Novo Resources Corp Expands High-Grade Gold Exploration Portfolio in Australia

New Projects Add High-Grade Gold Potential to Growing Portfolio

Novo Resources Corp Exploration Portfolio has secured farm-in agreements for three promising gold projects in Australia, expanding its exploration footprint beyond its existing Pilbara and Victoria assets:

John Bull Gold Project (New South Wales): Located in the New England Orogen, this project has delivered impressive early drill results including:

• 68 meters at 1.0 g/t Au from surface, including 23 meters at 2.02 g/t Au
• 94 meters at 0.95 g/t Au from 4 meters, including 66 meters at 1.14 g/t Au

The project features a 1.3 km gold-in-soil anomaly with rock chip samples grading up to 67.9 g/t Au, indicating significant potential for an Intrusion Related Gold System (IRGS).

Tibooburra Gold Project (Albert Goldfields, NSW): This advanced exploration opportunity in the historic Albert Goldfield has delivered exceptional high-grade results:

• 8 meters at 40.5 g/t Au from 70 meters, including 3 meters at 105.34 g/t Au
• 16 meters at 13.89 g/t Au from 1 meter, including 3 meters at 69.20 g/t Au
• 7 meters at 13.10 g/t Au from 97 meters, including 5 meters at 18.01 g/t Au

Recent field work completed in May 2025 confirmed these high grades with rock chip samples returning up to 89.6 g/t Au from historical mullock dumps.

Toolunga Gold Project (Onslow District, WA): This strategic land position consolidates approximately 1,520 sq km in an underexplored region with potential for intrusion-related gold systems, porphyry copper, and IOCG deposits.

Exploration Programs Delivering Results

Novo has initiated aggressive drilling campaigns across its expanded portfolio:

• A 1,996-meter RC drill program was completed at Tibooburra's Clone prospect in May 2025, with results pending
• RC drilling at John Bull Gold Project is scheduled for July 2025
• Aircore drilling at the Balla Balla Gold Project identified significant silver, antimony, and bismuth anomalies along the Sholl Shear Zone

Additionally, the company's Egina JV with Northern Star Resources (formerly De Grey Mining) continues to advance, with Northern Star committing to spend a further A$18 million by June 2027 to earn a 50% joint venture interest.

Strong Financial Position Supports Growth Strategy

The Novo Resources Corp Exploration Portfolio is well-positioned financially with:

• Cash of approximately A$10 million
• Investment portfolio valued at approximately A$35.6 million
• No debt

Understanding the Golden Opportunity: Intrusion Related Gold Systems

Novo's John Bull Project represents a classic Intrusion Related Gold System (IRGS), a deposit type characterized by gold mineralization associated with magmatic intrusions. These systems typically feature:

• Proximity to mineralizing intrusions (often granitic)
• Sheeted quartz vein arrays
• Distinctive geochemical signatures (Au-As-Bi-Te-W)
• Potential for both high-grade zones and large tonnage, lower-grade bulk mining targets

IRGS deposits can be highly profitable due to their relatively predictable geometry and continuous mineralization, with examples including Fort Knox in Alaska (8+ million ounces) and Timbarra in NSW.

"Our enhanced exploration portfolio now includes multiple high-grade gold projects with demonstrated potential for standalone operations. The impressive results at John Bull and Tibooburra confirm our strategy of targeting projects with over 1 million ounce gold equivalent development potential," states Michael Spreadborough, Executive Co-Chairman.

Why Investors Should Follow Novo Resources

Novo Resources Corp Exploration Portfolio presents a compelling investment case:

1. Diversified High-Grade Portfolio: The company has assembled a portfolio of gold and copper projects across multiple premier Australian mining jurisdictions with demonstrated high-grade results.

2. Strong Partnership with Northern Star: The Egina JV with Northern Star (ASX: NST) provides access to significant exploration funding and expertise in a region adjacent to the multi-million ounce Hemi gold deposit.

3. Focused Exploration Strategy: All projects demonstrate potential for standalone operations with more than 1 million ounce gold equivalent development potential.

4. Solid Financial Position: With approximately A$45.6 million in cash and investments and no debt, Novo has the financial flexibility to advance its exploration programs without immediate capital raising needs.

5. Experienced Leadership: Led by Dr. Quinton Hennigh and Michael Spreadborough, Novo combines technical expertise with corporate experience.

With multiple drilling programs underway or planned for H2 2025, investors can expect a steady flow of news as the Novo Resources Corp Exploration Portfolio works to unlock the value across its enhanced exploration portfolio.

Want to Capitalise on Novo's Expanding Gold Portfolio?

To learn more about Novo Resources' growing high-grade gold assets, strategic partnerships, and their robust exploration programs across Australia's premier mining districts, visit novoresources.com. With A$45.6 million in cash and investments backing their ambitious drilling campaigns, now is the perfect time to explore this compelling investment opportunity with significant near-term catalysts.