Novo Resources Corp. · TSX:NVO
Novo Resources — Investor Presentation (May 2025)
40 slides from Novo Resources's investor presentation, May 6, 2025
Slide 1: Enhanced Exploration Portfolio
ENHANCED EXPLORATION PORTFOLIO Focused on discovery of standalone gold and copper projects 6 May 2025 ASX: NVO / TSX: NVO / OTCQB: 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Nature of this document: This presentation is of a summary form only and therefore contains general background has been rescinded. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of information about Novo Resources Corp (Novo or the C
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, Dja Dja Wurrung people, Malyangapa Group, Thalanyji Peo
Slide 4: Leading Australian Gold and Copper Explorer
Leading Australian Gold and Copper Explorer A diversified, high-grade gold exploration and development portfolio, located across leading mining provinces in Australia Strong balance sheet with cash of ~A$10 million (C$9 million) and investments of ~A$35.6 million (C$31.9 million)1 Portfolio demonstr
Slide 5: Strong Fundamentals for Gold & Copper
Strong Fundamentals for Gold & Copper • The gold spot price recently hit all-time highs and is currently trading ~US$3,320 Gold Spot Price (USD) $4,000 • Since the start of 2024: $3,500 • Gold price has increased by ~61% $3,000 • Copper price has increased by ~24% $2,500 • During times of strong inf
Slide 6: Novo Corporate Structure
Novo Corporate Structure Novo Current Substantial Shareholdersc % Shares on Issue 355M Northern Star Ltd 10.0% Market Capitalisation A$41.5M Liatam Mining Pty Ltd 6.2% Casha A$10M IMC (Singapore) 5.7% Liquid Marketable Securities* A$1M Mark Creasy/Creasy Group 4.4% Debt - Crescat Capital 3.2% Enterp
Slide 7: Novo Corporate Structure
Novo Corporate Structure Dr. Quinton Hennigh Mr. Michael Mrs. Karen O’Neill Non-Executive Co-Chairman Spreadborough Independent & Director Executive Co-Chairman Director & Director Denver, CO, USA Perth, WA, Australia Perth, WA, Australia Mr. Greg Jones Mrs. Elza van der Walt Mrs. Kas De Luca Indepe
Slide 8: Drill Ready Exploration Projects
Drill Ready Exploration Projects Addition of three exciting gold Project additions enhance and Drilling programs commenced in exploration projects through Farm-In complement Novo’s existing high-quality Q2 2025 and will continue agreements (subject to meeting farm- Pilbara (Western Australia) and Vi
Slide 9: Novo’s Enhanced Exploration Portfolio
Novo’s Enhanced Exploration Portfolio BALLA BALLA GOLD PROJECT ALBERT GOLDFIELDS Emerging project focused on the Sholl Shear Zone Manhattan Corp. JV - Tibooburra Project • Q2 2025 drilling completed on structural targets across • RC drilling commenced in May 2025, testing the the under-explored Shol
Slide 10: A Strong Platform to Deliver on Growth Strategy
A Strong Platform to Deliver on Growth Strategy Greenfields Advanced Greenfields Advanced Exploration Advanced Toolunga Resource Egina Gold Camp Balla Balla Egina JV - Irvine John Bull Sherlock Crossing Sb-Au Egina JV - Lowe Tibooburra Karratha District Egina JV - Heckmair Belltopper Whundo Nth Munn
Slide 11: Enhanced Exploration Portfolio with New High-Grade Gold Projects
ENHANCED EXPLORATION PORTFOLIO WITH NEW HIGH-GRADE GOLD PROJECTS 11
Slide 12: John Bull Gold Project
John Bull Gold Project Opportunity & Upside Positioned in an emerging province - New England Orogen of NSW: • Located ~110 km NE of Larvotto Resources high-grade Hillgrove Au-Sb Mine* • Located ~75 km south of the Legacy Minerals’ Mt Carrington (Drake) epithermal/porphyry Cu-Au project* Project area
Slide 13: John Bull Gold Project
John Bull Gold Project Historical Work Historical workings comprise of 7 shafts and workings from mid 1880’s Soil sampling by TechGen highlighted an exceptionally high-order gold anomaly over 1.3 km long and 250 m wide, at > 100 ppb Au, with 47 samples >1 g/t Au and is open along strike3 3 lines of
Slide 14: John Bull Gold Project
