Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (October 2023)
25 slides from Novo Resources's investor presentation, Oct 17, 2023
Slide 1: Leading Pilbara Gold Explorer
LEADING PILBARA GOLD EXPLORER Exploration Focused - Discovery Driven Corporate Presentation 17 OCTOBER 2023 ASX: NVO / TSX: NVO / OTCQX: NSRPF Corporate Presentation: 17 October 2023 www.novoresources.com
Slide 2: Cautionary Statement
Cautionary Statement Summary Only effective February 25, 2019 (the “SEC Modernization Rules”) with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC This presentation is of a summary form only and therefore contains general background information which may
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: 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 a 50% di
Slide 7: 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 8: 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 targets1 • Drilling successfully generated significant gold and multi- element assay results • Large priority
Slide 9: 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 10: 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 11: 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 12: 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 km sq of tenements merged across a strike length of >100 km over target ar
Slide 13: 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 • Belltopper displays characteristics of the epizonal orogenic gold deposit class comparable to Fosterville • 2
Slide 14: 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 15: 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 16: 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 17: 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 18: H2 2023 Discovery Plan
EXPLORATION FOCUSED - DISCOVERY DRIVEN H2 2023 Discovery Plan1 BALLA BALLA GOLD EGINA GOLD CAMP BELLTOPPER PROJECT 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 • ~2,000 m RC
Slide 19: Novo Corporate Structure
ASX TRADING COMMENCED Novo Corporate Structure Novo Current Shares on Issue 341.9M Market Capitalisation A$68.6M Cash1 A$19M Substantial Shareholders Offer + Overs Marketable Securities A$28.7 De Grey 10.3% Debt - IMC (Singapore) 6.0% Enterprise Value A$20.9M Mark Creasy/Creasy Group 4.1% Liatam 3.8
Slide 20: 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 21: 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 Joint Strength of Venture1 Portfolio Strong Outlook Successful ASX Listing De Grey invested A$10 million for Highly prospective explorati
Slide 22: Additional Technical Information
ADDITIONAL TECHNICAL INFORMATION
Slide 23: Beatons Creek Mineral Resource
Beatons Creek Mineral Resource Reference should be made to the Company’s news release dated November 2, 2022, as well as the technical report entitled “NI 43-101 Technical Report: Mineral Resource Update, Beatons Creek Gold Project, Nullagine, Western Australia” with an effective date of June 30, 20
Slide 24: Cautionary Statement De Grey Mining (ASX: DEG) 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 Contact / 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
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