Novo Resources (NSRP.F) RIU Explorers Conference 2026 summary

Strategic focus and project pipeline

• Emphasis on greenfields exploration with a pipeline ranging from early-stage to advanced projects in Pilbara, Onslow, and New South Wales.

• Advanced exploration targets at John Bull and Tibooburra are drill-ready, pending tenement grants.

• Belltopper Gold Project in Victoria is 100% owned, with updated exploration targets and diamond drilling planned for the second half of the year.

• Joint venture and farm-in agreements, including with Northern Star, aim to advance projects to resource definition and drill-out stages.

• Portfolio includes both self-funded and strategically supported projects, with a focus on growing and diversifying assets.

Key exploration activities and results

• Pilbara region hosts large-scale tenements, with focus areas including Balla Balla, Teichman (Egina Gold Camp), and Wyloo.

• Teichman area, a joint venture with the Creasy Group, yielded high-grade gold, copper, and silver results, with RC drilling planned for H2.

• Balla Balla target shows promising alteration and low-level gold, with infill drilling scheduled early this year.

• Wyloo Southeast features high-grade antimony, silver, and gold, with maiden drilling set for Q2 after heritage clearance.

• Ongoing fieldwork and target development in Onslow and other Pilbara tenements, with a focus on efficient capital allocation.

Financial position and operational outlook

• Market capitalization stands at approximately $50 million, with AUD 8 million in cash as of December.

• Additional portfolio assets serve as a financial buffer for future drilling campaigns.

• Strong shareholder support and a capable team underpin ongoing and planned exploration activities.

• Drilling programs are scheduled across multiple projects from April through September, with further work at Belltopper in H2 and possibly into 2027.

• Commitment to advancing a diversified portfolio and accelerating drilling as access and compliance allow.