Au from 70 m, incl
Slide 21: Tibooburra Project
Tibooburra Project Clone Prospect • Extensive historical workings over a ~450 m strike and to depths up to 25 m • Multiple parallel mineralised trends recognised and targeted, with highest density of historical workings up to 130 m in width • No exploration over ~10 km strike, except for minor drill
Slide 22: Tibooburra Project
Tibooburra Project Field Team On The Ground • Field work is advancing the geological understanding and controls on mineralisation to develop the upcoming drilling program • Current work program includes: • Detailed and regional mapping across several mineralised trends identified from desktop assess
Slide 23: Onslow District – Toolunga Project
Onslow District – Toolunga Project Opportunity & Upside • Ground consolidation by Novo secured a strategic position in the Onslow District including approximately 1,520 sq km: 1. Cane River Project: Potential JV on 4 Exploration Licence applications (once granted) totalling 890 sq km held by OD4 Roc
Slide 24: Onslow District
Onslow District Toolunga Project Targets • Large geophysical targets (gravity –mag) with geochemical support • Range N2 – Historic shaft sunk into a shear zone with peak rock chip samples of 3.1% Cu, 33% Pb and 125 ppm Ag – not drilled1 • Bullajacka Well - Historic Cu-Au occurrence with rock chip re
Slide 25: New High Grade Gold Projects Transaction Summary
New High Grade Gold Projects Transaction Summary New England Albert Goldfields Onslow District John Bull Gold Project2 Tibooburra Gold Project2 Toolunga Project1 Counter party TechGen Metals Ltd Manhattan Corporation Ltd Odette Geoscience Pty Ltd TechGen NSW Pty Ltd Awati Resources Pty Ltd OD4 Rockl
Slide 26: Exciting Pilbara (Western Australia) and Victoria Gold Projects
EXCITING PILBARA (WESTERN AUSTRALIA) AND VICTORIA GOLD PROJECTS 26
Slide 27: Large Landholding in Pilbara Resources Province
Large Landholding in Pilbara Resources Province • ~5,500 sq km of highly prospective ground in the Pilbara provides Novo with unique and exciting gold exploration and discovery potential • As part of the Egina JV, De Grey reached A$7M minimum spend by completing > 45,000 m of RC/AC drilling at Beche
Slide 28: Egina Joint Venture with De Grey Mining
Egina Joint Venture with De Grey Mining • +A$3.5 billion Western Australian gold developer De Grey Mining is a cornerstone investor and exploration partner for the Becher Project and adjacent tenements in the northern part of the Egina Gold Camp • De Grey completed its A$7 million minimum expenditur
Slide 29: Balla Balla Gold Project
Balla Balla Gold Project • Emerging exploration project, targeting interpreted fertile structural corridors under shallow cover, centered on the Sholl Shear corridor and associated structures • Novo holds ~ 60 km of strike length, including a notable flexure of the Sholl Shear Zone and several impor
Slide 30: Belltopper Gold Project
Belltopper Gold Project • 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* • Belltopper Exploration T
Slide 31: Delivering Shareholder Value
DELIVERING SHAREHOLDER VALUE 31
Slide 32: Delivering on Strategy and Building Value
Delivering on Strategy and Building Value June 2023 • De Grey Mining (ASX:DEG) commits to A$25 million Investment to earn-in 50% in Egina Joint Venture • De Grey Completes A$10 million Cornerstone Investment, becoming Novo’s largest shareholder6 September 2023 • ASX listing completed following overs
Slide 33: Focused on Delivering Shareholder Value
Focused on Delivering Shareholder Value Strong Gold Project and generation Globally Copper program Experienced Price targeting Team gold and copper projects Egina JV with leading ASX- Strong listed gold balance developer sheet De Grey EXPLORATION Mining FOCUSED DISCOVERY Targeted Well- DRIVEN drill
Slide 34: Additional Technical Information
ADDITIONAL TECHNICAL INFORMATION 34
Slide 35: Investment Portfolio
Investment Portfolio Novo’s balance sheet is supplemented by a A$37.9 million (C$34.6 million) investment portfolio of shares in ASX-listed and unlisted companies across the resources and technology sectors: Number of Novo Value Value Ticker shares held interest A$'000 C$'000 ASX-listed shares* Kala
Slide 36: Endnotes - Novo News Releases
Endnotes - Novo News Releases Date Released to ASX Date Release to TSX Description 1 11 December 2024 10 December 2024 Novo secures strategic land position in the Onslow District Western Australia 2 13 December 2024 16 December 2024 Novo Strengthens portfolio with two High-Grade projects in NSW, Aus
Slide 37: Cautionary Statement De Grey Mining Information
Cautionary Statement De Grey Mining (ASX : DEG) Information 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 details. No assurance can be given that a similar or
Slide 38: JORC Compliance Statements
JORC Compliance Statements The information in this presentation that relates to previously reported exploration results at Novo’s projects is extracted from each of the Novo announcements referred to in endnotes 1,2 and 5 above that were released to ASX, and which are available to view at www.asx.co
Slide 39: 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 / OTCQB: NSRPF
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