Novo is a leading explorer focused on making the next major gold discovery in Australia.
Novo owns a prospective portfolio of projects and exploration targets located in premium Australian gold jurisdictions – Western Australia and Victoria.
The Company boasts a highly experienced exploration team, who are focused on discovering standalone gold projects with > 1 Moz development potential, through the current portfolio and identification of other value accretive opportunities.
Novo’s Pilbara exploration tenure covers more than 5,500km2, providing significant growth and discovery opportunities. The portfolio is led by the Becher and Nunyerry North projects in the Egina Gold Camp and the Balla Balla Gold Project. Novo has already delivered excellent success on the ground and generated a series of high-quality, multi-commodity projects.
In June 2023, following success with its exploration results at Becher, Novo entered into the Egina Joint Venture arrangement with +A$2B Western Australian gold developer De Grey Mining Limited (ASX: DEG) for the advancement of exploration at Becher and surrounding tenements. Under the Egina JV, De Grey may spend up to A$25 million within four years to earn a 50% direct stake in the relevant tenements, at which time the 50/50 Egina JV will be established.
Novo will continue to focus on key areas across its Pilbara portfolio to identify additional targets and develop a pipeline of exploration targets to provide a platform to grow the Company in size and scale and deliver on shareholder value.
At the Belltopper Gold Project in the highly prospective Bendigo Tectonic Zone of Victoria, exploration is focussed on a series of high-priority gold targets in the same terrain as Agnico Eagle’s (TSX: AEM) Fosterville gold mine.
Novo will also continue to identify non-gold targets across its tenure, such as lithium, nickel, copper and other base metals, to monetise through divestment and joint venture opportunities. Novo is currently a party to a number of earn-in or joint venture arrangements including the Quartz Hill Project, located in the Mosquito Creek Basin in the East Pilbara, with Liatam Mining and the Harding Battery Metals JV (HBMJV) located in the West Pilbara with SQM Australia Pty Ltd (SQM).
The Company continues to pursue value accretive exploration and near-term opportunities as it seeks to grow long-term shareholder value, leveraging the knowledge of its globally experienced exploration team.
