Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (November 2023)
27 slides from Novo Resources's investor presentation, Nov 14, 2023
Slide 1: Leading Pilbara Gold Explorer
LEADING PILBARA GOLD EXPLORER Exploration Focused - Discovery Driven Corporate Presentation 14 NOVEMBER 2023 ASX: NVO / TSX: NVO / OTCQX: NSRPF Corporate Presentation: 14 November 2023 www.novoresources.com
Slide 2: Cautionary Statement
Cautionary Statement Summary Only Cautionary Note Concerning Technical Disclosure and U.S. Securities Laws This presentation is of a summary form only and therefore contains general background information which may not be complete. It should This presentation has been prepared in accordance with the
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: Seeking the Next Major Pilbara Discovery
EXPLORATION FOCUSED - DISCOVERY DRIVEN Seeking the Next Major Pilbara Discovery • Leading gold explorer focused on the delivery of deposits with +1 Moz development potential • Compelling ~9,000 sq km Pilbara exploration portfolio, featuring the Becher and Nunyerry North Projects in the Egina Gold Ca
Slide 5: Extensive Pilbara Landholding
EXPLORATION FOCUSED - DISCOVERY DRIVEN Extensive Pilbara Landholding • ~9,000 sq km of highly prospective ground provides Novo with unique and exciting exploration potential • Extensive reconnaissance work by Novo identified key gold targets for drilling in H2 2023 and 2024, including Nunyerry North
Slide 6: ASX Dual-Listing Trading Commenced
ASX DUAL LISTING ASX Dual-Listing Trading Commenced • Trading on ASX commenced 11 September 20231, following a heavily oversubscribed A$7.5 million IPO offer • ASX listing expected to make it easier for Australian domiciled investors to gain exposure to Novo’s highly prospective gold portfolio • Lis
Slide 7: Novo Corporate Structure
ASX TRADING COMMENCED Novo Corporate Structure Novo Current Substantial Shareholders2 % Shares on Issue 341.9M De Grey Mining Ltd 10.3% Market Capitalisation A$57.9M IMC (Singapore) 6.0% Cash1 A$15.3M Mark Creasy/Creasy Group 4.5% Marketable Securities A$29.2 First Sentier Investors (Australia) IM 3
Slide 8: Experienced Board & Management Team
EXPLORATION FOCUSED - DISCOVERY DRIVEN 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 Mr. Michael Barrett Mr. Ross Hamilton Mr. Greg Jones Lead Independent Di
Slide 9: Exploration Portfolio Key to Shareholder Value
PORTFOLIO SUMMARY Exploration Portfolio Key to Shareholder Value1 • De Grey is a cornerstone investor and exploration partner for the Becher Project and adjacent tenements EGINA JV • De Grey to invest up to A$25 million on exploration at Becher and adjacent tenements within 4 years, to earn Partneri
Slide 10: De Grey Cornerstone Investment & Joint Venture
EGINA JOINT VENTURE De Grey Cornerstone Investment & Joint Venture • +A$2B Western Australian gold developer De Grey Mining (ASX: DEG) is a cornerstone investor and exploration partner for Novo’s highly prospective Becher Project and adjacent tenements • Becher is located in the northern Egina Gold
Slide 11: Becher Results Support Exciting Growth Potential
BECHER GOLD PROJECT Becher Results Support Exciting Growth Potential1 • Novo completed over 60,000 m of aircore drilling, testing multiple, high-priority structural and intrusion-hosted gold targets • Drilling successfully generated significant gold and multi-element assay results • Large priority a
Slide 12: De Grey Commences Drilling at Becher
EGINA GOLD CAMP De Grey Commences Drilling at Becher1 • Exciting exploration and development potential of Becher recognised by De Grey through Egina JV and committed financial investment into the Project • Egina JV comprises of Becher and adjacent tenements that cover ~1,000 sq km of existing Novo t
Slide 13: Southern Egina Gold Camp Prospectivity
