Novo Resources (NSRP.F) Precious Metals Summit Beaver Creek 2026 summary

Strategic overview

• Dual-listed on TSX and ASX, with a two-pronged strategy: active greenfields exploration and leveraging a strong balance sheet to seek new projects.

• Focused on gold, copper, and antimony across Western Australia, New South Wales, and Victoria.

• Market capitalization of CAD 35 million, with CAD 8 million in cash and CAD 37 million in liquid assets.

• Portfolio includes early-stage and advanced projects, with ongoing efforts to acquire additional advanced assets.

• Aggressive drilling approach supported by a globally experienced exploration team.

Key project updates

• Belltopper (Victoria) features a high-grade reef system, with an exploration target of 460,000–880,000 ounces at 6.7–8.9 g/t; 87,000 ounces converted to resource status as proof of concept.

• Extensive surface and diamond drilling (over 12,000 m in three years) has built confidence in resource potential.

• No need for a processing plant at Belltopper due to proximity to four existing plants within 60 km.

• Next drilling at Belltopper scheduled for Q1 2027.

Pilbara and greenfields exploration

• Wyloo, Teichman, and Egina are early-stage projects with promising soil and rock chip results, especially for polymetallic mineralization.

• Wyloo has completed 16 drill holes (2,600 m), confirming polymetallic potential; further drilling planned.

• Egina tenements, previously JV with De Grey, returned with CAD 8 million in work completed; new fieldwork and expert geologist engaged.

• Toolunga district-scale copper-gold system spans over 2,000 sq km, with three high-priority geophysical targets (Lobster, Minnie, Einstein); drilling to commence early next year.