Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (October 2024)
32 slides from Novo Resources's investor presentation, Oct 28, 2024
Slide 1: Leading Gold Explorer – Corporate Presentation
LEADING GOLD EXPLORER Exploration Focused - Discovery Driven Corporate Presentation 28 October 2024 ASX: NVO / TSX: NVO / OTCQX: NSRPF www.novoresources.com
Slide 2: Cautionary Statement
Cautionary Statement Nature of this document: This presentation is of a summary form only and therefore contains general background information similar” to the corresponding CIM Definition Standards, there are differences in the definitions under the SEC Modernization about Novo Resources Corp (Novo
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: Exploration Focused – Discovery Driven
Exploration Focused – Discovery Driven Strong balance sheet with cash of A$6.7M (C$6.3M) and investments of ~A$44.6M (C$41.6M) Established growth strategy focused on discovering standalone gold projects with > 1 Moz development potential Diverse portfolio of gold exploration and development assets a
Slide 5: Delivering on Strategy and Building Value
Delivering on Strategy and Building Value June 2023 • De Grey Mining (ASX:DEG) commits to A$25 million Investment to earn-in 50% in Egina Joint Venture • De Grey Completes A$10 million Cornerstone Investment, becoming Novo’s largest shareholder3 September 2023 • ASX listing completed following overs
Slide 6: Fundamentals for Gold Have Never Been Stronger
Fundamentals for Gold Have Never Been Stronger • The price and fundamentals of gold continue to strengthen Gold Spot Price (USD) in 2024, with spot price hitting all-time highs and currently $3,000 trading ~US$2,750 $2,800 • Since the start of 2024, the gold price has increased by ~33% $2,600 • Duri
Slide 7: Diverse Portfolio Key to Shareholder Value
Diverse Portfolio Key to Shareholder Value EAST PILBARA Expanding exploration into the East Pilbara BALLA BALLA GOLD PROJECT Emerging project focused on the Sholl Shear Zone • Reconnaissance programs revisit porphyry and intrusion related targets at Miralga • Fertile and complex structural setting i
Slide 8: Novo Corporate Structure
Novo Corporate Structure Novo Current Shares on Issue 355M Substantial Shareholdersc % Market Capitalisation A$33.7M De Grey Mining Ltd 10.0% Casha A$6.7M Liatam Mining Pty Ltd 6.2% Marketable Securities A$44.6M IMC (Singapore) 5.7% Debt - Mark Creasy/Creasy Group 4.4% Enterprise Value A$-M Crescat
Slide 9: Experienced Board & Management Team
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 Mrs. Karen O’Neill Mr. Greg Jones Independent Director Independent Director Perth, WA, Australia Sydney, NSW, A
Slide 10: ESG Supports Exploration Delivery
ESG Supports Exploration Delivery Novo is committed to delivering value to our stakeholders by operating in a responsible and sustainable manner13. Our approach to sustainability is built around three key pillars, which integrate all aspects of our business: Operating with Integrity: We believe stro
Slide 11: Compelling Gold Exploration Assets
COMPELLING GOLD EXPLORATION ASSETS 11
Slide 12: Large Landholding in Pilbara Resources Province
Large Landholding in Pilbara Resources Province • ~5,500 sq km of highly prospective ground in the Pilbara provides Novo with unique and exciting gold exploration and discovery potential • As part of the Egina JV, De Grey reaches A$7M minimum spend by completing > 45,000 m of RC/AC drilling at Beche
Slide 13: Egina Joint Venture with De Grey Mining
Egina Joint Venture with De Grey Mining • +A$3.3 Billion Western Australian gold developer De Grey Mining is a cornerstone investor and exploration partner for the Becher Project and adjacent tenements in the northern part of the Egina Gold Camp • De Grey completed its $7 million minimum expenditure
Slide 14: Egina Joint Venture Exploration Update
Egina Joint Venture Exploration Update • De Grey completed 34,180 m of aircore drilling and 9,129 m of RC drilling across four main prospects in 2024, targeting prospective intrusions and regional structures • Multiple anomalous gold intercepts reported at the Whillans prospect, associated with mino
Slide 15: Egina Joint Venture Base Metal Results
Egina Joint Venture Base Metal Results • AC drilling at Irvine/Heckmair East identified broad zones of • Gold mineralisation is hosted in quartz veining within Zn-Pb-Ag and gold anomalism near surface metasediments, immediately adjacent to an intrusion • These results are adjacent to the previously
Slide 16: Southern Egina Gold Camp Prospectivity