EGINA GOLD CAMP Southern Egina Gold Camp Prospectivity • Nunyerry North is the first of numerous additional priority gold targets that have been identified along the main structural corridors within the southern part of the Egina Gold Camp1. • The southern portion of the Egina Gold Camp forms a cont
Slide 14: Nunyerry North – Compelling New Gold Project
EGINA GOLD CAMP Nunyerry North1 – Compelling New Gold Project • Compelling high priority exploration target with potential to become a significant gold project • Located ~35 km from a major regional road providing good long-term logistics infrastructure • Novo delineated a > 1.4 strike km of high te
Slide 15: Nunyerry North – RC Drilling Update
EGINA GOLD CAMP Nunyerry North1 – RC Drilling Update SECTION 590660E • ~50m wide zone of significant quartz-veining and lower order gold mineralisation • Indication of stacked or ladder mineralised vein system on this section - blind at surface • Main Lode #1 bifurcates into two zones – second lode
Slide 16: Balla Balla Gold Project
WEST PILBARA 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 • Over 1,200 sq km of tenements merged across a strike length of >100 km over target ar
Slide 17: Belltopper Gold Project
VICTORIA EXPLORATION Belltopper Gold Project1 • The Belltopper Gold Project is 100% owned by Novo after acquiring remaining 50% interests in the Malmsbury and Queens Projects in April 2023 • Project located ~50 km south of Agnico Eagle’s Fosterville Gold Mine in the Bendigo Tectonic Zone, where over
Slide 18: Belltopper Gold Project – Target Testing
VICTORIA EXPLORATION Belltopper Gold Project – Target Testing1 • At Belltopper Novo geologists have recognised multiple mineralisation styles and high- grade gold targets, within a corridor of alteration that hosts a network of gold reefs and the mineralised Missing Link Intrusion. • 2023 exploratio
Slide 19: Nullagine Gold Project (NGP)
MOSQUITO CREEK BASIN Nullagine Gold Project (NGP)1,2 • NGP comprises the Mosquito Creek Basin (MCB), Beatons Creek Project and Golden Eagle Plant and Infrastructure (Golden Eagle) • Beatons Creek Indicated Mineral Resource of 3.05 million tonnes at 2.4 g/t Au for 234,000 oz Au • Inferred Mineral Res
Slide 20: Maximising Pilbara Battery Metals Portfolio Value
BATTERY METALS AND LITHIUM Maximising Pilbara Battery Metals Portfolio Value • Strategic Lithium 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/silver
Slide 21: 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 22: Discovery Implementation Plan
EXPLORATION FOCUSED - DISCOVERY DRIVEN Discovery Implementation Plan1 BALLA BALLA GOLD EGINA GOLD CAMP BELLTOPPER PROJECT4 EAST PILBARA PROJECT BECHER (De Grey JV)2 DATA ACQUISITION TARGETING DRILL PROGRAM • Earn-in leading to Egina JV to • Review of geophysical and • Integrated 3D geology and • ~2,
Slide 23: 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 Joint Venture1 Portfolio Strong Outlook Successful ASX Listing De Grey invested A$10 million Highly prospective Strategy to d
Slide 24: Additional Technical Information
ADDITIONAL TECHNICAL INFORMATION
Slide 25: Beatons Creek Mineral Resource
Beatons Creek Mineral Resource Table 1. Total Mineral Resources: optimized open pit oxide and fresh. Cut-off Grade Tonnes Grade Troy Ounces Au Reference should be made to the Classification (g/t Au) (t) (g/t Au) Company’s news release dated November 2, 2022, as well as the Indicated 0.5 3,050,000 2.
Slide 26: Cautionary Statement – De Grey Mining Information
Cautionary Statement De Grey Mining (ASX : DEG) Information De Grey has reported that, at the Mallina Gold Project, its (i) Mount Berghaus deposit is comprised of Indicated Mineral Resources of 1 Mt @ 1.7 g/t Au for 53 koz Au and Inferred Mineral Resources of 3.4 Mt @ 1.2 g/t Au for 128 koz Au, (ii)
Slide 27: 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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