Novo Resources (NSRP.F) Battery & Precious Metals Virtual Investor Conference summary

Strategic partnerships and financial position

• Secured a joint venture with De Grey, which will invest AUD 25 million in Becher Project exploration over four years for a 50% stake.

• Raised AUD 22 million in the past fifteen months through joint ventures and equity, strengthening the balance sheet.

• Holds significant unlisted investments in Electrum 3D and San Cristobal Mining, valued at AUD 21 million and AUD 24 million respectively, with plans to monetize within nine months.

• Maintains a strong shareholder base, including De Grey Mining, Mark Creasy, and Crescat Capital.

• Market capitalization is around AUD 40 million, with cash reserves of approximately AUD 12 million as of June.

Exploration highlights and project updates

• Becher Project, near De Grey’s Hemi gold project, is the main focus, with extensive drilling and similar geology to Hemi.

• Nunyerry North drilling extended mineralized strike length over 500 meters, with notable intercepts such as 13m at 2.68g/t and 17m at 1.85g/t.

• Balla Balla tenements target the Sholl Shear Zone, with drilling planned pending seasonal conditions.

• Belltopper Project in Victoria released an exploration target of 300,000–600,000 ounces, with recent drilling and re-assaying revealing high-grade results.

• Lithium joint ventures with SQM and Liatam provide additional upside, with ownership stakes of 75% and 80% respectively.

Operational discipline and ESG focus

• Portfolio rationalization led to a reduction in tenements, focusing only on high-potential areas.

• Strong technical team with global experience ensures disciplined project selection and rapid divestment of non-core assets.

• ESG initiatives include collaboration with nine Aboriginal traditional owner groups and a commitment to water management and land rehabilitation.

• Publishes annual sustainability reports, uncommon for junior explorers.