Novo Resources Investor Update
Thursday April 18th, 2024 at 12:30pm EST


Novo is a leading gold explorer focused on making the next major gold discovery in Australia. Novo owns a prospective portfolio of projects and exploration targets located in premium Australian gold jurisdictions – Western Australia and Victoria. The Company boasts a highly experienced exploration team, who are focused on discovering standalone gold projects with > 1 Moz development potential, through the current portfolio and identification of other value accretive opportunities. Novo’s Pilbara exploration tenure covers more than 7,500km2, providing significant growth and discovery opportunities. 

Novo is in a strong financial position to execute its exploration plans in 2024, with a cash balance of A$17.4 million (C$15.4 million) as of 25 March 2024. In addition, Novo's investment portfolio of shares held in ASX-listed companies and unlisted companies is currently valued at A$39.3 million (C$34.8 million).

  • Becher and the Egina JV in Western Australia, Novo’s flagship Becher project is adjacent to De Grey Mining’s 11.7 Moz Au (JORC 2012)1,2 Mallina Gold Project. In June 2023, following success with its exploration results at Becher, Novo entered into the Egina Joint Venture (Egina JV) with +A$2B Western Australian gold developer De Grey for the advancement of exploration at Becher and surrounding tenements. Under the Egina JV, De Grey may spend up to A$25 million within four years to earn a 50% direct stake in the relevant tenements, at which time the 50/50 Egina JV will be established

  • Nunyerry North Early-stage exploration success in delineating > 1.4 strike km of high tenor gold anomalism at surface is being aggressively progressed. Recent re-assayed results generated exciting high-grade intercepts including:
    • 6 m @ 6.12 g/t Au from 37 m (NC017)
    • 11 m @ 2.52 g/t Au from 22 m, including 6 m at 4.19 g/t Au from 22 m (NC014)
    • 13 m @ 1.89 g/t Au from surface (NC004)
    • 4 m @ 5.71 g/t Au from 40 m (NC015)
    • 17 m @ 1.34 g/t Au from 37 m, including 4 m at 3.77 g/t Au from 50 m (NC022)
    • 14 m at 1.14 g/t Au from 39 m, including 4 m at 2.16 g/t Au from 41 m (NC006)

  • Belltopper Gold Project in Victoria located ~50 km south of Fosterville Gold Mine in the in the Bendigo Tectonic Zone  where over 60 Moz Au were produced historically

  • Lithium exposure upside through strategic partnership with Liatam Mining Pty Ltd on the Quartz Hill Project

  • In December 2023, Novo entered into a joint venture with SQM Australia Pty Ltd (SQM), a wholly owned subsidiary of global lithium producer Sociedad Química y Minera de Chile S.A., in relation to a number of Novo’s prospective lithium and nickel exploration tenements forming the Harding Battery Metals Joint Venture (HBMJV)

  • Novo has an investment portfolio of shares held in ASX-listed companies and unlisted companies that is valued at A$39.3 million

  • Visit our website to learn more.
    Click the link for the Fact Sheet:
    Click the link for the Corporate Presentation:

  • Michael Spreadborough

    Executive Chairman

  • Kas De Luca

    General Manager-Exploration

  • FCIR

    Webinar Host

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