Novo Resources (NSRP.F) Corporate Presentation summary

Financial position and investment portfolio

• Maintains a strong balance sheet with A$11.7M in cash and A$46.2M in investments as of June 2024.

• Investment portfolio includes shares in ASX-listed and unlisted companies, notably Elementum 3D and San Cristobal Mining.

• No debt and an enterprise value of A$38.8M, with a total portfolio value of A$46.2M.

Growth strategy and exploration focus

• Pursues a disciplined growth strategy targeting standalone gold projects with >1 Moz development potential.

• Flagship Becher Project in Western Australia and Belltopper in Victoria headline a diverse exploration portfolio.

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

Key projects and recent results

• Egina JV with De Grey Mining: De Grey to invest A$25M over 4 years for a 50% stake; >36,000m drilling at Becher in 2024, results due Q4.

• Nunyerry North: 2024 drilling extended high-grade Main Lode to 500m, with standout intercepts up to 13m @ 2.68g/t Au.

• Belltopper (Victoria): Exploration target of 320–570 koz Au at 6.6–8.4g/t; 2024 drilling returned up to 2m @ 15.2g/t Au.

• Balla Balla: 60km strike along Sholl Shear Zone, new targets defined for AC drilling.

• Karratha District: New drill targets at North Whundo, Railway Bore, and East Well; 3,500m maiden RC program planned.