Novo Resources Corp. · TSX:NVO
Novo Resources — Corporate Update (May 2023)
28 slides from Novo Resources's corporate update, May 22, 2023
Slide 1: Exploration Focused, Discovery Driven: Corporate Update
EXPLORATION FOCUSED, DISCOVERY DRIVEN Unearthing the Pilbara’s next Gold Project Corporate Update Egina Gold Camp East Pilbara 22 MAY 2023 1 Mosquito y] Creek Basin Belltopper VICTORIA TSX: NVO / OTCQX: NSRPF
Slide 2: Cautionary Statement
Cautionary Statement No Offer or Solicitation ‘Thispresentation does not constitute an offer to sell ora solicitation of an offerto buy any securities It does not purport to contain allofthe information thata prospective investor may require and itis net intended to provide any legal,taxor investmen
Slide 3: Acknowledgement of Country
Acknowledgement of Country Novo 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
Slide 4: Exceptional Gold Exploration Portfolio
EXPLORATION FOCUSED, DISCOVERY DRIVEN NOVO Exceptional Gold Exploration Portfolio Strategy to define standalone gold projects with > 1 Moz potential Y Proven experienced exploration and technical team, with the credentials required to make discoveries and build out resources Egina Gold Camp Y Domina
Slide 5: Dominant Pilbara Gold Landholding
EXPLORATION FOCUSED, DISCOVERY DRIVEN Dominant Pilbara Gold Landholding + ~10,500 sq km of highly prospective ground ina well-endowed gold region + Exciting portfolio of exploration targets with high gold discovery potential + Pipeline of advanced targets for drilling in 2023, identified by reconnai
Slide 6: Egina Gold Camp
EGINA GOLD CAMP Novo Egina - The Next Gold Camp in The Pilbara’ + Becher (100% Novo) - most advanced and exciting prospect. Fi * Key to shareholder value uplift due to exceptional discovery potential * Early work at Becher hit all the right geological indicators for discovery success * 10,000 m AC d
Slide 7: Becher - Exploring for the Next Hemi Deposit
EGINA GOLD CAMP NOVO Becher - Exploring for the Next Hemi Deposit + Located ~28 km WSW of De Grey Tie ex00bome Mining's (ASX:DEG) 10.6 Moz Au (Jorc __/\ Weg Wi 2012)! Mallina Gold Project BS Malina iithnet [Lowe | * Major ENE trending gold-fertile ie structural corridor, along the Wohler Fault and I
Slide 8: Intrusion Related Targets Identified at Becher
EGINA GOLD CAMP Intrusion Related Targets Identified at Becher! Multi-element geochemical analyses in end-of-hole samples from 2022 AC program identified several hornblende diorite intrusions Chemically, these intrusions belong to a incko m@ magmatic suite known as 'sanukitoids;, \ 2m e039 9tau whic
Slide 9: Becher Program on the Pathway to Discovery
EGINA GOLD CAMP Novo Becher Program on the Pathway to Discovery T 628,000mE * 2023 AC drill program designed to infill standout results from drilling completed in 2022 * Geological interpretation completed using multi-element geochemistry in AC drilling, geophysical data sets * Gold and pathfinder e
Slide 10: Becher Exploration Uncovering New Gold Targets
EGINA GOLD CAMP Novo Becher Exploration Uncovering New Gold Targets! Early exploration programs have hit all the right indicators for discovery success. Best 2023 AC assay results to date: + 3m @ 5.23 g/t Au from 9m + 3m @ 2.93 g/t Au from 9m + 3m @ 2.08 g/t Au from 12 m * 9m @0O77 g/t Au from 6m +
Slide 11: Nunyerry North - Compelling New Gold Project
EGINA GOLD CAMP NOVO Nunyerry North! - Compelling New Gold Project * Exciting exploration target, with q significant gold project potential — rset [Shear Zone + Grid soil sampling completed in 2022 au(pot) extended a coherent high order > 300 ppb << gold anomaly to over 1.4 km of strike ed : 10.83 g
Slide 12: Drilling Underway at Bellary Dome
BELLARY DOME Drilling Underway at Bellary Dome . Bellary Dome is located ~10 km NE of regional Pilbara town, Paraburdoo and is accessed by good roads and infrastructure Catia Prospect is the primary target — located on a major shear zone, with complex structure, extensive alteration and numerous min
