Novo is a leading gold explorer focused on making the next major gold discovery in Australia.
Novo owns a highly 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 current portfolio and identification of other value accretive opportunities.
Novo’s premium Pilbara exploration landholding, accumulated over several years, covers more than 10,500 sq km, providing significant growth 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 in the Pilbara, Novo entered into the Egina Joint Venture (Egina JV) with De Grey Mining Limited (ASX: DEG) for the advancement of exploration at Becher and surrounding tenements. Under the Egina JV, De Grey will 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 continues to explore compelling Pilbara gold targets to build a portfolio of advanced opportunities that provide an exploration platform to build the Company in size and scale and deliver on the growth strategy.
Novo will also continue to identify non-gold opportunities across its Pilbara landholdings, such as lithium, nickel, copper and other base metals across its tenement portfolio for monetisation through joint ventures or full divestment to realise 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.
Across Novo’s Western Australian and Victorian projects, the Company is committed to developing and optimising technical expertise and knowledge throughout a wide range of leading-edge exploration technologies.
In addition to its existing high-quality gold assets and its Egina JV, 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.