Novo Resources Corp. · TSX:NVO
Novo Resources — Noosa Mining and Investor Conference 2023
24 slides from Novo Resources's conference presentation, Jul 18, 2023
Slide 1: The Dominant Gold Explorer in the Pilbara
THE DOMINANT GOLD EXPLORER IN THE PILBARA Exploration Focused, Discovery Driven Corporate Presentation 18 JULY 2023 TSX: NVO / OTCQX: NSRPF www.novoresources.com
Slide 2: Cautionary Statement
Cautionary Statement No Offer or Solicitation Cautionary Note Concerning Technical Disclosure and U.S. Securities Laws 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 all of the This presentation has been prep
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 • Novo is a leading gold explorer focused on making the next major gold discovery in the Pilbara • Novo is advancing the identification of deposits with +1 Moz development potential • Highly prospective 10,500 sq km explo
Slide 5: De Grey Cornerstone Investment & Joint Venture
EGINA JOINT VENTURE De Grey Cornerstone Investment & Joint Venture • +A$2B Western Australian gold developer De Grey Mining (ASX: DEG) is a cornerstone investor and exploration partner for the highly prospective Becher Project and adjacent tenements • Becher is located only ~28 km WSW of De Grey’s H
Slide 6: Dominant Pilbara Landholding
EXPLORATION FOCUSED, DISCOVERY DRIVEN Dominant Pilbara Landholding • ~10,500 sq km of highly prospective ground provides Novo with a unique and exciting exploration opportunity • Novo has completed extensive reconnaissance work to identify gold targets for drilling in H2 2023 with further key target
Slide 7: Strong Balance Sheet Underpinning Exploration
EXPLORATION FOCUSED, DISCOVERY DRIVEN Strong Balance Sheet Underpinning Exploration1 Share Structure Shareholder Summary % Investment Portfolio Valuation Shares Valuation Share price (June 30 ’23) TSX:NVO (C$) $0.215 De Grey 11.6% E3D (unlisted) 2M common shares $17.7M Basic Shares Outstanding (M) 3
Slide 8: ASX Dual Listing Process Underway
PROPOSED ASX LISTING ASX Dual Listing Process Underway • Novo has commenced a dual listing process for the ASX, targeting IPO in Q3 20231 • ASX listing is expected to make it easier for Australian domiciled investors to gain exposure to Novo’s highly prospective Pilbara exploration portfolio • Listi
Slide 9: Exploration Portfolio is Key to Shareholder Value
PORTFOLIO SUMMARY Exploration Portfolio is Key to Shareholder Value • Earn-in agreement with De Grey to spend A$25 million on exploration within 4 years to form the Egina JV, EGINA JV focussing initially on Becher area in the northern sector of the Egina Gold Camp1 With De Grey Mining in the Egina •
Slide 10: H2 2023 Discovery Plan
EXPLORATION FOCUSED, DISCOVERY DRIVEN H2 2023 Discovery Plan1 EGINA GOLD CAMP BALLA BALLA PROJECT BELLTOPPER PROJECT EAST PILBARA BECHER (De Grey JV)2 DATA ACQUISITION TARGETING DRILL PROGRAM • Novo identified high- • Review of geophysical and • Integrated 3D geology and • ~2,000 m RC drilling to te
Slide 11: Becher Results Support Exciting Growth Potential
BECHER GOLD PROJECT Becher Results Support Exciting Growth Potential1 • Novo completed over 60,000 m of aircore drilling at Becher, testing multiple, high-priority structural and intrusion-hosted gold targets • Drilling successfully generated significant gold and multi-element assay results, definin
Slide 12: Nunyerry North – Compelling New Gold Project
EGINA GOLD CAMP Nunyerry North1,2 – Compelling New Gold Project • High priority exploration target, with potential to become a significant gold project • 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 anom
Slide 13: Balla Balla Project
WEST PILBARA PROJECT Balla Balla Project • Emerging exploration target area, with over 1,200 km sq tenure located in northern Pilbara • Targeting interpreted fertile structural corridors under shallow cover, centered on the Sholl shear corridor and associated structures • Prospective for intrusion r
Slide 14: Belltopper Gold Project
MALMSBURY AND QUEENS PROJECTS, VICTORIA Belltopper Gold Project • 100% ownership of Malmsbury and Queens Projects1,2 (Belltopper Gold Project) • Located south of the Fosterville Mine in the Bendigo Tectonic Zone where over 60 Moz Au were produced historically • Geological mapping outlined a dense ne
Slide 15: Nullagine Gold Project
MOSQUITO CREEK BASIN Nullagine Gold Project1,2 • Mosquito Creek Basin, Beatons Creek Project and Golden Eagle Infrastructure • Beatons Creek 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 o
Slide 16: 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 17: Maximising Pilbara Battery Metals Portfolio Value
BATTERY METALS AND LITHIUM Maximising Pilbara Battery Metals Portfolio Value • Lithium Strategic 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 18: 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 19: 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 Strength of Proposed ASX Dual Joint Venture1 Portfolio Strong Outlook Listing1 De Grey invested A$10m Highly prospective Strategy to disco
Slide 20: Additional Technical Information
ADDITIONAL TECHNICAL INFORMMATION 20
Slide 21: 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 Indicated 0.5 3,050,000 2.4 234,000 Company’s news release dated No
Slide 22: Cautionary Statement – De Grey Mining 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 23: Notes
Notes Corporate Presentation : 18 July 2023 23
Slide 24: Contact
NORTH AMERICA CONTACT: AUSTRALIA CONTACT: Telephone: +1-416-543-3120 Telephone: +61-419-329-687 E-mail: [email protected] E-mail: [email protected] www.novoresources.com TSX: NVO / OTCQX: NSRPF
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