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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (187249)5/5/2025 3:41:43 PM
From: LoneClone  Read Replies (1) of 192380
 
Novo Resources: High Grade Gold Anomaly Extended at John Bull in Preparation for Drilling


finance.yahoo.com

Novo Resources Corp.
Mon, May 5, 2025 at 6:11 AM PDT 27 min read

TG1.AX
0.00%


NSRPF
0.00%


HIGHLIGHTS

  • Detailed mapping, soil sampling and rock chip sampling recently completed by Novo at the John Bull Gold Project follows previously reported outstanding results by TechGen Metals Limited (TechGen) (ASX: TG1)1.

  • Novo soil sampling extended the known > 100 ppb Au anomaly to ~ 1.5 km strike with a peak soil result of 1.59 g/t Au.

  • Novo rock chip sampling returned peak results of 67.9 g/t Au and 29 g/t Au from sheeted quartz veins in NW and NE trending mineralised structural zones, demonstrating potential for high-grade mineralisation.

  • Targets have been defined by high order soil anomalism and including sheeted quartz veins within preferred lithology, fault zones with intense sericite alteration and brecciation; and an Induced Polarisation geophysical anomaly co-incident with a major structure.

  • A ~1,500 m RC drill program is planned to commence in June 2025 (drill rig availability dependent), with four key targets identified.

  • The recent exploration campaign has significantly enhanced the understanding of the mineral system and strongly supports presence of an Intrusion Related Gold System (IRGS) model.

  • Element zonation suggests a proximal Sn-Bi-As core centred on a porphyritic intrusion mapped in the SW of the project area, flanked by intermediate Au-Mo-Cu-Sb-Te zones, and surrounded by the distal halo of sheeted veins with an Au-As-Sb-W association.

  • Peak results from multielement sampling include 0.49% W, 780 ppm Sb, 5.6 ppm Mo and 14.9 ppm Bi.




Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer, said: “The recent exploration mapping and sampling campaign at John Bull has provided some exceptional drill targets, which we are excited to test through a ~1,500 m RC program in June.”

“Sourcing drilling contractors is underway and governmental approvals for the drilling campaign are eagerly awaited. Detailed mapping has delineated a large gold system interpreted to be associated with a porphyry in the SW portion of the John Bull tenement. Future work will expand on mapping and sampling to allow targeting of the sheeted-vein system and porphyry-related mineral systems. We look forward to providing an update on the drilling commencement date in the next few weeks.”

PERTH, West Australia, May 05, 2025 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQB: NSRPF) is pleased to announce results from the exploration campaign at the John Bull Gold Project (John Bull) located in the New England District of NSW (Figure 1), where Novo has a farm-in arrangement with TechGen Metals Limited (ASX: TG1) (TechGen). The program was designed to guide effective targeting for RC drilling scheduled in late June (drill rig availability dependent) and to understand the controls on mineralisation.






Location of the John Bull Gold Project, in northeastern NSW.

Figure 1: Location of the John Bull Gold Project, in northeastern NSW.

The agreement with TechGen grants Novo an option to acquire an 80% interest in the Mick’s Bull tenement (EL9121) and a 70% interest in the John Bull tenement (EL8389), following two tranches of exploration work and pre-determined expenditure. Refer to Novo’s 13 December 2024 news release titled “Novo strengthens portfolio with two High-Grade gold projects in NSW, Australia” for the detailed terms of the agreement with TechGen.

John Bull is an advanced exploration opportunity, located approximately 49 km WNW of Grafton in the New England district of NSW. The tenure consists of two tenements and covers some 32 sq km (Figure 1). The project lies within the New England Orogen, a region known to host multiple gold and polymetallic mineral systems, including orogenic, intrusion-related, and skarn-style deposits.

The recent field campaign at John Bull included detailed outcrop mapping (Figure 2), rock chip sampling, and infill and step out soil sampling to be used for characterising local geology, identifying new targets, and investigating current high-value prospects for potential depth or strike extensions and zones of higher-grade mineralisation.