John Bull Gold Project Previous RC Drill Results 17 RC drill holes completed for 2249.5 m (2022 and 2023) with the deepest hole drilled to 146.5 m, effectively testing to only 120 m vertical Only ~300 m of the 1.3 km long gold-in-soil anomaly tested by drilling to date Peak results from 4 sections o
Slide 15: John Bull Gold Project
John Bull Gold Project Exploration Target Areas Findings from the successful initial field programs completed in March - April 2025 accelerates drill targeting and includes: • Delineation of preferred host rock to mineralised quartz vein arrays mapped out with peak rock chip results of 67.9 g/t Au a
Slide 16: John Bull Gold Project
John Bull Gold Project Exploration Target Area – John Bull Main Key Target Area have been defined by high order soil anomalism and including sheeted quartz veins within preferred lithology, fault zones with intense sericite alteration and brecciation, and proximity to prolific areas of historical sl
Slide 17: Tibooburra Gold Project
Tibooburra Gold Project Opportunity & Upside Located in northwest NSW, Tibooburra is an advanced exploration opportunity which covers much of the historic Albert Goldfield* The main targets in the Albert Goldfields occur at a unique district-scale bend in regional shears wrapping around the Tiboobur
Slide 18: Tibooburra Project
Tibooburra Project Clone Prospect – Historical Work Extensive historical workings over a ~450 m strike and to depths up to 25 m Multiple parallel mineralised trends recognised and targeted, with highest density of historical workings up to 130 m in width No exploration over ~10 km strike, except for
Slide 19: Tibooburra Project
Tibooburra Project New Bendigo Prospect – Historical Work Extensive historical workings over 2 km strike; Manhattan Corp. drilled over 530 m strike with multiple high-order intersections and defined an interpreted shallow plunge, open to the north and south. Peak results include: • 8 m @ 40.5 g/t Au
Slide 20: Tibooburra Project
Tibooburra Project Clone Prospect - Drill Planning Successful field work in February 2025 has advanced the geological understanding and controls on mineralisation to develop the upcoming RC drill program • Detailed and regional mapping confirms multiple mineralised trends • Clone Thrust associated w
Slide 21: Onslow District – Toolunga Project
Onslow District – Toolunga Project Opportunity & Upside Ground consolidation by Novo secured a strategic position in the Onslow District including approximately 1,520 sq km: 1. Cane River Project: Potential JV on 4 Exploration Licence applications (once granted) totalling 890 sq km held by OD4 Rockl
Slide 22: Onslow District
Onslow District Toolunga Project Targets Large geophysical targets (gravity –mag) with geochemical support Range N2 – Historic shaft sunk into a shear zone with peak rock chip samples of 3.1% Cu, 33% Pb and 125 ppm Ag – not drilled2 Bullajacka Well - Historic Cu-Au occurrence with rock chip results
Slide 23: Exciting Pilbara and Victoria Gold Projects
EXCITING PILBARA AND VICTORIA GOLD PROJECTS 23
Slide 24: Large Landholding in Pilbara Province
Large Landholding in Pilbara Province ~6,200 sq km of highly prospective ground in the Pilbara provides Novo with exciting exploration and discovery potential; in addition, Novo has JV interests with De Grey(subsequently taken over by Northern Star) and SQM over ~1,100 sq km As part of the Egina JV,
Slide 25: Egina Joint Venture with De Grey
Egina Joint Venture with De Grey (Subsequently taken over by Northern Star) De Grey Mining was a cornerstone investor and exploration partner for the Becher Project and adjacent tenements in the northern part of the Egina Gold Camp. Responsibility for the Egina JV is transferring to Northern Star po
Slide 26: Balla Balla Gold Project
Balla Balla Gold Project AC Drill Program Early-stage exploration project Sholl Shear Zone and associated structures Prospective for intrusion related gold mineralisation and structurally hosted gold Geophysical interpretation and historical research has advanced understanding of prospectivity and d
