Novo Resources (NSRP.F) Corporate Presentation summary

Financial position and corporate structure

• Maintains a strong balance sheet with A$11.7M in cash and an investment portfolio valued at ~A$46.2M as of June 30, 2024.

• No debt and an enterprise value of A$38.8M, with 355M shares on issue.

• Major shareholders include De Grey Mining (10%), Liatam Mining (6.2%), and IMC Singapore (5.7%).

• Investment portfolio includes stakes in listed and unlisted companies across resources and technology sectors.

Exploration strategy and portfolio

• Focused on discovering standalone gold projects with >1 Moz development potential in Western Australia and Victoria.

• Flagship Becher Project and Egina JV with De Grey Mining are key growth drivers, with De Grey investing up to A$25M over four years.

• Diverse portfolio includes Balla Balla, Nunyerry North, Karratha District, and Belltopper Gold Project.

• Project generation program underway to expand exploration portfolio in scale and quality.

Key project updates and results

• Egina JV: Over 36,000m of drilling at Becher in 2024; results expected late Q3 2024.

• Nunyerry North: 2024 drilling extended high-grade Main Lode to 500m strike; standout intercepts include 13m @ 2.68g/t Au and 11m @ 2.20g/t Au.

• Balla Balla: New targets defined along Sholl Shear Zone; AC drilling planned for H2 2024.

• Karratha District: Maiden 3,500m RC drilling program planned for early 2025 to test multiple Au-Cu-Pd prospects.

• Belltopper: 2024 diamond drilling returned 5.6m @ 3.14g/t Au and 2m @ 15.2g/t Au; focus on growing high-value targets.