Novo Resources Corp. · TSX:NVO
Novo Resources — Corporate Update (June 2023)
24 slides from Novo Resources's corporate update, Jun 22, 2023
Slide 1: De Grey Cornerstone Investment & Joint Venture
DE GREY CORNERSTONE INVESTMENT & JOINT VENTURE Exploration focused, Discovery Driven Corporate Update 22 JUNE 2023 TSX: NVO / OTCQX: NSRPF 1
Slide 2: Cautionary Statement
Cautionary Statement No Offer or Solicitation Cautionary Note Concerning Technical Disclosure and U.S. Securities Laws This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities. It does not purport to contain all of the This presentation has been prep
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, and the Dja Dja Wurrung people. We recognize their uniq
Slide 4: De Grey Cornerstone Investment & Joint Venture
EGINA JOINT VENTURE De Grey Cornerstone Investment & Joint Venture • • • • • • Novo's Egina JV tenure, showing the Becher Area, in proximity to De Grey’s Mallina Gold Project 1. De Grey has reported that its Hemi deposit at the Mallina Gold Project comprises Measured Mineral Resources of 4.7 Mt @ 1.
Slide 5: Novo is Driving Towards Discovery Success
EXPLORATION FOCUSED, DISCOVERY DRIVEN Novo is Driving Towards Discovery Success1 • Led by an experienced management and exploration team, with credentials required to make discoveries • Dedicated gold explorer focused on the discovery of standalone gold projects with > 1 Moz development potential •
Slide 6: 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 Listing1 Earn-in leading to Egina Highly prospective Strategy to dis
Slide 7: Dominant Pilbara Gold Landholding
EXPLORATION FOCUSED, DISCOVERY DRIVEN Dominant Pilbara Gold Landholding • ~10,500 sq km of highly prospective ground provides Novo with a unique and exciting exploration opportunity • Novo has completed an extensive amount of reconnaissance work and have identified targets for drilling in H2 2023 •
Slide 8: Becher Results Support Exciting Growth Potential
BECHER GOLD PROJECT Becher Results Support Exciting Growth Potential1 • Novo has completed over 50,000 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, def
Slide 9: Portfolio Strength Key to Shareholder Value
PORTFOLIO SUMMARY Portfolio Strength Key to Shareholder Value • Earn-in agreement with De Grey to spend A$25 million on exploration within 4 years spend to form the EGINA JV Egina JV, focussing initially on the Becher Project area in the northern sector of the Egina Gold Camp1 With De Grey Mining in
Slide 10: Nunyerry North – Compelling New Gold Project
EGINA GOLD CAMP Nunyerry North1 – Compelling New Gold Project • High priority exploration target with potential to be 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 anomaly at
Slide 11: Balla Balla Project
WEST PILBARA PROJECT Balla Balla Project • Emerging exploration target area located in northern Pilbara • Over 1,200 km sq tenements already amassed across target area • Targeting interpreted fertile structural corridors under cover, centered on the Sholl shear corridor • Prospective for intrusion r
Slide 12: Belltopper Gold Project
VICTORIA Belltopper Gold Project • 100% ownership of the Malmsbury and Queens Projects1,2 (Belltopper Gold Project) • Belltopper, south of the Fosterville Mine, is located in the Bendigo Tectonic Zone, where over 60 Moz Au were produced historically • Geological mapping outlined a dense network of h
Slide 13: H2 2023 Discovery Plan
EXPLORATION FOCUSED, DISCOVERY DRIVEN H2 2023 Discovery Plan EGINA GOLD CAMP BALLA BALLA PROJECT BELLTOPPER PROJECT BECHER (De Grey Partnership)1 DATA ACQUISITION TARGETING • Novo identified a large approx. 5 sq • Review of geophysical and satellite • Integrated 3D geology and km area of anomalous g
Slide 14: Intention to Seek Dual Listing on ASX
PROPOSED ASX LISTING Intention to Seek Dual Listing on ASX • Novo has commenced a process to seek a dual listing on the ASX targeting Q3 20231 • Listing on the ASX expected to deliver the following potential benefits for Novo: • Enhance the profile of Novo across a broader mix of stakeholder groups
Slide 15: Systematic Approach to Project Generation
STRONG OUTLOOK Systematic Approach to Project Generation Seeking value accretive opportunities to grow long-term shareholder value Dedicated Focus on Systematic Dedicated use of Experienced resources devoted premium approach to advanced team who to portfolio Australian gold project generation geophy
Slide 16: Balance Sheet Supports Exploration Strategy
EXPLORATION FOCUSED, DISCOVERY DRIVEN Balance Sheet Supports Exploration Strategy1 Share Structure Pro Forma Shareholder Summary % Portfolio Valuation Shares Valuation Share price (May 30 ’23) TSX:NVO (C$) $0.255 De Grey 11.6% E3D (unlisted) 2M common shares $17.7M Basic Shares Outstanding (M) 269.2
Slide 17: 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 18: The Right Building Blocks for Success
EXPLORATION FOCUSED, DISCOVERY DRIVEN The Right Building Blocks for Success All the ingredients to define standalone gold projects with De Grey recognises the potential Led by a strong and experienced > 1 Moz development potential of Becher Project1 management and exploration team • Tier-one corners
Slide 19: Additional Technical Information
ADDITIONAL TECHNICAL INFORMMATION 19
Slide 20: Battery Metal Portfolio Provides Additional Uplift
BATTERY METALS AND LITHIUM Battery Metal Portfolio Provides Additional Uplift • 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/silve
Slide 21: Nullagine Gold Project
MOSQUITO CREEK BASIN Nullagine Gold Project1,2 • Consists of the Mosquito Creek Basin, Beatons Creek Project and Golden Eagle Infrastructure • Indicated Mineral Resource of 3.05 million tonnes at 2.4 g/t Au for 234,000 oz Au • Inferred Mineral Resource of 0.83 million tonnes at 1.6 g/t Au for 42,000
Slide 22: New Exploration Approach to MCB Discovery
MOSQUITO CREEK BASIN New Exploration Approach to MCB Discovery1 • Novo controls over ~ 790 sq km of the highly prospective MCB • Primary focus on exploration across multiple > 100 koz gold targets • Exploration supported by access to Golden Eagle processing plant • Key targets generated from new bas
Slide 23: 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 Company’s news release dated Indicated 0.5 3,050,000 2.4 234,000 No
Slide 24: 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 TSX: NVO / OTCQX: NSRPF