Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (March 2023)
25 slides from Novo Resources's investor presentation, March 2023
Slide 1: Unearthing the Pilbara's next Gold Project
EXPLORATION FOCUSED, DISCOVERY DRIVEN Unearthing the Pilbara’s next Gold Project Corporate Update MARCH 2023 TSX: NVO / OTCQX: NSRPF 1
Slide 2: Cautionary Statement
Cautionary Statement No Offer or Solicitation 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 Cautionary Note Concerning Technical Disclosure and U.S. Securities Laws all of the information that a prospective
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: Exceptional Portfolio of Gold Exploration Targets
EXPLORATION FOCUSED, DISCOVERY DRIVEN Exceptional Portfolio of Gold Exploration Targets Potential of Becher Project key to growth - the next Gold Project in the Pilbara ✓ Focused strategy to define standalone gold projects with > 1 Moz potential ✓ Dominant Pilbara gold exploration landholding – ~10,
Slide 5: Dominant Pilbara Gold Exploration Landholding
EXPLORATION FOCUSED, DISCOVERY DRIVEN Dominant Pilbara Gold Exploration Hemi Landholding Mt York • ~10,500 sq km of highly prospective ground Warrawoona provides Novo with a unique and exciting exploration opportunity • Novo has completed an extensive amount of reconnaissance exploration and drillin
Slide 6: Egina - The Next Gold Camp in The Pilbara
EGINA GOLD CAMP Egina - The Next Gold Camp in The Pilbara • Key to significant shareholder value uplift – exceptional discovery potential • > 80 km strike trend along known gold- fertile corridor between Becher and Nunyerry North • Becher (100% Novo) - most advanced and exciting prospect • Assay res
Slide 7: Becher – Exploring for the Next Hemi Deposit
EGINA GOLD CAMP Becher – Exploring for the Next Hemi Deposit • Located ~28 km WSW of De Grey’s (ASX:DEG) 10.6 Moz Au (JORC 2012)1 Mallina Gold Project • Major ENE trending gold-fertile structural corridor, along the Wohler Fault and Irvine/Bonatti Shears • Targets identified using > 0.1 g/t Au thres
Slide 8: Becher Exploration Uncovering New Gold Targets
EGINA GOLD CAMP Becher Exploration Uncovering New Gold Targets1 • ~32,000 m, 1,400-hole AC program completed across majority of priority target zones in 2022 • Excellent results generated - best assay result of 8 m at 2.15 g/t Au • Drilling to date has identified three advanced targets at Heckmair,
Slide 9: Intrusion Related Targets Identified at Becher
EGINA GOLD CAMP Intrusion Related Targets Identified at Becher1 • Multielement geochemical analyses in end- of-hole samples from the 2022 AC program have identified several hornblende diorite intrusions • Chemically these intrusions belong to a magmatic suite known as 'sanukitoids', which are common
Slide 10: Nunyerry North – Captivating New Gold Project
EGINA GOLD CAMP Nunyerry North1 – Captivating New Gold Project • Exciting exploration target with significant gold project potential • Grid soil sampling completed in 2022 extended a coherent high order > 300 ppb gold anomaly to over 1.4 km of strike • Second 1.2 km long soil anomaly at > 30 ppb gol
Slide 11: Drilling to Commence at Bellary Dome
BELLARY DOME Drilling to Commence at Bellary Dome • Bellary Dome is located ~10 km NE of regional Pilbara town, Paraburdoo, and is accessed by a good roads and other infrastructure • Catia Prospect is the primary target – a major shear zone, with geology highly contorted and altered with numerous mi
Slide 12: New Exploration Approach to MCB Discovery
MOSQUITO CREEK BASIN New Exploration Approach to MCB Discovery1 • Novo controls over ~ 790 sq km of the highly prospective MCB • Primary focus on exploration across multiple > 100 koz gold targets • Exploration supported by access to Golden Eagle processing plant • Key targets generated from new bas
