Novo Resources (NSRP.F) Metals & Mining Virtual Investor Conference 2025 summary

Corporate overview and strategy

• Dual-listed with diversified gold and copper exploration and development assets across Australia.

• Focused on generating large-scale projects with million-ounce gold or equivalent potential.

• Maintains a strong balance sheet and investment portfolio to fund exploration and project generation.

• Strategy includes both greenfields exploration and investment in advanced-stage projects.

• Supported by experienced management, technical teams, and notable shareholders.

Project portfolio and recent activity

• Portfolio spans Pilbara, New South Wales, and Victoria, with projects like Egina JV, Sherlock Crossing, Balabala, Toolunga, John Bull, Tibooburra, and Belltopper.

• Egina JV with Northern Star allows for a 50% earn-in by spending $18 million by mid-2027.

• Recent drilling at Sherlock Crossing and Balabala; awaiting results and planning further exploration.

• Toolunga project pending tenement grant, with plans for early-stage exploration upon approval.

• John Bull and Tibooburra in New South Wales are advanced-stage farm-ins with high-grade gold potential.

Exploration results and development plans

• John Bull project shows strong drill intercepts, including 94m at 0.95 g/t and 68m at 1 g/t from surface.

• Tibooburra drilling returned high grades, such as 16m at 13.89 g/t, with mineralization open and further drilling planned.

• Belltopper project in Victoria has an exploration target of 320,000–570,000 oz at 6.6–8.4 g/t, with potential for expansion.

• Aggressive exploration and drilling approach, aiming to expand advanced-stage pipeline.

• John Bull drilling program approved, with drilling expected to commence within weeks.