Novo Resources (NSRP.F) 2025 Precious Metals Summit - Beaver Creek summary

Corporate strategy and portfolio overview

• Dual-listed on TSX and ASX, with a primary focus on gold exploration and development, and increasing interest in copper opportunities.

• Portfolio spans early to late-stage projects, targeting standalone developments with a pathway to a million ounces.

• Strong balance sheet and shareholder register, including notable investors like Northern Star and Mark Creasy.

• Project generation strategy emphasizes adding both greenfields and advanced resource projects, mainly in Australia and Canada.

• Aggressive drilling approach, supported by a highly experienced board and technical team.

Key projects and exploration activities

• New South Wales projects include a 1.5 km soil anomaly and ongoing drilling at John Bull, and a 22 km target zone at Tibooburra with promising drill results and open mineralization.

• Belltopper in Victoria has an exploration target of 300,000–600,000 ounces, with plans to build an inferred resource through further drilling.

• Pilbara portfolio reduced to 6,000 sq km, with new applications at Turee Creek and continued focus on greenfields and advanced projects.

• Egina Joint Venture with Northern Star requires A$25 million spend for 50% project interest, with significant progress already made.

Recent and upcoming exploration milestones

• Balla Balla project yielded complex geochemical results; further airborne and drilling work planned.

• Sherlock Crossing and South East Wyloo are gold-antimony targets with recent drilling and sampling; Wyloo drilling to commence after heritage approvals.

• Turee Creek, with historical work by WMC and BHP, is seen as attractive for gold and copper, with drilling expected in early 2026.

• Ongoing project generation and evaluation, with a focus on large-scale discoveries and willingness to divest smaller prospects.