Slide 13: Malmsbury and Queens Projects
BELLTOPPER GOLD PROJECT (VICTORIA) Malmsbury and Queens Projects • Novo owns a 50% interest in the Malmsbury and Queens Projects1,2 (Belltopper Gold Project) • Belltopper is located in the Bendigo Tectonic Zone, where over 60 Moz Au were produced historically • Exploration in 2023 will focus on larg
Slide 14: Value Through Discovery – Priority Areas
EXPLORATION FOCUSED, DISCOVERY DRIVEN Value Through Discovery – Priority Areas • Becher – targeting De Grey ‘Hemi’ deposit styles, new targets defined and ready for AC and RC drilling planned in early 2023 EGINA GOLD CAMP • Nunyerry North – progressing heritage access, RC drilling planned in H2 2023
Slide 15: 2023 Discovery Plan
EXPLORATION FOCUSED, DISCOVERY DRIVEN 2023 Discovery Plan EGINA GOLD CAMP BELLARY DOME MOSQUITO CREEK BASIN BELLTOPPER PROJECT BECHER AREA CATIA TARGETS UNDER COVER TARGETING • 20,000 m AC/RC drilling on • Priority, drill-ready target for • 15,000 m AC drill program to • Integrated 3D targets at Irv
Slide 16: Battery Metal Portfolio Provides Additional Uplift
BATTERY METALS AND LITHIUM Battery Metal Portfolio Provides Additional Uplift • Lithium Strategic Partnership with Liatam Mining Pty Ltd1 on the Quartz Hill Project (south MCB) (slide 12) • Novo retains a 20% interest in battery mineral rights, 100% interest in all other rights (including gold/silve
Slide 17: Experienced & Proven Board & Management Team
EXPLORATION FOCUSED, DISCOVERY DRIVEN 2 Experienced & Proven Board & Management Team Dr. Quinton Hennigh Mr. Michael Spreadborough Non-Executive Co-Chairman & Executive Co-Chairman & Director Director Perth, WA, Australia Denver, CO, USA Mr. Michael Barrett Mr. Ross Hamilton Ms. Amy Jo Stefonick Lea
Slide 18: Balance Sheet Supports Exploration Strategy
EXPLORATION FOCUSED, DISCOVERY DRIVEN Balance Sheet Supports Exploration Strategy Share Structure Kalamazoo Resources Share Price (Feb 28 '23) TSX: NVO (C$) $0.330 (ASX:KZR) 10M ordinary shares Basic Shares Outstanding (M) 263.1 $1.6 Stock Options (M) 9.5 Warrants (M) 28.5 Fully Diluted Shares Outst
Slide 19: 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. Op
Slide 20: The Novo Investment Proposition
EXPLORATION FOCUSED, DISCOVERY DRIVEN The Novo Investment Proposition Gold focused explorer in Western Drill rigs spinning throughout Australia and Victoria, with a strategy 2023, with a strong pipeline of targeting standalone projects > 1M oz news flow Focused on aggressive ESG values provide the e
Slide 21: Additional Technical Information
ADDITIONAL TECHNICAL INFORMMATION 21
Slide 22: Golden Eagle Infrastructure
MOSQUITO CREEK BASIN Golden Eagle Infrastructure • Significant strategic value due to location, condition and expected life • Golden Eagle Plant comprises of: • 1.5 Mtpa nameplate capacity (historical operated at 1.8 Mtpa) conventional gold gravity/CIL processing facility • 4 MW SAG mill • Infrastru
Slide 23: Beatons Creek Fresh Project
MOSQUITO CREEK BASIN Beatons Creek Fresh Project • Mineral Resource update released in November 20221 (2022 MRE): • Indicated Mineral Resource of 3.05 million tonnes at 2.4 g/t Au for 234,000 oz Au • Inferred Mineral Resource of 0.83 million tonnes at 1.6 g/t Au for 42,000 oz Au • 2022 MRE is being
Slide 24: Beatons Creek Mineral Resource
MOSQUITO CREEK BASIN Beatons Creek Mineral Resource Table 1. Total Mineral Resources: optimized open pit oxide and fresh. Cut-off Grade Tonnes Grade Troy Ounces Au Classification (g/t Au) (t) (g/t Au) Reference should be made to the Company’s news release dated Indicated 0.5 3,050,000 2.4 234,000 No
Slide 25: 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 TSX: NVO / OTCQX: NSRPF