Novo Resources (NSRP.F) Corporate Presentation summary

Strategic focus and financial position

• Pursuing discovery of standalone gold projects with over 1 Moz development potential, supported by a strong balance sheet with A$16.7M cash and A$47.7M in marketable securities, and no debt.

• Ongoing disciplined project generation and consolidation, targeting assets that complement the current portfolio.

• Substantial in-ground investment with drill programs planned throughout 2024 across multiple projects.

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

• Investment portfolio includes stakes in ASX-listed and unlisted companies, valued at A$47.7M as of March 2024.

Key exploration projects and results

• Egina JV with De Grey Mining is the most advanced opportunity, with over 10,500m of drilling completed at Becher and a planned total of 39,000m; De Grey to invest up to A$25M for a 50% JV interest.

• Becher Project drilling identified a gold-base metal trend at Heckmair and high-grade gold at Lowe (8m @ 4.74g/t Au incl. 3m @ 11.88g/t Au).

• Nunyerry North maiden RC program returned high-grade results (6m @ 6.12g/t Au, 11m @ 2.52g/t Au, 4m @ 5.71g/t Au); follow-up 4,000m drill program commenced in May 2024.

• Karratha District targets (North Whundo, Railway Bore, East Well) to be tested with a 3,500m RC program in H2 2024.

• Balla Balla Project covers over 1,200 sq km, targeting fertile structural corridors; reconnaissance drilling planned for H2 2024.

• Belltopper Gold Project in Victoria yielded high-grade intercepts (e.g., 2m @ 15.2g/t Au) from a 2,529m diamond drill program.

Battery metals and strategic joint ventures

• Harding Battery Metals JV with SQM provides exposure to lithium and nickel, with Novo retaining 25% free-carried interest until a decision to mine.

• Quartz Hill JV with Liatam Mining includes a 20% interest in battery mineral rights and a royalty; Liatam to spend ~A$6M in 2024 on lithium exploration.

• Surface sampling at Quartz Hill returned up to 2.71% Li₂O; ~9,000m RC drilling planned for H2 2024.