Novo Resources Corp. · TSX:NVO
Novo Resources — Swiss Mining Institute 2023
21 slides from Novo Resources's conference presentation, Nov 29, 2023
Slide 1: Leading Pilbara Gold Explorer
For personal use only LEADING PILBARA GOLD EXPLORER Exploration Focused - Discovery Driven For additional information, please refer to: Swiss Mining Institute latest Corporate Presentation on our 30 NOVEMBER 2023 website: novoresources.com ASX: NVO / TSX: NVO / OTCQX: NSRPF Swiss Mining Institute: 3
Slide 2: Cautionary Statement
Cautionary Statement Summary Only Cautionary Note Concerning Technical Disclosure and U.S. Securities Laws This presentation is of a summary form only and therefore contains general background information which may not be complete. It should This presentation has been prepared in accordance with the
Slide 3: Acknowledgement of Country
Acknowledgement of Country We acknowledge the Traditional Owners of the land upon which For personal use only 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. W
Slide 4: Seeking the Next Major Pilbara Discovery
Seeking the Next Major Pilbara Discovery ✓ Dominant Pilbara gold exploration landholding – ~9,000 sq km ✓ ASX listed completed to complement TSX and OCTQF1 For personal use only ✓ Focused strategy to define standalone projects with > 1 Moz development potential ✓ Advanced prospects in the Pilbara, W
Slide 5: Novo Corporate Structure
Novo Corporate Structure Novo Current Substantial Shareholders2 % Shares on Issue 341.9M De Grey Mining Ltd 10.3% For personal use only Market Capitalisation A$57.9M IMC (Singapore) 6.0% Cash1 A$15.3M Mark Creasy/Creasy Group 4.5% Marketable Securities A$29.2 First Sentier Investors (Australia) IM 3
Slide 6: Experienced Board & Management Team
Experienced Board & Management Team For personal use only 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 Director Independen
Slide 7: Pilbara Tenure
Pilbara Tenure • Key gold targets for For personal use only drilling in H2 2023 and 2024. • Lithium Partnership with Liatam Mining Pty Ltd1 on the Quartz Hill Project • ~ 240 sq km of Li-Ni- Cu Andover Intrusive Complex (West Pilbara) divestment process underway • Divestment process for the Nullagin
Slide 8: De Grey Investment & Earn-in/JV
De Grey Investment & Earn-in/JV • De Grey Mining (ASX: DEG) is a +A$2B Western Australian1 gold developer For personal use only • De Grey completed a A$10 million investment - shareholder with ~10.3% (post ASX IPO)3 • De Grey to invest up to A$25 million on exploration at Becher and adjacent tenemen
Slide 9: Becher Results Support Growth Potential
Becher Results Support Growth Potential • Novo completed over 60,000 m of aircore drilling1 For personal use only • Significant gold and multi- element assay results • Geological host rock and pathfinder multielement assays compare favourably to Hemi Gold Project mineralisation • Becher provides sig
Slide 10: Nunyerry North – Compelling New Project
Nunyerry North1 – Compelling New Project • > 1.4 km strike of high tenor gold anomalism • Maiden RC drill program: For personal use only ~2,300 m in 30 holes • Drilling tested structurally controlled gold targets and extensive high tenor gold in soil anomalies2 • Key intercepts include: • 11 m @ 1.9
Slide 11: Nunyerry North – RC Drilling Update
Nunyerry North1 – RC Drilling Update SECTION 590660E • ~50m wide zone of significant quartz-veining Nunyerry North cross section 590660E (looking WSW). For personal use only and lower order gold mineralisation • Indication of stacked or ladder mineralised vein system on this section - blind at surfa
Slide 12: Balla Balla Gold Project
Balla Balla Gold Project • Over 1,200 km sq of tenements across a strike length of > 100 km • Targeting interpreted fertile For personal use only structural corridors under shallow cover, centered on the Sholl shear corridor • Prospective for intrusion and structurally hosted related gold mineralisa
Slide 13: Belltopper Gold Project
Belltopper Gold Project1 • Belltopper displays characteristics of the epizonal orogenic gold deposit class comparable to Fosterville For personal use only • Significant results from 2022 diamond drilling (hole MD16): • 14 m @ 6.1 g/t Au from 120 m; incl. 3 m @ 11.1 g/t Au from 131 m • 10 m @ 4.9 g/t
Slide 14: Discovery Implementation Plan
Discovery Implementation Plan1 BALLA BALLA GOLD EGINA GOLD CAMP BELLTOPPER PROJECT4 EAST PILBARA PROJECT For personal use only 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 drilling
Slide 15: Pilbara Battery Metals Portfolio Value
Pilbara Battery Metals Portfolio Value • West Pilbara Battery Metal Tenements (~ 240 sq km) divestment process underway For personal use only • Tenements adjacent to Azure Minerals (ASX: AZS) Andover Lithium and Ni-Cu Project and Artemis Resources (ASX:ARV) Carlow Castle Au-Cu-Co Project2 • Strategi
Slide 16: 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. For personal use only Our approach to sustainability is built around three key pillars, which integrate all aspects of our operations. Operating with Int
Slide 17: The Right Building Blocks for Success
The Right Building Blocks for Success Driving towards exploration discovery across a high-quality project portfolio All the ingredients to define standalone gold De Grey recognises the potential of Becher For personal use only projects with> 1 Moz development potential Project1 • Tier-one cornerston
Slide 18: Additional Technical Information
For personal use only ADDITIONAL TECHNICAL INFORMATION 18
Slide 19: Beatons Creek Mineral Resource
Beatons Creek Mineral Resource Table 1. Total Mineral Resources: optimized open pit oxide and fresh. Cut-off Grade Tonnes Grade Troy Ounces Au Reference should be made to the Classification (g/t Au) (t) (g/t Au) Company’s news release dated November 2, 2022, as well as the Indicated 0.5 3,050,000 2.
Slide 20: Cautionary Statement
Cautionary Statement De Grey Mining (ASX : DEG) Information For personal use only 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 A
Slide 21: Contact
For personal use only 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