Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (September 2022)
33 slides from Novo Resources's investor presentation, September 2022
Slide 1: Exploration Driving Growth - Corporate Update
Exploration Driving Growth Corporate Update September 2022 TSX: NVO / OTCQX: NSRPF
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 This presentation has been prepared
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: Strong Foundations for Long-Term Growth
Strong Foundations for Long-Term Growth Gold explorer, developer and producer, with battery metals exposure Dominant and largest Pilbara exploration landholding – 11,000 sq km Exploration driving next phase of growth through annual exploration expenditure > A$20M Drilling underway on significant Bec
Slide 5: Dedicated Focus to Delivering Value
Dedicated Focus to Delivering Value Rapid adoption of innovative “We embrace innovation Embrace solutions to maximise opportunities innovation and increase effectiveness and to responsibly transform efficiency minerals for the benefit Monetising mineral inventory through of our stakeholders” Transfo
Slide 6: Experienced & Proven Board & Management Team
Experienced & Proven Board & Management Team Dr. Quinton Hennigh Mr. Michael Spreadborough Ms. Amy Jo Stefonick Non-Executive Co-Chairman & Director Executive Co-Chairman & Director Independent Director Denver, CO, USA Perth, WA, Australia Denver, CO, USA Mr. Michael Barrett Mr. Ross Hamilton Mr. Ro
Slide 7: Strong Balance Sheet, Support & Investments
Strong Balance Sheet, Support & Investments Share Structure Share Price (Aug 31 '22) TSX: NVO (C$) $0.47 Basic Shares Outstanding (M) 249.3 E3D (unlisted) Stock Options (M) 12.1 2M common shares, $17.1 M Warrants (M) 24.7 Fully Diluted Shares Outstanding (M) 286.1 Market Cap (Basic) (C$M) $115.9 1 P
Slide 8: Committed to ESG Leadership
Committed to ESG Leadership Novo is committed to delivering value to our stakeholders by operating in a responsible and sustainable manner ✓ OPERATING ✓ BUILDING ✓ VALUING OUR WITH ENVIRONMENTAL PEOPLE AND INTEGRITY RESILIENCE COMMUNITIES ▪ Transparency & ▪ Biodiversity & ▪ Communities Disclosure Ec
Slide 9: Exciting Exploration Upside
EXCITING EXPLORATION UPSIDE 9
Slide 10: Exploration to Drive Growth and Value
Exploration to Drive Growth and Value1 • 11,000 sq km of tenements across the Pilbara Becher Area • Focused and aggressive exploration growth strategy in 2022 and 2023 • Drilling commenced at gold and battery- metal targets at Purdy’s North (West Pilbara) • Exciting orogenic vein and sanukitoid intr
Slide 11: Pipeline of Exploration Targets
Pipeline of Exploration Targets CONCEPT / TARGET DEFINITION ANOMALY DEFINITION DRILL TARGET DEFINITION MINERAL RESOURCE • Area selection • Reconnaissance mapping • Geochem/ geophysical DEFINITION • First pass Geochem/ targets • Geological modelling geophysics • RAB/aircore drilling • Resource modell
Slide 12: Purdy's North Gold & Battery Metals
Purdy’s North Gold & Battery Metals1 Purdy’s North is located immediately adjacent to Azure Minerals Andover Ni-Cu Project2 and Artemis Resources’ Carlow Castle Au-Cu- Carlow Castle Project Mineral Resource: Co Project3 14.3Mt @ 1.4g/t AuEq for 655koz inferred • Novo has identified numerous gold, ba
Slide 13: Purdy's North - Morto Lago Orogenic Gold Vein Target
Purdy’s North Morto Lago Orogenic Gold Vein Target • RC drilling commenced on 29-July at Morto Lago in the northern sector of Purdy’s North E47/1745 testing a series of quartz veins known to host gold at surface (rock chip assays up to 6.63g/t Au)1 • A total of 17 nuggets were also metal detected at
Slide 14: Purdy's North - Milburn Au-Cu-Co Target
Purdy’s North Milburn Au-Cu-Co Target • Located some 2 km east-southeast of the Carlow Castle Au-Cu-Co Deposit • The target is a discrete VTEM anomaly up to 300 m long and 200 m wide, overlaying a gabbro and meta-basalt contact and coinciding with the large IP anomaly defined in the ’70’s • Detailed
Slide 15: Becher Gold – Exploring for the Next Hemi Deposit
Becher Gold – Exploring for the Next Hemi Deposit1 • Focused on drill testing key targets along strike from De Grey’s Hemi deposit • 103 Mt @ 1.5 g/t Au for 5.1 Moz probable mineral reserve (JORC 2012)2 released 8 Sep ‘22 • Becher area and other Egina District gold targets provide potential for a st
Slide 16: Becher Gold – Exploring for the Next Hemi Deposit
Becher Gold – Exploring for the Next Hemi Deposit1 • High resolution aeromagnetic survey over Becher area completed, detailed ground gravity survey underway • Initial heritage survey of over 70- line km completed • Significant program of ~ 36,000 m aircore drilling planned to commence early Septembe
Slide 17: Nunyerry North Gold Prospect