Slide 27: Sherlock Crossing Gold-Antimony Project
Sherlock Crossing Gold-Antimony Project The historic Sherlock Crossing (Clarke) antimony mine was discovered in 1906 and operated during 1907 to 1916 According to historic records, the mine initially produced 16 tonnes of dressed concentrate grading 53% Sb and 10.9 g/t Au to 72.9 g/t Au and in 1916,
Slide 28: Belltopper Gold Project
Belltopper Gold 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* Diamond drilling in 2024 delin
Slide 29: Belltopper Gold Project
Belltopper Gold Project Exploration Target The Belltopper Exploration Target was released in September 2024 following completion of Novo’s diamond drilling programs and release of assay results Low case High case Metric (approximation) (approximation) Belltopper Exploration Target** range of 320 koz
Slide 30: Delivering Shareholder Value
DELIVERING SHAREHOLDER VALUE 30
Slide 31: Exploration Program
Exploration Program Novo is Dedicated to Continued Exploration Across its High-Grade Gold Portfolio April 2025 May 2025 June 2025 July 2025 Balla Balla Drilling, Assaying, Interpretation AC Drill Program Tibooburra Drilling, Assaying, Interpretation RC Drill Program John Bull Drilling, Assaying, Int
Slide 32: Focused on Delivering Shareholder Value
Focused on Delivering Shareholder Value Strong Gold Project and generation Globally Copper program Experienced Price targeting Team gold and copper projects Egina JV with leading ASX- Strong listed gold balance developer sheet Northern Star Resources Ltd EXPLORATION FOCUSED DISCOVERY Targeted Well-
Slide 33: Additional Technical Information
ADDITIONAL TECHNICAL INFORMATION 33
Slide 34: New Gold Projects Transaction Summary
New Gold Projects Transaction Summary New England Albert Goldfields Onslow District John Bull Gold Project3 Tibooburra Gold Project3 Toolunga Project2 Counter party TechGen Metals Ltd Manhattan Corporation Ltd Odette Geoscience Pty Ltd TechGen NSW Pty Ltd Awati Resources Pty Ltd OD4 Rocklea Pty Ltd
Slide 35: Investment Portfolio
Investment Portfolio Novo’s balance sheet is Ticker Number of Novo Value Value shares held interest A$'000 C$'000 supplemented by a A$35.6 million (C$31.9 million) investment ASX-listed shares* portfolio of shares in ASX-listed Kalamazoo Resources Limited KZR 10,000,000 4.78% $800 $718 and unlisted
Slide 36: Endnotes - Novo News Releases
Endnotes - Novo News Releases Date Released to ASX Date Release to TSX Description 1 15 April 2025 16 April 2025 Novo Business Review – First Quarter 2025 2 11 December 2024 10 December 2024 Novo secures strategic land position in the Onslow District Western Australia 3 13 December 2024 13 December
Slide 37: Cautionary Statement De Grey Mining Information
Cautionary Statement De Grey Mining (ASX : DEG) Information Subsequently taken over by Northern Star (ASX: NST) De Grey Hemi and Regional Global Mineral Resource Estimate details are reported below. Refer to De Grey’s ASX announcements, including its announcement dated 14 November 2024, for further
Slide 38: JORC Compliance Statements
JORC Compliance Statements The information in this presentation that relates to previously reported Exploration Results from Novo’s NSW Gold Portfolio is extracted from the following Novo ASX announcements: (a)Novo Strengthens Portfolio with Two High-Grade Gold Projects in NSW, Australia, released t
Slide 39: JORC Compliance Statements
JORC Compliance Statements See the following for source documents in relation to the historical gold production figures (refer slide 20) for Bendigo, Fosterville, Costerfield, Castlemaine and Ballarat. Wilson, C. J. L., Moore, D. H., Vollgger, S. A., & Madeley, H. E. (2020). Structural evolution of
Slide 40: Contact
NORTH AMERICA CONTACT: AUSTRALIA CONTACT: Telephone: +1-416-543-3120 Telephone: +61-419-329-687 Email: leo@novoresources.com Email: mike.spreadborough@novoresources.com www.novoresources.com ASX: NVO / TSX: NVO / OTCQB: NSRPF