Multiple new targets warrant drill testing. Novo is planning an initial RC drill program of ~ 1,500 m, scheduled to commence in late June (drill rig availability dependent) once all compliance approvals have been received. Drilling will target dense sheeted quartz vein occurrences around the main John Bull historic sluicing area, in addition to three newly developed and untested targets over 1 km of strike highlighted during the recent mapping and surface sampling campaign.




Drone footage of mapping activities at John Bull

Figure 2 Drone footage of mapping activities at John Bull

Results from Recent Mapping, Soil and Rock Chip Sampling

In February 2025, Novo undertook an intensive campaign comprising geochemical surface sampling and detailed mapping across the John Bull tenement. The primary objective of the field program was to refine the geological understanding and target development ahead of planned drilling, building on previous work completed by TechGen1.

Based on recent mapping, the John Bull prospect represents a structurally controlled Intrusion Related Gold System. Host rocks including greywacke, fine arenite, shale, siltstone, and chert are intruded by several Triassic felsic dykes. Sedimentary rocks are tightly folded into a NW plunging ‘M’-shaped hinge zone which crosses the central part of the prospect (Figure 3). Generally, gold mineralisation is hosted in a very late stage moderately dipping NE-trending sheeted quartz–sulphide vein system, associated with an As–Sb–W geochemical signature. The highest density of sheeted veins and the focus of much of the historic hydraulic sluicing is hosted by an ~80 m thick fine arenite-siltstone unit. This zone is considered the most favourable lithology and is the priority target for drill testing in the upcoming program.

Stratigraphy is offset by regional-scale NW-trending sinistral faults that control the geometry of the Au-As soil anomaly and also represent priority targets. One of these NW trending shears in the central target area has intense sericite alteration and carries grades of up to 29 g/t Au (in recent Novo sampling (see Appendix 1). However, the highest gold grades occur in a NE-trending mineralised breccia mapped over 60 m strike, aligned with historic shafts, which crosscuts stratigraphy and has returned rock chip assays up to 67.9 g/t Au, plus several assay results > 5 g/t Au (Figure 4).

The sheeted vein system is proximal to a porphyry intrusion in the SW part of the John Bull tenement, which has an intense hornfels halo. Geochemical zonation as defined by limited multielement soil geochemistry shows an interpreted proximal Sn–Bi–As enriched core over the porphyry, an intermediate Au–Mo–Cu–Sb–Te zone and a distal Au–As–Sb–W halo (sheeted vein zone), indicating zoned metal dispersion.

Several significant (> 50 ppb) gold results were returned from 315 soil samples; with a peak result of 1.59 g/t Au (see Appendix 2). Infill soil sampling in the north supports the current gold-in-soil anomalism, previously delineated by TechGen – although remains patchy. Refer to Appendix 2 for results.




Regional geological interpretation map of the John Bull Project over LiDAR(TM).

Figure 3 Regional geological interpretation map of the John Bull Project over LiDARTM.




John Bull Main Workings interpreted geology showing preferred stratigraphy and vein arrays where outcrop can be identified. Refer to Appendix 1 for rock chip results

Figure 4 John Bull Main Workings interpreted geology showing preferred stratigraphy and vein arrays where outcrop can be identified. Refer to Appendix 1 for rock chip results

Key Targets and Planned Drill Program

Four target areas have been confirmed for RC drill follow up over 1 km strike length. Drilling will be prioritised in areas with structurally and lithological favourable zones defined by strong Au–As soil anomalies, vein density, and host rock contrasts.

  • John Bull Main – three target areas are planned for testing within this larger zone:

    • John Bull Breccia Zone - a NE trending zone approximately 100 m long where recent work yielded high grade rock chip samples including 67.9 g/t Au and three other samples > 5 g/t Au. This linear trend included two historic shafts. Refer to Appendix 1 for all results.

    • John Bull Shear – where recent mapping has highlighted strong sericite alteration along a broad NW trending zone of shearing and recent rock chip samples of up to 29 g/t Au. Refer to Appendix 1 for all results.

    • John Bull Sluicing Area - where recent mapping has delineated an E-W target zone in a fine sandstone-dominant unit, which was the focus for the main historic sluicing and with the broadest zone of high quartz vein density.

