Novo Resources Corp: Targeting Million-Ounce Gold and Copper Discoveries

Novo Resources: A Discovery-Driven Explorer Targeting High-Value Gold and Copper Assets

Novo Resources (ASX: NVO, TSX: NVO, OTCQB: NSRPF) has transformed into a highly focused exploration company with a clear strategy targeting standalone gold and copper projects across Australia's premier mining jurisdictions. With a strengthened portfolio of assets ranging from greenfields to advanced exploration, Novo is positioning itself to capitalise on strong gold and copper market fundamentals.

Strategic Focus on Value Creation Through Discovery

Novo's strategy centres on discovering standalone gold and copper projects with greater than 1 million ounce gold-equivalent development potential – the stage where maximum shareholder value is typically created. The company has strategically shifted its focus to:

1. High-risk, high-reward discovery opportunities – targeting the optimal value-accretion stages before development
2. Quality and value-focused development – advancing projects that demonstrate potential for sustained cashflow

This approach is supported by $7 million in cash and a substantial $34 million investment portfolio, providing Novo with a strong financial foundation to fund its aggressive exploration programmes.

Premium Portfolio Across Three Australian States

Novo has assembled an impressive exploration portfolio across Western Australia, New South Wales, and Victoria, with several projects advancing rapidly:

Belltopper Gold Project (Victoria)

Located just 50km south of Agnico Eagle's world-class Fosterville Gold Mine in Victoria's prolific Bendigo Tectonic Zone, Belltopper represents one of Novo's most advanced opportunities. The company recently announced an exploration target of 320,000 to 570,000 ounces of gold at impressive grades between 6.6 g/t and 8.4 g/t gold.

John Bull Gold Project (NSW)

This advanced exploration opportunity in the emerging New England Fold Belt shows significant potential with previous drilling returning impressive intercepts including:

• 94m at 0.95 g/t gold from 4m including 66m at 1.14 g/t gold
• 68m at 1.00 g/t gold from surface including 23m at 2.02 g/t gold

The mineralisation has been classified as an Intrusion Related Gold System (IRGS) with a 1.5km strike length of gold anomalism that remains largely untested.

Tibooburra Gold Project (NSW)

Covering much of the historic Albert Goldfield in northwest NSW, this high-grade opportunity has delivered excellent initial drilling results under Novo's management, including:

• 12m at 5.90 g/t gold from 16m, including 5m at 13.74 g/t gold
• 17m at 2.40 g/t gold from 59m including 9m at 4.14 g/t gold

Western Australia Portfolio

In Western Australia's Pilbara region, Novo holds approximately 5,200 square kilometres of highly prospective ground, with additional joint venture interests covering another 1,780 square kilometres. Key projects include:

• Egina JV with Northern Star Resources – Following Northern Star's acquisition of De Grey Mining, this partnership continues to explore ground adjacent to the multi-million-ounce Hemi gold deposit
• Balla Balla Gold Project – Early-stage exploration has identified broad zones of anomalous gold along the Sholl Shear Zone
• Sherlock Crossing – A promising gold-antimony target with historical rock chip samples returning values up to 146.7 g/t gold

Strong Market Fundamentals Supporting Gold and Copper Focus

Novo's strategic focus on gold and copper comes at an opportune time, with both metals experiencing significant price increases:

• Gold prices have risen approximately 60% since early 2024, reaching all-time highs around US$3,300 per ounce
• Copper prices have increased approximately 45% over the same period, with market analysts predicting worsening supply deficits in 2025

Experienced Leadership and Technical Team

Novo's board and management bring extensive global experience in exploration and development, led by Executive Co-Chairman Michael Spreadborough and Non-Executive Co-Chairman Dr. Quinton Hennigh. This leadership is complemented by a technical team with a proven track record of discovery and resource definition.

"Our strategic shift to a discovery-focused model positions Novo at the optimal point in the value chain, where significant shareholder returns can be generated through exploration success," stated Michael Spreadborough, Executive Co-Chairman.

Understanding Intrusion-Related Gold Systems (IRGS)

Several of Novo's key projects, including John Bull, demonstrate characteristics of IRGS deposits. These geological systems typically form around the margins of intrusive bodies where gold-bearing fluids have migrated through surrounding rocks.

IRGS deposits form when magma intrudes into the Earth's crust and releases metal-rich fluids that permeate into surrounding rock formations. These systems are characterised by:

• Networks of mineralised quartz veins with predictable geometry
• Potential for bulk tonnage mineralisation with good continuity
• Frequently observed association with certain geochemical signatures (gold, bismuth, tellurium)
• Often associated with specific igneous rock types, particularly reduced granites

Unlike typical orogenic gold systems that may be structurally complex, IRGS deposits often display more consistent mineralisation patterns, potentially leading to more straightforward mining scenarios if development proceeds. The recognition of IRGS characteristics at John Bull represents an important technical advancement in Novo's exploration approach.

Near-Term Catalysts

Investors can expect continuous news flow from Novo's aggressive exploration approach, with several programmes planned over the coming months:

• Sherlock Crossing – Drilling programme commencing in August 2025
• Southeast Wyloo – Field mapping and sampling leading to drill planning
• John Bull – RC drilling programme scheduled for H2 2025 targeting four key areas along the 1.5km vein system

Investment Thesis: Why Follow Novo Resources?

Novo Resources represents a compelling opportunity for investors seeking exposure to gold and copper exploration in tier-one jurisdictions. The company offers several key advantages:

1. Strategic portfolio spanning multiple high-potential projects across three Australian states
2. Strong financial position with $7 million cash and $34 million in investments
3. Clear focus on the value-creation phase of resource development
4. Technical expertise with a proven management team
5. Multiple near-term catalysts from ongoing exploration programmes

With gold prices at all-time highs and copper facing significant supply constraints, Novo's focus on discovering standalone projects with development potential positions the company well to deliver significant shareholder value through exploration success.

As Novo continues its discovery-driven strategy across its portfolio, investors have multiple opportunities for value creation across a diverse range of gold and copper assets in Australia's premier mining jurisdictions.

Want to Invest in a Gold and Copper Explorer with Multiple Near-Term Catalysts?

For investors seeking exposure to gold and copper exploration in tier-one Australian jurisdictions, Novo Resources offers a compelling opportunity with its portfolio of high-potential projects, strong financial position, and clear focus on value creation. To learn more about Novo's discovery-driven strategy across Victoria, New South Wales and Western Australia, and stay updated on their upcoming drilling programmes, visit https://novoresources.com today.