Nunyerry North Gold Prospect1 • Quartz vein-related structurally controlled orogenic gold target • Grid soil sampling in 2022 extended the coherent high order gold anomaly to over 1.4 km strike • Second 1.2 km long soil anomaly at > 30 ppb gold also defined south of the main target • Total of 18 soi
Slide 18: East Pilbara Overview
East Pilbara Overview1 • 238 tenements for ~3,500 sq km (NGP Brownfields ~700 sq km) • Reconnaissance programs commenced on regional districts • Current focus on Elsie District, with several orogenic gold targets and conglomerate gold targets under assessment • Detailed mapping and sampling at the L
Slide 19: Victorian Projects
Victorian Projects1 • Novo owns a 50% interest in both the Malmsbury and Queens Projects2,3 • Both projects located within the Bendigo Tectonic Zone, where over 60 Moz Au produced historically • Detailed mapping completed at Malmsbury identified several styles of gold mineralisation and supported in
Slide 20: Malmsbury Diamond Drilling Results Summary - Leven Star
Malmsbury Diamond Drilling Results Summary - Leven Star • Assays confirmed high-grade shoot potential and splay features on the Leven Star mineralization and extension potential for the Missing Link Reef. • Significant results1 include: − 14 m @ 6.1 g/t Au from 120 m; including 3 m @ 11.1 g/t Au fro
Slide 21: Conglomerate Gold Exploration and Development
Conglomerate Gold Exploration and Development Comet Well – Purdy’s Reward • Test work confirmed strong upgrade ratios and recoveries from both low-grade and high-grade material can be achieved through the Steinert KSS 100F LIXT fine mechanical sorting unit in a single pass • Phase Three trial at Com
Slide 22: Nullagine Gold Project Opportunities
NULLAGINE GOLD PROJECT OPPORTUNITIES 22
Slide 23: Extending the NGP
Extending the NGP1 • Focused on extending production through Beatons Creek Fresh mineralization and MC Oxide and Sulphide potential • Beatons Creek – Fresh Strategy: Second stage of Beatons Creek project • Completion of feasibility study in Q4 2022 • MC – Oxide Strategy: Targeting > 200 koz Au of Ox
Slide 24: Golden Eagle Plant
Golden Eagle Plant • Golden Eagle Plant has significant strategic value due to location, condition and expected life • Golden Eagle Plant comprised of: • 1.5 Mtpa nameplate capacity (operating at 1.8 Mtpa) conventional gold gravity/CIL processing facility • 4 MW SAG mill • 10 MW diesel power station
Slide 25: Beatons Creek Oxide Mining
Beatons Creek Oxide Mining1 • Phase One mining completed with processing scheduled to end in Q3 2022 • Expected production in Q3 2022 of 9 – 11 koz Au, with drawdown of inventory expected to add an additional 1 koz Au in Q4 2022 • Once Phase One processing has been completed, Novo will action a wind
Slide 26: Beatons Creek Fresh Mine Plan
Beatons Creek Fresh Mine Plan1 • 65% of Beatons Creek mineral resource • Fresh feasibility study and resource attributable to Fresh mineralization in the PEA2 extension drilling will de-risk project prior to FID • Processing of free-milling Fresh material delivered high throughputs and recoveries •
Slide 27: Beatons Creek Fresh Development
Beatons Creek Fresh Development1 COMPLETION OF FEASIBILITY STUDY • Study progressing as planned, with key workstreams completed or underway and on track for completion by mid Q4 2022 • 2021 and 2022 resource drill results to be used in a mineral resource update, which will form the basis of the feas
Slide 28: Beatons Creek Resource Extension
Beatons Creek Resource Extension1 FRESH DRILLING THROUGHOUT 2022 AND INTO 2023 • Mineral resource definition drilling program commenced in late October 2021 and accelerated in May 2022 with three RC drill rigs • H2 2022 expected drilling expenditure is ~A$7 million • Drilling will be completed in st
Slide 29: Value Focused, Strategy Driven
VALUE FOCUSED, STRATEGY DRIVEN 29
Slide 30: The Novo Proposition
The Novo Proposition Committed to delivering Advancing critical ESG stakeholder value through gold objectives, with a focus on exploration, development and becoming a sector leading operations performer Free of long-term debt, with a Aggressive exploration over next cash balance of ~C$70.8 million 1
Slide 31: Appendices
Novo APPENDICES
Slide 32: Appendix – Beatons Creek Mineral Resource
Appendix – Beatons Creek Mineral Resource Reference should be made to the Company’s news release dated March 31, 2021, as well as the technical report entitled “Preliminary Economic Assessment on the Beatons Creek Gold Project, Western Australia” with an effective date of February 5, 2021, which was
Slide 33: For More Information Contact
FOR MORE INFORMATION CONTACT: Telephone: 1-416-543-3120 E-mail: leo@novoresources.com www.novoresources.com TSX: NVO / OTCQX: NSRPF
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