  • John Bull South – includes high grade soil anomalies up to 4.77 g/t surrounding and partly overlapping a monzodiorite intrusion, coupled with a large area of historic sluicing for gold. Refer to Appendix 2 for all results.

  • Hills Creek West A coincident IP conductivity anomaly and soil geochemical anomaly with peak value of 2.1 g/t Au1 occur along a regional NW trending fault.

  • Digger’s North – a very broad soil anomaly occurs where limited outcrop is present, in an area north of the previous drilling. Peak soil results include 10.0 g/t Au1 and soil geochemical anomalies are linear along the major NW trending faults within the broader N-S mineralised corridor.



The initial drill program of ~ 1,500 m is planned to commence in late June (drill rig availability dependent) with drilling planned to approximately 140 m depth.

Historic Exploration

Historic mining for gold at John Bull included several shafts and large areas of hydraulic sluicing of elluvial and alluvial gold. Soil sampling completed by TechGen highlighted an exceptionally high-order gold anomaly over 900 m long and 250 m wide at > 100 ppb Au with seven samples reporting > 4.5 g/t Au1.

TechGen also completed 17 RC holes for 2,249.5 m (2022 and 2023) with an effective test to ~120 m vertical depth. Peak results from four approximately 100 m spaced E-W sections of shallow RC drilling over 320 m strike (Figure 5) include (Figure 6):

  • 94 m @ 0.95 g/t Au from 4 m including 66 m @ 1.14 g/t Au, and
    17 m @ 1.08 g/t Au from 109 m (JBRC0006)1

  • 68 m @ 1.00 g/t Au from surface including 23 m @ 2.02 g/t Au (JBRC0001)1





John Bull drill hole locations, soil gold geochemical results and historical soil sampling locations. The location of drill Section A-A’ (see below) is also noted.

Figure 5: John Bull drill hole locations, soil gold geochemical results and historical soil sampling locations. The location of drill Section A-A’ (see below) is also noted.




John Bull - E-W Drill section (A-A’ on Figure 5) showing 130 m wide mineralisation and internal higher grades. System open below 120 m depth. Note, wider intercepts have no restriction on internal dilution.

Figure 6 John Bull - E-W Drill section (A-A’ on Figure 5) showing 130 m wide mineralisation and internal higher grades. System open below 120 m depth. Note, wider intercepts have no restriction on internal dilution.

All drill sections remain open at depth and the system remains open along strike. An Induced Polarisation (IP) geophysical survey over part of the target also produced anomalies over known mineralisation.

The above historical results were initially reported by TechGen and have been subsequently reported by Novo in accordance with the JORC Code in its announcment released to ASX on 13 December 2024 – Novo strengthens portfolio with two high-grade gold projects in NSW, Australia

No assurance can be given that Novo will achieve similar results from its upcoming drilling campaign to those disclosed in this section.

Future Work

Exploration activities after the Phase 1 drilling program will include:

  • Follow-up drilling pending results from Phase 1 including infill and extensional drill testing and diamond drilling to depth on selected holes.

  • Focus on porphyry related targets to the west and SW of the John Bull sheeted vein arrays with possible geophysical surveys and selected drilling.

Further Exploration Update

Exploration work is ongoing in Western Australia and in New South Wales, and below is a summary of the current progress:

  • Exploration drilling has been completed at the Balla Balla Gold Project with results pending2; and

  • Exploration drilling has commenced at the Tibooburra Gold Project2.

Authorised for release by the Board of Directors.

CONTACT

Investors:
Mike Spreadborough
+61 8 6400 6100
info@novoresources.com

North American Queries:
Leo Karabelas
+1 416 543 3120
leo@novoresources.com

Media:
Cameron Gilenko
+61 466 984 953
cameron.gilenko@sodali.com



QP STATEMENT


Mrs. Karen (Kas) De Luca (MAIG), is the qualified person, as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for, and having reviewed and approved, the technical information contained in this news release. Mrs De Luca is Novo’s General Manager Exploration.

