Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (May 2024)
25 slides from Novo Resources's investor presentation, May 6, 2024
Slide 1: Leading Gold Explorer: Corporate Presentation
LEADING GOLD EXPLORER Exploration Focused - Discovery Driven Corporate Presentation 6 MAY 2024 ASX: NVO / TSX: NVO / OTCQX: NSRPF www.novoresources.com 1
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: Well-Funded to Deliver Exploration Success
Well-Funded to Deliver Exploration Success Dedicated growth strategy focused on discovering standalone gold projects with > 1 Moz development potential • Strong balance sheet with no debt, cash of A$16.7 million1 and marketable securities of A$47.7 million2 Strong • Significant in-ground investment
Slide 5: Fundamentals for Gold Have Never Been Stronger
Fundamentals for Gold Have Never Been Stronger • Gold spot price has increased to over US$2,400 in April 2024 • Since the start of 2024, the gold price has increased by more than ~16% • During times of strong inflation and rising interest rates, gold is seen as a leading commodity investment • Recog
Slide 6: Novo Corporate Structure
Novo Corporate Structure Novo Current Shares on Issue 355M Substantial Shareholders3 % Market Capitalisation A$50.2M De Grey Mining Ltd 10% Cash1 A$16.7M Liatam Mining Pty Ltd 6.2% Marketable Securities A$47.7M IMC (Singapore) 5.7% Debt - Mark Creasy/Creasy Group 4.4% Enterprise Value A$-M First Sen
Slide 7: 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’Neill1 Mr. Ross Hamilton Mr. Greg Jones Independent Director Independent Director Independent Dire
Slide 8: ESG Supports Exploration Delivery
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 business: Operating with Integrity: We believe stron
Slide 9: Portfolio Key to Shareholder Value
Portfolio Key to Shareholder Value KARRATHA DISTRICT New drill targets defined EGINA JV1 • Advancing several drill targets, including North Partnering with De Grey in the Egina Gold Camp Whundo, Railway Bore and East Well • > 10,500 m RC/AC drilling completed by • Maiden RC drilling program for 3,50
Slide 10: Compelling Gold Exploration Assets
COMPELLING GOLD EXPLORATION ASSETS 10
Slide 11: Large Landholding in Leading Resources Province
Large Landholding in Leading Resources Province • ~7,000 sq km of highly prospective ground in the Pilbara provides Novo with unique and exciting gold exploration and discovery potential • > 10,500 m RC/AC drilling completed at Becher Project1 by De Grey in Q4 2023, with key results incl 8 m @ 4.74
Slide 12: Egina Joint Venture with De Grey Mining
Egina Joint Venture with De Grey Mining • +A$2.2 Billion Western Australian1 gold developer De Grey Mining is a cornerstone investor and exploration partner for the Becher Project and adjacent tenements • De Grey to invest up to A$25 million on exploration at Becher and adjacent tenements within 4 y
Slide 13: Becher Results Support Exciting Growth Potential
Becher Results Support Exciting Growth Potential1 Gold-base metal trend identified in RC drilling at Heckmair, with Section • Lowe ~ 8km E a significant zone of base metal-gold mineralisation in the two RC holes targeting the corridor. • The gold-base metal corridor trends WNW through the Heckmair i
Slide 14: Southern Egina Gold Camp Prospectivity
Southern Egina Gold Camp Prospectivity • Nunyerry North is the first of numerous additional priority exploration targets that have been identified along the main structural corridors within the southern part of the Egina Gold Camp • The southern portion of the Egina Gold Camp forms a contiguous grou
Slide 15: Nunyerry North – A High-Grade Gold Opportunity
Nunyerry North – A High-Grade Gold Opportunity • High priority exploration target area with potential to become a significant gold project • Located ~35 km from a major regional road providing good long-term logistics infrastructure • Maiden RC program of 30 holes for 2,424 m tested approx. 200 m st
Slide 16: Nunyerry North – RC Drilling Intercept Update
Nunyerry North – RC Drilling Intercept Update • RC drill intercepts upgraded1 after multi-pot PhotonAssay TM • Significant drill intercepts were re-analysed by multi-pot PhotonAssayTM • Larger sample methodology (500 g to 4 kg assayed per sample) upgraded existing significant intercepts, with new re
Slide 17: 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 Well1. • North Whundo is the primary target at Karratha, defined by a significant 1.2 km long Cu-Pd-Au anomaly, with highly an
Slide 18: 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 • Over 1,200 sq km of tenements merged across a strike length of > 100 km over target area • Prospective for
Slide 19: 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 20: Battery Metals Upside Through Strategic JVs
Battery Metals Upside Through Strategic JVs • Battery Metals Joint Ventures boost cash reserves to continue primary gold exploration focus, while delivering shareholders exciting exposure to battery metals exploration success • Harding Battery Metals JV1 • Tenements proximal to Azure Minerals (ASX:
Slide 21: Exploration Focused, Discovery Driven
Exploration Focused, Discovery Driven • Leading gold explorer focused on delivering deposits with +1 Moz development potential • Strong balance sheet with no debt, cash of A$16.7 million and marketable securities of A$47.7 million • Egina JV with De Grey is the most advanced and compelling opportuni
Slide 22: Additional Technical Information
ADDITIONAL TECHNICAL INFORMATION 22
Slide 23: Investment Portfolio
Investment Portfolio Novo’s balance sheet is supplemented by a A$47.7 million (C$42.1 million) investment portfolio of shares in ASX-listed and unlisted companies across the resources and technology (3D printing) sectors Number of Novo Value Value Ticker shares held interest A$'000 C$'000 ASX-listed
Slide 24: 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 25: North America and Australia 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