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 approximately AUD 20 million.

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

• Maintains a strong cash position of about AUD 10 million, supporting ongoing exploration and drilling activities.

Project highlights and recent developments

• Belltopper project in Victoria features an 8-reef high-grade gold system with historical production and an exploration target of 880,000 ounces.

• Recent drilling at Belltopper's Leven Star reef resulted in a published mineral resource of 87,000 ounces from 44 holes, with plans for further drilling later in the year.

• Wyloo project in Pilbara advanced from rock chip sampling to a maiden 2,600-meter RC drilling program, confirming a hydrothermal system.

• Egina Gold Project, previously joint ventured, returned to full control after significant cash and exploration investment from partners.

• Toolunga and other Pilbara projects remain at early exploration stages, with drilling planned for early next year.

Forward plans and exploration outlook

• Drilling activities will resume in September and continue through Christmas, focusing on proof-testing exploration concepts.

• Second and potentially third phase drilling planned at Wyloo to further delineate the hydrothermal system.

• Ongoing review and development of Egina and Toolunga projects, with new drilling campaigns scheduled.

• Continues to seek and evaluate new greenfields opportunities to expand the project portfolio.