JORC COMPLIANCE STATEMENT

New exploration results

The information in this news release that relates to exploration results at the John Bull Project is based on information compiled by Mrs De Luca, who is a full-time employee of Novo Resources Corp. Mrs De Luca is a Competent Person who is a member of the Australian Institute of Geoscientists. Mrs De Luca has sufficient experience that is relevant to the style of mineralisation and the type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mrs De Luca consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

Previously reported exploration results

The information in this news release that relates to previously reported Exploration Results from Novo’s NSW Gold Portfolio is extracted from Novo's ASX announcement entitled Novo Strengthens Portfolio with Two High-Grade Gold Projects in NSW, Australia released to ASX on 13 December 2024 which is available to view at www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the competent persons findings are presented have not been materially modified from the original market announcement.

Previously reported exploration target - Belltopper

The information in this news release that relates to the previously reported exploration target at Belltopper is extracted from Novo’s ASX announcement entitled Belltopper Mineralisation Modelling Defines Prospectivity released to ASX on 25 September 2024 which is available to view at www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information in the original market announcement and that the form and context in which the Competent Person’s findings are presented has not been materially modified from the original market announcement.

FORWARD-LOOKING STATEMENTS

Some statements in this news release may contain “forward-looking statements” within the meaning of Canadian and Australian securities law and regulations. In this news release, such statements include but are not limited to planned exploration activities and the timing of such. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the resource industry and the risk factors identified in Novo’s annual information form for the year ended December 31, 2024 (which is available under Novo’s profile on SEDAR+ at www.sedarplus.ca and at www.asx.com.au) and in the Company’s prospectus dated 2 August 2023 which is available at www.asx.com.au. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Novo assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that the Company will make additional updates with respect to those or other forward-looking statements.

_______________________________
1 Refer to Novo’s ASX announcement released to ASX on 13 December 2024 – Novo strengthens portfolio with two high-grade gold projects in NSW, Australia.
2 Refer to Novo’s ASX announcement released to ASX on 17 April 2025 – Business Review First Quarter 2025.


ABOUT NOVO


Novo is an Australian based gold explorer listed on the ASX and the TSX focussed on discovering standalone gold projects with > 1 Moz development potential. Novo is an innovative gold explorer with a significant land package covering approximately 5,500 square kilometres in the Pilbara region of Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia.

Novo’s key project area in the Pilbara is the Egina Gold Camp, where De Grey Mining (ASX: DEG) is farming-in to form a JV at the Becher Project and surrounding tenements through exploration expenditure of A$25 million within 4 years for a 50% interest. The Becher Project has similar geological characteristics as De Grey’s 12.7 Moz Hemi Project#. Novo is also advancing gold exploration south of Becher in the Egina Gold Camp, part of the Croydon JV (Novo 70%: Creasy Group 30%). Novo continues to undertake early-stage exploration elsewhere across its Pilbara tenement portfolio.

Novo has also formed a lithium joint venture with SQM in the Pilbara which provides shareholder exposure to battery metals.

Novo has recently strengthened its high-quality, Australian based exploration portfolio by adding the TechGen John Bull Gold Project in the New England Orogen of NSW, and Manhattan Tibooburra Gold Project in the Albert Goldfields in northwestern NSW. Both projects demonstrate prospectivity for significant discovery and resource definition and align with Novo’s strategy of identifying and exploring projects with > 1 Moz Au potential. These high-grade gold projects compliment the landholding consolidation that forms the Toolunga Project in the Onslow District in Western Australia.

Novo has a significant investment portfolio and a disciplined program in place to identify value accretive opportunities that will build further value for shareholders.

Please refer to Novo’s website for further information including the latest corporate presentation.




Property Map

*An Exploration Target as defined in the JORC Code (2012) is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource. Accordingly, these figures are not Mineral Resource or Ore Reserve estimates as defined in the JORC Code (2012). The potential quantities and grades referred to above are conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. These figures are based on the interpreted continuity of mineralisation and projection into unexplored ground often around historical workings. The Exploration Target has been prepared in accordance with the JORC Code (2012), as detailed in the Company’s ASX announcement released on 25 September 2024 (available to view at www.asx.com.au). The Tonnage range for the exploration target is 1.5Mt to 2.1Mt, the Grade range is 6.6g/t Au to 8.4g/t Au and the Ounces range from 320koz Au to 570 koz Au. The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed. Dr Christopher Doyle (MAIG) and Dr Simon Dominy (FAusIMM CPGeo; FAIG RPGeo), are the qualified persons, as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for, and having reviewed and approved, the technical information relating to the Exploration Target. Dr Doyle is Novo’s Exploration Manager - Victoria and Dr Dominy is a Technical Advisor to Novo.

