Novo Resources Corp. · TSX:NVO
Novo Resources — Victoria Gold Mining and Exploration Forum 2024
18 slides from Novo Resources's conference presentation, Feb 20, 2024
Slide 1: Exploration Focussed – Discovery Driven
EXPLORATION FOCUSSED – DISCOVERY DRIVEN PROGRESSING EXPLORATION AT THE BELLTOPPER GOLD PROJECT, VICTORIA Victoria Gold Mining and Exploration Forum 20 FEBRUARY 2024 ASX: NVO / TSX: NVO / OTCQX: NSRPF Corporate Presentation: 22 December 2023 www.novoresources.com
Slide 2: 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 3: Cautionary Statement
Cautionary Statement Nature of this document: This presentation is of a summary form only and therefore contains general background replace the historical disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which information about Novo Resources Corp (Novo or t
Slide 4: Seeking the Next Major Discovery
EXPLORATION FOCUSED - DISCOVERY DRIVEN Seeking the Next Major Discovery • Leading gold explorer focused on the delivery of deposits with +1 Moz development potential. • Exploration assets in Victoria at the Belltopper Gold Project, south of Fosterville1 in the Bendigo Tectonic Zone, a region with hi
Slide 5: Novo Corporate Structure
Novo Corporate Structure Novo Current Shares on Issue 353M Substantial Shareholders2 % Market Capitalisation A$65M De Grey Mining Ltd 9.9% Cash1 A$21M Liatam Mining Pty Ltd 6.2% Marketable Securities A$30.3M IMC (Singapore) 5.8% Debt - Mark Creasy/Creasy Group 4.4% Enterprise Value A$14M First Senti
Slide 6: 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. O
Slide 7: Belltopper Gold Project
VICTORIA EXPLORATION Belltopper Gold Project1 • Central Victorian Goldfields, Bendigo Tectonic Zone, where over 60 Moz Au has been produced historically • ~50 km south of Agnico Eagle’s Fosterville Gold Mine • 100% owned by Novo after acquiring remaining 50% interests in the Malmsbury and Queens Pro
Slide 8: Project Geology
BELLTOPPER GOLD PROJECT Project Geology • Bendigo Tectonic Zone (well endowed with gold) • Fosterville gold mine; Bendigo, Ballarat & Castlemaine Goldfields1 • Folded, Ordovician Sediments (Castlemaine Group) • Sandstone, siltstone, shale & granulestone • Gold bearing late-Devonian porphyritic intru
Slide 9: Belltopper Local Geology
BELLTOPPER GOLD PROJECT Belltopper Local Geology Victoria Gold Mining & Exploration Forum : February 2024 9
Slide 10: Recent Exploration – H2 2023/H1 2024
BELLTOPPER GOLD PROJECT Recent Exploration – H2 2023/H1 2024 • Synthesised all exploration data • Updated geology, structural framework & prospectivity models • Completed a detailed targeting exercise • Engaged specialists (structure, geophysics, geochemistry) • Drill hole planning & permitting • Cu
Slide 11: Current Program Objectives
BELLTOPPER GOLD PROJECT Current Program Objectives • Test key target anticline corridors • Fosterville – style1 mineralisation potential • Anticline – reef / fault intersections • Test highest tenor IP chargeability anomalies • Test best surface and sub-surface zones of anomalous geochemistry • Test
Slide 12: BTD001 to BTD003 (Assays Pending)
BELLTOPPER GOLD PROJECT BTD001 to BTD003 (Assays Pending) • Visual indications in BTD001 for Leven Star zone intersected up to 110 m down-dip of MD16 • Structurally thickened – Developing shoot potential • Narrow fault breccia in BTD003 correlate with Butcher’s Gully target • Implications for target
Slide 13: Leven Star – BTD001 (Assays Pending)
BELLTOPPER GOLD PROJECT Leven Star – BTD001 (Assays Pending) • Modelled down-dip gold mineralized zones from MD16 correlate with breccia, quartz veining and intense sericite alteration in BTD001 consistent with Leven Star mineralisation Victoria Gold Mining & Exploration Forum : February 2024 13
Slide 14: Belltopper North - BTD002 (Assays Pending)
C C’ BELLTOPPER GOLD PROJECT Belltopper North - BTD002 (Assays Pending) • Potential new structure – Welcome Fault • ~ 5 m zone of intensely altered sediments • Intersection of wide zone alteration ca. 100m (Hanover Fault?) • Concept of stacked, mod-steep NE-dipping reefs consistent with previous wor
Slide 15: 2024 Exploration Focus
BELLTOPPER GOLD PROJECT 2024 Exploration Focus • Complete current diamond drilling program • Key IP chargeability and strongest geochemical anomalies remain to be drill tested • Assays to be reported throughout H1, 2024 • Historic core re-logging & assaying: • Key under-sampled holes in target areas
Slide 16: Access & Community Engagement
BELLTOPPER GOLD PROJECT Access & Community Engagement • Unique challenges but opportunities for positive engagement • Active in the community & a strong desire to build and foster good relationships with key stakeholders • Uptick in new access agreements with several landowners • Recent new work pla
Slide 17: Key Take Home Message
BELLTOPPER GOLD PROJECT Key Take Home Message • Focused on completing current diamond program safely, efficiently and in-line with Novo’s strong ESG principals • Positive response from key stakeholders and the community around current exploration • Drilling is providing strong validation of the geol
Slide 18: North America and Australia 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
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