Novo Resources Corp. · TSX:NVO
Novo Resources — RIU Explorers Conference 2025
18 slides from Novo Resources's conference presentation, Feb 18, 2025
Slide 1: Enhanced Exploration Portfolio
ENHANCED EXPLORATION PORTFOLIO Focused on High-Grade Gold Exploration Projects RIU Explorers Conference Mike Spreadborough 18 February 2025 ASX: NVO / TSX: NVO / OTCQB: NSRPF Please refer to Novo’s Corporate Presentation www.novoresources.com (16 December 2024) and News Releases dated (16 December 2
Slide 2: Cautionary Statement
Cautionary Statement Nature of this document: This presentation is of a summary form only and therefore contains general background information mineral resources” and “inferred mineral resources”. Investors are cautioned that while the above terms are “substantially about Novo Resources Corp (Novo o
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, Pinikura, Dja Dja Wurrung, Malyangapa Group, Thalanyji and the Wongkumara peoples. W
Slide 4: High-Grade Gold Exploration Portfolio
High-Grade Gold Exploration Portfolio Strong balance sheet with cash of ~A$12 million (C$11 million) and investments of ~A$44 million (C$39 million) Strategy focused on discovering standalone gold projects with > 1 Moz development potential Addition of John Bull (NSW), Tibooburra (NSW) and Toolunga
Slide 5: Drill Ready, High-Grade Gold Exploration Projects
Drill Ready, High-Grade Gold Exploration Projects ONSLOW DISTRICT Consolidated prospective 1,520 km sq landholding • Emerging district at the junction of major tectonic boundaries with high prospectivity for intrusion-related gold ALBERT GOLDFIELDS Manhattan Corp. Farm-in/JV - Tibooburra Gold Projec
Slide 6: John Bull Gold Project - Historical Work
John Bull Gold Project - Historical Work • Historical workings comprise 7 shafts and workings from mid 1880’s • Kennecott Australia costean in 1983 intersected 160 m @ 1.2 g/t Au incl. 5 m @ 18.0 g/t Au and 5 m @ 7.1 g/t Au1 • Soil sampling by TechGen reported a high-order gold anomaly > 1.3 km long
Slide 7: John Bull Gold Project - Opportunity
John Bull Gold Project - Opportunity • Potential to extend the strike of the system by > 500 m based on current knowledge • Open pit grade mineralisation extends from surface in limited drilling, all sections open at depth • Only ~300 m of the 1.3 km long gold-in-soil anomaly tested by drilling to d
Slide 8: Tibooburra Gold Project - Opportunity
Tibooburra Gold Project - Opportunity • Located in the Tibooburra District in northwest NSW, covering the historic Albert Goldfields • The Albert Goldfields lies on a unique and massive jog around the Tibooburra granite intrusions to the NE • Mineralisation occurs as narrow high-grade quartz veins h
Slide 9: Tibooburra Project - New Bendigo & Clone Prospects
Tibooburra Project - New Bendigo & Clone Prospects New Bendigo • Extensive historical workings over 2 km strike • MHC drilled over 500 m strike with multiple high order results1: • 8 m @ 40.5 g/t Au from 70 m, incl 3 m at 105.34 g/t Au • 16 m @ 13.89 g/t Au from 1 m, incl 3 m at 69.20 g/t Au • 7 m @
Slide 10: Onslow District – Toolunga Project
Onslow District – Toolunga Project • Ground consolidation by Novo has 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 2. 100% Novo owned area of 6 Exp
Slide 11: Toolunga Project Targets
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 of 6.2% Cu,
Slide 12: Large Landholding in Pilbara Resources Province
Large Landholding in Pilbara Resources Province • ~5,500 sq km of prospective ground in the Pilbara • De Grey has exceeded A$7M minimum spend, of final A$18 million spend at the Egina JV with exploration programs continuing • AC drill targets defined at the Balla Balla Gold Project focus on a major
Slide 13: Belltopper Gold Project, Victoria
Belltopper Gold Project, Victoria • Project located 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 • Belltopper Exploration Target** range of 320 koz to 570 koz
Slide 14: 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 • AC drilling in 2025 on the under-explored Sholl • Drill-ready high-grade gold targets at Clone and Shear Corridor New Bendigo pr
Slide 15: Novo Corporate Structure
Novo Corporate Structure Novo Current Substantial Shareholdersc % Shares on Issue 355M De Grey Mining Ltd 10.0% Market Capitalisation A$33.34M Liatam Mining Pty Ltd 6.2% Casha A$12M IMC (Singapore) 5.7% Liquid Marketable Securities* A$1M Mark Creasy/Creasy Group 4.4% Debt - Enterprise Value A$20.37M
Slide 16: Focused on Delivering Shareholder Value
Focused on Delivering Shareholder Value Strong Gold Globally Price Technical Experienced Excellence Team Egina JV with leading ASX- Strong listed gold Balance developer Sheet De Grey EXPLORATION Mining FOCUSED DISCOVERY Targeted Well- DRIVEN drill defined ESG programs values and for H1 2025 processe
Slide 17: Endnotes – Novo News Releases; JORC Compliance Statements
Endnotes – Novo News Releases Date Released to ASX Description 1 13 December 2024 Novo strengthens portfolio with two high-grade gold projects in NSW, Australia 2 11 December 2024 Novo secures strategic land position in the Onslow District Western Australia 3 10 October 2024 De Grey reaches A$7m min
Slide 18: 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