Novo Resources (NSRP.F) Presents at Precious Metals & Critical Materials Virtual Investor Conference summary

Conference highlights

• Presented at the Precious Metals and Critical Materials Conference, focusing on gold exploration in Australia.

• Emphasized strong liquidity on TSX and OTC markets, with a solid balance sheet and AUD 14.4 million in cash.

• Investment portfolio valued at approximately AUD 38 million, including significant holdings in San Cristóbal and Elementum 3D.

• Board refreshed with experienced exploration and finance professionals to support strategic growth.

• ESG and sustainability practices highlighted, especially in engagement with traditional owners and rehabilitation.

Key project updates

• Becher project joint venture with De Grey progressing, with De Grey completing AUD 7 million minimum spend and aiming for AUD 25 million by June 2027.

• Nunyerry North maiden and follow-up drilling programs yielded promising gold intercepts, with further work planned for early 2025.

• Balla Balla project approvals secured; early-stage drilling to commence in the first half of next year.

• Belltopper project in Victoria delivered high-grade results and an exploration target of 320,000–570,000 ounces at 6.6–8.4 g/t.

• Lithium joint venture with SQM advancing, with Novo retaining non-lithium rights.

Financial and strategic developments

• Partial divestment of San Cristóbal investment brought in AUD 11.5 million, supporting exploration and debt reduction.

• IPO on ASX raised AUD 7.5 million; joint venture with SQM for lithium assets completed for AUD 10 million.

• Nullagine Gold Project sold after resource depletion, shifting focus to exploration.

• New project generation efforts led to the acquisition of the Onslow (Tullunga) project, with work set for early 2025.

• Ongoing search for drill-ready, high-quality projects to expand the exploration portfolio.