Southern Egina Gold Camp Prospectivity • Nunyerry North is the first of numerous priority exploration targets that have been identified along the main structural corridors within the southern part of the Egina Gold Camp • Exploration is progressing on conceptual gold targets along the major fault co
Slide 17: Nunyerry North – A High-Grade Gold Opportunity
Nunyerry North – A High-Grade Gold Opportunity • High priority exploration target area • Located ~35 km from a major regional road providing good long-term logistics infrastructure • 2023 maiden drill program of 30 RC holes for 2,424 m tested approx. 200 m strike of high priority gold targets13 • Ke
Slide 18: Nunyerry North – RC Drilling Update
Nunyerry North – RC Drilling Update • Standout intercepts from the 2024 RC program include11: • 13 m at 2.68 g/t Au from 66 m, including 3 m at 10.41 g/t Au from 66 m (NC046) • 11 m at 2.20 g/t Au from 84 m, including 1 m at 18.06 g/t Au from 86 m (NC046) • 17 m at 1.85 g/t Au from 25 m, including 7
Slide 19: Egina Gold Camp & Balla Balla
Egina Gold Camp & Balla Balla • Evolving understanding of prospectivity at a district scale, based on improved knowledge of structural setting, assessment of high resolution geophysical and satellite data, in-house geochemical data and historical research • Targeting interpreted fertile structural c
Slide 20: Balla Balla Gold 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 • Novo holds ~ 60 km of strike length including a notable flexure of the Sholl Shear Zone and several import
Slide 21: Karratha District – New Drill Targets Defined
Karratha District – New Drill Targets Defined • Recent exploration in the Karratha District has advanced several drill targets, including North Whundo, Railway Bore and East Well15 • North Whundo is the primary target at Karratha, defined by a significant 1.2 km long Cu-Pd-Au anomaly, with highly an
Slide 22: Belltopper Gold Project
Belltopper Gold Project • Project located ~50 km south of Agnico Eagle’s Fosterville Gold Mine in the Bendigo Tectonic Zone, where over 60 Moz Au were produced historically • Belltopper displays characteristics of the epizonal orogenic gold deposit class comparable to Fosterville • Multiple minerali
Slide 23: Belltopper Geological and Mineralisation Model
Belltopper Geological and Mineralisation Model To view a video outlining the Belltopper Project please follow the link to the Company’s website Novo Resources17 Image taken from Novo’s 3D Geology and Mineralisation Model, displaying diamond drillholes, historical UG infrastructure below surface LiDA
Slide 24: Belltopper Exploration Target
Belltopper Exploration Target • The Belltopper Exploration Target range of 320 koz to 570 koz Au1 was defined through geological modelling of priority target reefs, following completion of 2024 drilling and the release of assay results • The Exploration Target* is based on seven reefs considered to
Slide 25: Battery Metals Upside Through Strategic JVs
Battery Metals Upside Through Strategic JVs • Battery Metals Joint Ventures provides shareholders with exciting exposure to battery metals exploration success • Key details of Harding Battery Metals JV4 • Tenements proximal to Azure Minerals (ASX: AZS) Andover Lithium and Nickel Project and Artemis
Slide 26: Battery Metals Upside Through Strategic JVs
Battery Metals Upside Through Strategic JVs • Quartz Hill Joint Venture6 • JV with Liatam Mining formed, in addition to a $1.8 million investment • A second LCT pegmatite swarm was identified at Quartz Hill West by Liatam, which demonstrates support for exploration growth and The Gap with best surfa
Slide 27: Focused on Delivering Shareholder Value
Focused on Delivering Shareholder Value Drill rig at Nunyerry North (July 2024). Corporate Presentation – 28 October 2024 27
Slide 28: Additional Technical Information
ADDITIONAL TECHNICAL INFORMATION 28
Slide 29: Investment Portfolio
Investment Portfolio Novo’s balance sheet is supplemented by a A$46.2 million (C$42.3 million) investment portfolio of shares in ASX-listed and unlisted companies across the resources and technology sectors: Number of Novo Value Value Ticker shares held interest A$'000 C$'000 ASX-listed shares* Kala
Slide 30: News Releases as Referenced
News Releases as refer to: 1. 25 September 2024 – Belltopper mineralisation modelling defines prospectivity. 2. 10 October 2024 – De Grey reaches A$7m minimum spend at Egina Gold project and continues investment 3. 21 June 2023 – De Grey Invests $25M to earn 50% in Egina JV and Complete $10M corners
Slide 31: 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 32: 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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