Novo Resources Advances Gold and Antimony Targets in Strategic Pilbara Exploration Push
Novo Resources Corp (ASX: NVO) has defined several promising high-grade gold and antimony targets across its Pilbara tenements, positioning the company for an active exploration by Novo Resources Corp Chess Depositary Interests 1:1 campaign in the second half of 2025.
Sherlock Crossing: Defining a Major Antimony Anomaly
The standout discovery comes from Novo's methodical exploration at the Sherlock Crossing prospect, where the company has identified a substantial 1.5 km antimony soil anomaly with values exceeding 15 ppm Sb. This coherent geochemical feature is accompanied by gold anomalism reaching up to 85 ppb Au.
Most significantly, all heritage and compliance approvals are now in place to commence exploration drilling at this target, which represents one of the most compelling gold-antimony opportunities in Novo's portfolio.
"We have been methodical in our assessment of advanced gold and antimony targets over the first half of 2025, which has set Novo up for a busy second half of exploration," said Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer.
Rock samples collected from a highly sheared and altered ultramafic unit at Sherlock Crossing returned impressive antimony values of up to 0.22% Sb without significant quartz veining, while targeted rock chip sampling near historical workings has previously yielded grades of up to 4.7% Sb and 146.7 g/t Au.
Expanding the High-Grade Opportunity Portfolio
Beyond Sherlock Crossing, Novo is advancing several other promising projects:
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Southeast Wyloo Au-Sb-Ag-Cu Project: Plans are underway for mapping and rock chip sampling in preparation for future drilling. Previous reconnaissance sampling in 2023 yielded exceptional results including 387 g/t Ag, 2.4% Cu, 0.38% Sb, and 0.52 g/t Au.
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Teichman Gold Prospect: The company has secured heritage access approval for low-impact exploration within the Yandeyarra Reserve, where historical rock sampling returned high-grade gold values including 25.5 g/t Au and 32.3 g/t Au over a 2.3 km strike.
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Balla Balla Project: Initial aircore drilling has identified broad zones of low-level gold anomalism with a peak value of 114 ppb Au along the Sholl Shear. Multi-element assays from bottom-hole samples revealed significant silver (up to 96.8 ppm), antimony (up to 182 ppm), copper (up to 353 ppm), and bismuth (up to 71.6 ppm).
Understanding Antimony: A Critical Metal for the Future
Antimony is classified as a critical mineral by many governments worldwide due to its essential applications in national defence, renewable energy technologies, and industrial manufacturing. Its ability to impart flame-retardant properties makes it vital for safety equipment, while its use in lead-acid batteries, semiconductors, and as a catalyst in chemical production ensures ongoing demand.
The metal is particularly important in the production of infrared sensors, night-vision devices, and ammunition, making it strategically significant for defence applications. With limited primary production sources globally and China controlling approximately 60% of supply, new antimony discoveries in stable jurisdictions like Australia have significant strategic value.
Global antimony prices have shown strong growth momentum in recent years, driven by supply constraints and increasing industrial demand.
Northern Star Steps In as New JV Partner
In a significant development for Novo's Egina Farm-in/Joint Venture, Northern Star Resources (ASX: NST) has become the company's new partner following its acquisition of De Grey Mining. Northern Star has begun reviewing previous data to plan future exploration by Novo Resources Corp Chess Depositary Interests 1:1 programs in this highly prospective region.
The Egina JV area covers a large and strategic land position in the Mallina Basin, sharing similar geological attributes to the nearby Hemi deposit, which hosts 13.6 million ounces of gold.
Investment Thesis: Why Novo Resources Deserves Attention
Novo Resources presents a compelling investment opportunity for several key reasons:
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Strategic Commodity Focus: The company's dual focus on gold and antimony positions it to benefit from both precious metal appreciation and the growing demand for critical minerals.
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Advanced Exploration Stage: With defined targets and approved drilling programs, Novo is poised to deliver significant news flow in the coming months.
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Strong Partnership: The Northern Star JV provides validation of the company's exploration model and access to additional expertise and resources.
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Regional Advantage: Novo's extensive landholding in the Pilbara region provides exposure to one of Australia's most prospective yet underexplored gold provinces.
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Execution-Ready: With all approvals in place, the company can immediately advance its highest-priority targets through drilling.
Looking Ahead: A Catalyst-Rich H2 2025
The second half of 2025 promises to be transformative for Novo Resources as the company executes multiple exploration programs across its portfolio. The maiden drilling program at Sherlock Crossing will test the extensive antimony anomaly, while mapping and sampling at Southeast Wyloo will help define future drill targets.
Meanwhile, the company's New South Wales projects are also advancing, with RC drilling recently completed at the Tibooburra Gold Project (results pending) and preparations underway for drilling at the John Bull Gold Project in early Q3 2025.
With gold prices maintaining strength and global interest in antimony growing rapidly, Novo Resources Corp Chess Depositary Interests 1:1 is strategically positioned to capitalise on two commodity trends simultaneously as it executes its ambitious exploration program in the coming months.
Ready to Capitalise on Novo's Exciting Gold and Antimony Potential?
Discover how Novo Resources is strategically advancing its high-grade gold and antimony targets across the Pilbara region, with maiden drilling at Sherlock Crossing set to commence. For investors seeking exposure to both precious metals and critical minerals in one of Australia's most prospective yet underexplored regions, now is the time to learn more. Visit Novo Resources' website today to explore their full portfolio and upcoming catalysts for the second half of 2025.
