Novo Resources (NSRP.F) Noosa Mining Conference 2026 summary

Strategic focus and exploration approach

• Operates as a greenfields explorer, rotating projects based on early-stage results and disciplined exploration.

• Dual-listed on TSX and ASX, maintaining good liquidity and a flexible investment portfolio valued at about AUD 20 million.

• Aggressively seeks new projects, with a focus on gold and copper, but also explores antimony and silver.

• Maintains a strong cash position of approximately AUD 10 million, supporting ongoing exploration.

Project portfolio and recent activities

• Key projects include Belltopper (Victoria), Wyloo and Egina (Pilbara), Toolunga (Onslow), and a JV at Tibooburra.

• Drilling programs are ongoing, with a hiatus mid-year and plans to resume in September through Christmas.

• Belltopper features an 8-reef high-grade gold system with historical production and recent resource definition.

• Leven Star at Belltopper has a published mineral resource of 87,000 ounces from 44 holes, with potential for expansion.

Exploration results and forward plans

• Wyloo project advanced from rock chip sampling to maiden RC drilling, confirming a hydrothermal system.

• Early-stage drilling at Wyloo covered 2,600 meters, with plans for further phases to build toward discovery.

• Egina project, previously JV with De Grey and Northern Star, now fully returned, with significant prior investment.

• Toolunga identified three large geophysical targets, with drilling planned for early next year.

• Continues to build and test new greenfields targets, leveraging strong funding and a liquid investment portfolio.