#Refer to De Grey’s ASX Announcement, Hemi Gold Project mineral Resource Estimate (MRE) 2024, dated 14 November 2024. No assurance can be given that a similar (or any) commercially viable mineral deposit will be determined at Novo’s Pilbara Projects.

Appendix 1 –Table of Rock Sample Results, GDA2020 / MGA zone 56



SAMPLE_ID

SAMPLE_TYPE

PROGRAM_ID

EASTING

NORTHING

HEIGHT

Au ppm

As ppm

Bi ppm

Cu ppm

Mo ppm

Sb ppm

Sn ppm

Te ppm

W ppm

R08001^1

ROCK

2025

447026

6733057

211

0.32

>10000

8.78

5

2.37

33.7

8.3

6.77

1.5

R08002

ROCK

2025

446833

6733501

175

0.01

287

0.35

67

1.33

2.47

2.7

0.22

2.5

R08003

ROCK

2025

447917

6733722

123

0.01

12

0.01

13

1.86

2.85

0.2

<0.05

0.5

R08005

ROCK

2025

446758

6733398

185

0.28

29

2.83

233

0.53

1.55

6.8

0.32

4.1

R08006

ROCK

2025

447187

6733407

147

0.03

39

0.32

71

0.57

1.92

1.6

0.08

3.1

R08007

ROCK

2025

447212

6733399

150

<0.01

40

0.10

24

0.59

2.2

1.4

<0.05

3.2

R08008

ROCK

2025

447216

6733388

154

0.02

26

0.19

42

0.45

1.22

1.9

<0.05

2.6

R08009^1

ROCK

2025

447262

6733373

162

<0.01

30

0.14

16

3.1

2.95

1.7

<0.05

1.9

R08010

ROCK

2025

447382

6733394

193

<0.01

40

0.06

35

0.4

1.96

1.2

<0.05

2.1

R08011^1

ROCK

2025

446923

6733206

204

<0.01

38

0.21

35

0.58

0.95

4.4

<0.05

2

R08012

ROCK

2025

448069

6734186

112

0.65

2010

0.05

19

1.24

5.59

0.2

<0.05

0.9

R08013

ROCK

2025

447560

6733956

149

0.13

1535

0.07

11

0.94

3.68

0.3

0.27

1.3

R08014

ROCK

2025

446971

6733687

137

0.02

78

0.24

17

1.54

1.95

1.4

0.05

2.5

R08015

ROCK

2025

446951

6733679

139

<0.01

107

0.12

56

5.57

1.71

1.9

<0.05

4.8

R08017

ROCK

2025

446846

6733674

147

<0.01

5110

0.36

8

0.71

5.97

2

0.29

11.3

R08018

ROCK

2025

446801

6733687

150

0.02

59

0.15

25

2.22

2.03

1.9

0.05

8.9

R08022^1

ROCK

2025

446860

6733281

228

0.75

>10000

0.70

101

3.23

780

15.9

1.03

1

R08023^1

ROCK

2025

446859

6733282

228

0.06

222

0.94

94

0.61

4.54

4.9

0.14

5.3

R08024

ROCK

2025

447406

6733350

189

0.03

96

0.19

14

2.65

2.46

1

<0.05

1.7

R08025^1

ROCK

2025

447761

6733657

123

0.12

4310

0.07

12

0.51

10.3

0.8

0.30

4.7

R08026^1

ROCK

2025

447771

6733648

125

<0.01

950

0.20

436

0.28

61.8

0.4

0.13

2.8

R08028

ROCK

2025

446774

6733151

200

0.01

56

0.35

44

0.81

1.28

0.5

0.10

1

R08029

ROCK

2025

446739

6733100

200

0.01

101

0.49

31

1.18

2.09

4.9

0.15

1.9

R08030

ROCK

2025

446855

6732907

200

0.01

1890

14.85

16

0.82

3.4

22.1

<0.05

144.5

R08034

ROCK

2025

447529

6733551

139

0.78

5060

0.17

35

0.87

6.54

1.5

0.07

3.5

