Novo Resources (NSRP.F) 2024 Precious Metals Summit Beaver Creek summary

Strategic Overview and Financial Position

• Focused on greenfields gold exploration with a strong cash position of AUD 12 million and an investment portfolio valued at AUD 46.2 million as of June 2024, mainly unlisted investments targeted for unwinding early next year.

• Market capitalization stands at AUD 38.8 million with 355 million shares on issue and no debt as of June 2024.

• Dual-listed on TSX and ASX, with additional OTC platform access, providing access to long-term supportive shareholders.

• Shareholder base includes De Grey (10%), Liatam (6.2%), IMC (5.7%), Mark Creasy, First Sentier, and Crescat Capital.

• Recent board refresh with experienced members in exploration and finance, with key roles based in Australia and North America.

Project Portfolio and Exploration Activities

• Holds approximately 7,000 sq km in the Pilbara, reduced from 10,000–12,000 sq km to focus on high-potential areas, and maintains a portfolio spanning Western Australia and Victoria.

• Active project generation program seeking new gold assets globally, with ongoing expansion in scale and quality.

• Joint ventures for non-gold assets, including lithium.

• Key focus on Egina Gold Camp and Balla Balla, with ongoing reconnaissance and drilling, and new targets at Nunyerry North.

• Victoria’s Belltopper Project shows high-grade intercepts and is located near the prolific Fosterville Gold Mine.

Egina Gold Camp and De Grey Joint Venture

• De Grey is investing AUD 25 million over four years to earn 50% of the Becher project, with 2,500 sq km under JV in the Mallina Basin.

• Over 40,000 m of drilling completed this year by De Grey, targeting Hemi-style mineralization, with further drilling planned.

• Becher Project drilling identified a gold-base metal trend at Heckmair and confirmed gold mineralization at Lowe, with best intercept of 8 m at 4.74 g/t Au from 96 m.

• Southern Egina Gold Camp (1,000 sq km) is 100% held or JV with Mark Creasy, with active soil, rock chip, and structural mapping, and historical results up to 32.3 g/t Au from rock samples.