Novo Resources (NSRP.F) investor relations material

Strategic overview and financial position

• Focused on greenfields gold and copper exploration in Australia, with dual listings on ASX and TSX.

• Strong balance sheet with AUD 11 million in cash, plus an equity raise to add AUD 2 million by end of May.

• Investment in San Cristobal Mining valued at around AUD 20 million, providing dividends and funding flexibility.

• Actively seeking additional projects in Australia and Canada to expand the portfolio.

• Supported by major shareholders and a leadership team with global exploration experience.

Exploration programs and project updates

• Ongoing 12-week drilling campaign across four Pilbara greenfields targets, including Wyloo, Cronus, Bala Bala, and Teichman.

• Belltopper project in Victoria updated its exploration target to 460,000–880,000 ounces at 6.7–8.9 g/t gold.

• Wyloo polymetallic project currently undergoing a 2,500 m RC drilling program, with results expected in 6–8 weeks.

• Cronus project to follow Wyloo with 2,000 m of RC drilling, targeting gold trends identified in neighboring tenements.

• Bala Bala project to see 6,000 m of aircore drilling in June, focusing on areas with strong multi-element geochemistry.

Project highlights and future plans

• Teichman project to commence maiden 2,000 m RC drilling in July, targeting high-grade gold trends identified from surface sampling.

• Joint venture with Northern Star requires AUD 25 million spend for 50% earn-in; ongoing collaboration and news flow expected.

• Tibooburra project in New South Wales advancing toward 70% ownership, with follow-up drilling planned for the second half of the year.

• Belltopper drilling (2,500 m diamond core) scheduled for the second half of the year, focusing on high-potential northern reef systems.

• Exploration activities are seasonally scheduled, with Victoria drilling planned for September–November due to favorable weather.