R08035

ROCK

2025

447527

6733555

139

0.02

345

0.26

39

0.56

3.27

2.5

<0.05

3.2

R08036

ROCK

2025

447527

6733552

139

67.9

1240

1.11

9

0.76

3.92

0.6

<0.05

1.5

R08037

ROCK

2025

447507

6733537

144

1.12

2520

0.14

10

0.85

8.11

0.7

0.06

6

R08038

ROCK

2025

447499

6733532

147

7.0

5730

0.41

4

0.57

11.2

0.8

0.05

2.2

R08039

ROCK

2025

447497

6733529

147

5.43

>10000

0.62

8

0.8

13.25

0.5

0.12

2.2

R08040

ROCK

2025

447496

6733530

148

0.43

8990

0.19

18

0.77

7.68

1.1

0.05

4

R08042

ROCK

2025

447492

6733628

138

1.2

1975

0.37

25

0.7

4.53

1.9

0.07

11.1

R08043

ROCK

2025

447487

6733644

136

0.49

3230

0.37

27

1.1

5.98

1.6

0.10

12

R08044

ROCK

2025

447675

6733572

128

0.01

159

0.07

27

0.42

1.68

1.3

<0.05

4.9

R08045

ROCK

2025

447540

6733556

140

0.03

586

0.20

16

1.06

2.89

3

<0.05

5.3

R08046

ROCK

2025

447607

6733548

138

0.15

518

0.14

29

0.54

1.56

1.3

0.06

6.5

R08047

ROCK

2025

447633

6733542

132

0.36

2130

0.12

28

0.53

3.92

1.2

0.14

354

R08048

ROCK

2025

447630

6733539

133

29.0

5650

0.28

26

0.69

7.05

1.7

0.49

4850

R08049

ROCK

2025

447627

6733536

134

0.21

974

0.16

33

0.53

2.9

1.4

0.08

27.7

R08050

ROCK

2025

447557

6733578

141

2.23

758

0.63

38

0.83

3.01

2.3

0.10

18.3

R08051

ROCK

2025

447539

6733606

136

0.27

4900

0.26

24

0.76

6.74

2.3

0.09

8.3

R08052

ROCK

2025

447527

6733630

128

0.11

1395

0.38

42

0.46

5.91

2.5

0.09

10.3

R08053

ROCK

2025

447526

6733634

127

0.56

639

0.34

31

0.48

2.94

1.9

0.06

11.7

R08054

ROCK

2025

447559

6733580

141

0.06

161

0.20

35

0.68

2.11

2.1

<0.05

4.2

R08082

ROCK

2025

447812

6734365

115

0.01

60

0.11

25

0.33

1.75

1.3

<0.05

4.8

R08083^1

ROCK

2025

447635

6734184

131

0.09

29

0.20

27

0.44

1.5

1

<0.05

3.6

R08084

ROCK

2025

447671

6734210

128

0.04

80

0.12

33

0.51

2.4

1.3

<0.05

4.5

R08085

ROCK

2025

447775

6734483

132

0.03

174

0.05

10

0.97

3.13

0.5

0.05

2.8

R08086

ROCK

2025

447431

6734123

132

0.01

40

0.33

7

1.28

0.69

2.8

<0.05

1.2

R08088

ROCK

2025

447428

6734114

132

0.01

205

0.31

32

0.45

3.45

2.5

0.05

2.8

R08089

ROCK

2025

447353

6734105

136

0.22

390

0.19

28

0.39

3.33

1.4

0.11

4.9

R08090

ROCK

2025

447457

6733517

160

0.55

4110

0.28

9

0.79

16.45

1.3

0.11

3.2

R08091

ROCK

2025

447475

6733520

156

9.18

>10000

0.88

10

0.96

30.9

0.4

0.28

22

R08092

ROCK

2025

447476

6733524

154

0.15

1655

0.18

7

1.42

4.41

3

<0.05

3.9

R08093

ROCK

2025

447431

6733534

159

0.04

267

0.06

21

1.2

1.46

1.1

<0.05

2.3

R08094

ROCK

