Novo Resources (NSRP.F) Battery & Precious Metals Virtual Investor Conference summary

Strategic partnerships and project updates

• De Grey joint venture brings AUD 25 million exploration commitment over four years for Becher, with De Grey already completing the minimum spend and holding 10% of the register.

• Lithium joint ventures with SQM and Liatam provide additional funding and exposure to high-grade lithium projects in the Pilbara.

• Recent Belltopper exploration target released at 300–600 thousand ounces, with ongoing drilling and re-assaying expanding the resource potential.

• Nunyerry North drilling extended strike length over 500 meters, with promising intercepts and further results expected in early 2025.

• Balla Balla tenements positioned along the Scholl Shear Zone, with drilling planned pending seasonal conditions.

Financial position and investment portfolio

• Strong balance sheet with AUD 12 million in cash and an investment portfolio valued at AUD 46 million, including significant stakes in Electrum 3D and San Cristobal Mining.

• AUD 22 million raised in the past fifteen months through joint ventures and equity, supporting exploration without additional shareholder dilution.

• Market undervalues investment holdings, presenting potential upside as assets are monetized over the next nine months.

• Shareholder base includes major industry players and funds, supporting ongoing exploration and growth.

Exploration strategy and operational focus

• Focused on greenfields gold exploration in Australia, targeting million-ounce projects in Tier One jurisdictions.

• Disciplined approach to project selection, quickly moving on from tenements lacking growth potential.

• ESG is a core value, with active engagement with Aboriginal groups and sustainability reporting.

• Technical team with global experience drives exploration excellence and project evaluation.