Slide 13: New Exploration Approach to MCB Discovery
MOSQUITO CREEK BASIN New Exploration Approach to MCB Discovery! 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 basin- wide
Slide 14: Belltopper Gold Project (Victoria)
BELLTOPPER GOLD PROJECT (VICTORIA) NOVO Malmsbury and Queens Projects ,, pe + Novo owns 100% of the Malmsbury and Queens eesti Projects! (Belltopper Gold Project), consolidation i completed on April 24, 2023 arose [> + Belltopper is located in the Bendigo Tectonic Zone, where over 60 Moz Au were pro
Slide 15: Value Through Discovery - Priority Areas
EXPLORATION FOCUSED, DISCOVERY DRIVEN NOVO Value Through Discovery - Priority Areas + Becher - targeting De Grey ‘Hemi’ deposit styles, high-priority targets defined and 20,000 m AC drill program underway. Significant assay results returned from initial 10,000 m AC program EGINA GOLD CAMP * Nunyerry
Slide 16: 2023 Discovery Plan
EXPLORATION FOCUSED, DISCOVERY DRIVEN 2023 Discovery Plan EGINA GOLD CAMP | BELLARY DOME i MOSQUITO CREEK BASIN HH BELLTOPPER PROJECT BECHER AREA * 20,000 m AC drilling underway on targets at Irvine, Heckmair, Lowe and Whillans NUNYERRY NORTH * Heritage survey planning to support drill program plann
Slide 17: Battery Metal Portfolio Provides Additional Uplift
BATTERY METALS AND LITHIUM NS ove Battery Metal Portfolio Provides Additional Uplift * Lithium Strategic Partnership with Liatam Mining Pty Ltd'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
Slide 18: Experienced & Proven Board & Management Team
EXPLORATION FOCUSED, DISCOVERY DRIVEN Novo Experienced & Proven Board & Management Team Dr. Quinton Hennigh Mr. Michael Spreadborough Executive Co-Chairman & Director { Non-Executive Co-Chairman & Director Denver, CO, USA Mr. Michael Barrett Lead Independent Director Perth, WA, Australia Mr. Ronan S
Slide 19: Share Structure
Share Structure Share Price (May 16 '23) TSX: NVO (C$) $0.260 Basic Shares Outstanding (M) 269.2 Kalamazoo Resources Stock Options (M) 6.95 (ASX:KZR) 10M ordinary shares Warrants (M) 30.5 $1.3 Fully Diluted Shares Outstanding (M) 306.7 E3D (unlisted) Market Cap (Basic) (C$M) $70.0 2M common shares C
Slide 20: ESG Supports Exploration Delivery
EXPLORATION FOCUSED, DISCOVERY DRIVEN ESG Supports Exploration 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 operations. Op
Slide 21: The Novo Proposition
EXPLORATION FOCUSED, DISCOVERY DRIVEN NOVO The Novo Proposition Gold focused explorer in Western Drill rigs spinning throughout Australia and Victoria, with a strategy 2023, with a strong pipeline of targeting standalone projects > 1M oz news flow Focused on aggressive ESG values provide the 7 a exp
Slide 22: Additional Technical Information
Slide 23: Golden Eagle Infrastructure
MOSQUITO CREEK BASIN NOVO Golden Eagle Infrastructure * Significant strategic value due to location, condition and expected life * Golden Eagle Plant comprises of: + 15 Mtpa nameplate capacity (historical operated at 1.8 Mtpa) conventional gold gravity/CIL processing facility * 4MW SAG mill * Infras
Slide 24: Beatons Creek Fresh Project
MOSQUITO CREEK BASIN NOVO Beatons Creek Fresh Project + Mineral Resource update released in November 2022! (2022 MRE): * 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 oz Au * 2022 MRE is b
Slide 25: Total Mineral Resources: optimized open pit oxide and fresh
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) Indicated 0.5 3,050,000 2.4 234,000 Inferred 0.5 830,000 1.6 42,000 Table 2. Optimized open pit oxide Mineral Resources. Cut-off Grade Tonnes Grade Tro
Slide 26: Notes
NOVO Notes Corporate Update : 22 May 2023 26
Slide 27: Notes
NOVO Notes Corporate Update : 22 May 2023 27
Slide 28: Contact
NOVO NORTH AMERICA CONTACT: AUSTRALIA CONTACT: Telephone: +1-416-543-3120 Telephone: +61-419-329-687 E-mail: leko@novoresources.com E-mail: mike.spreadborough@novoresources.com www.novoresources.com TSX: NVO / OTCQX: NSRPF