Pilbara Exploration Update

HIGHLIGHTS

2 days Ago


HIGHLIGHTS Recent grant of tenure at Balla Balla coupled with completed heritage surveys and regulatory approvals, will allow Novo to complete advanced exploration activities including aircore (AC) drilling in H1 2025. Targeted follow-up rock chip sampling of the Sherlock Crossing historic antimony (Sb) mine yielded grades of up to 4.7% Sb and 146.

7 g/t Au . Rock chip sampling at Miralga , which is prospective for porphyry-related Cu-Au, yielded peak values of 1.2 g/t Au and 4.

4% Cu from intense stockwork veining and alteration. A 400 m by 200 m coherent gold soil anomaly was defined, directly correlating with the high vein density at the margin of a highly altered porphyry intrusion at Shady Camp . New and extended gold in soil anomalies delineated across the Tabba Tabba Shear Corridor , defined a 5 km-long linear soil gold anomaly greater than 20 ppb between No 6 Bore to Kilkenny targets, including elevated rock samples of up to 3.

8 g/t Au . Commenting on the Company’s exploration activity across its Pilbara assets, Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer, said: “Our exploration focus remains on progressing targeted reconnaissance and drilling programs across our project portfolio. The Egina Gold Camp, which is led by our flagship Becher Project, is located in a standout region for exploration and mining and this has been highlighted by the recently announced proposed A$5 billion acquisition of De Grey Mining by Northern Star.

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