Novo Resources (NSRP.F) investor relations material

Strategy and financial capacity

• Exploration portfolio spans >6,000 sq km across Western Australia, Victoria and New South Wales; focus on gold, copper and antimony, with some zinc results.

• Two-pronged strategy: pursue a standalone greenfield discovery or acquire advanced projects and progress them toward a mine decision.

• ~CAD 37m investment portfolio, including a dividend-paying San Cristobal holding that can be drawn down for exploration; CAD 8m cash.

• Acquisition capacity supported by the investment portfolio and a significant Australian tax-loss position.

Pilbara exploration

• ~5,000 sq km of Pilbara tenure; work shifts among projects as programs finish and assays are pending.

• Wyloo drilling totaled 3,600m earlier this year; hydrothermal signatures and soil stibnite up to 3.55%, with further targeting and drilling planned for 2027.

• Egina data review is underway after De Grey and Northern Star spent AUD 8m on exploration; year-end update and 2027 drilling targeted, subject to Aboriginal approvals.

• Toolunga is an IOCG-style target with strong geophysical anomalies; further soils and approvals precede planned 2027 drilling, alongside Egina as a priority.

• Teshman rock chips returned 77 g/t and 51 g/t; drilling may occur later this year, weather and access permitting, or around February 2027.

Victoria and New South Wales

• Belltopper exploration target ranges from 460,000 to 880,000 oz, based on northern reef systems; Leven Star’s 87,000 oz resource supports the reef concept.

• Belltopper development options are under evaluation; four processing plants lie within 60 km, and internal plans do not assume a new processing plant.

• Tibooburra drilling at Clone returned 12m at 5.9 g/t and 17m at 2.4 g/t gold; further Clone drilling is planned before Christmas, with Pioneer drilling in 2027.

• Tibooburra work with Manhattan Corporation is planned to continue through 2027 to assess the mineralization system and its potential.