2025

447430

6733534

159

0.86

3990

0.25

10

0.81

6.26

1.3

0.08

2.3

R08095

ROCK

2025

447356

6733666

123

2.14

3710

1.12

18

0.49

5.54

1.9

0.87

3

R08096

ROCK

2025

447351

6733666

123

0.05

37

0.23

29

0.64

2.13

1.7

0.05

1.9

R08097

ROCK

2025

447699

6733600

124

0.11

209

0.03

10

0.81

1.59

0.2

<0.05

0.4

R08098

ROCK

2025

447698

6733603

123

0.21

1750

0.12

27

0.38

3.19

0.9

0.05

3.1

R08099

ROCK

2025

447432

6734124

132

0.01

86

0.42

11

1.98

1.92

2.4

<0.05

0.9


^1 = Sample recorded as FLOAT.



Appendix 2 –Table of Soil Sample Results (20 ppb Au or greater), GDA2020 / MGA zone 56



SAMPLE_ID

SAMPLE_TYPE

PROGRAM_ID

EASTING

NORTHING

HEIGHT

Au ppm

As ppm

Bi ppm

Cu ppm

Mo ppm

Sb ppm

Sn ppm

W ppm

J6001

SOIL

2025

447,249

6,732,998

156

0.02

80

0.22

15

1.34

1.5

2.09

3.24

J6010

SOIL

2025

447,351

6,732,950

144

0.02

31

0.14

16

0.84

1.17

1.62

3.11

J6012

SOIL

2025

447,352

6,732,850

128

0.02

59

0.76

56

1.85

1.64

3.58

3.09

J6014

SOIL

2025

447,399

6,732,950

135

0.08

67

0.18

15

0.94

1.98

1.48

3.73

J6017

SOIL

2025

447,451

6,732,999

132

0.06

76

0.17

17

2.22

3.11

1.47

7.22

J6018

SOIL

2025

447,450

6,732,950

129

0.02

81

0.04

74

0.89

2.05

1.46

3.43

J6019

SOIL

2025

447,452

6,732,894

122

0.02

78

0.82

60

1.98

2.48

4.61

4.76

J6022

SOIL

2025

447,402

6,732,848

129

0.05

140

0.25

39

0.8

1.4

1.67

7.26

J6023

SOIL

2025

447,500

6,732,846

125

0.02

51

0.16

19

0.81

1.92

1.6

3.28

J6024

SOIL

2025

447,500

6,732,901

121

0.02

73

0.57

62

1.7

1.9

3.52

3.56

J6025

SOIL

2025

447,506

6,732,951

122

0.29

79

0.19

22

1.57

3.04

1.78

4.48

J6027

SOIL

2025

447,651

6,732,999

115

0.02

97

0.99

85

2.04

2.68

4.52

4.27

J6028

SOIL

2025

447,650

6,732,949

123

0.09

97

0.13

18

1.03

3.29

1.31

6.69

J6031

SOIL

2025

447,600

6,732,849

137

0.02

76

0.17

13

2.17

3.7

1.29

6.94

J6037

SOIL

2025

447,799

6,734,347

120

0.04

91

0.15

20

1.85

2.81

1.61

6.19

J6038

SOIL

2025

447,725

6,734,350

139

0.96

181

0.16

28

1.02

2.97

1.69

9.56

J6039

SOIL

2025

447,676

6,734,350

154

0.24

89

0.16

29

0.64

2.51

1.73

11.20

J6040

SOIL

2025

447,625

6,734,350

164

0.29

79

0.16

26

0.57

2.72

1.52

7.51

J6041

SOIL

2025

447,576

6,734,349

170

0.04

103

0.17

30

0.74

2.44

1.75

5.59

J6042

SOIL

2025

447,527

6,734,349

172

0.09

173

0.17

26

0.83

2.57

1.85

6.59

J6048

SOIL

2025

447,250

6,734,350

187

0.05

38

0.13

18

0.81

2.31

1.47

3.84

J6050

SOIL

2025

447,727

6,734,376

139

0.06

146

0.15

28

0.73

2.82

1.64

6.36

J6051

SOIL

2025

447,700

6,733,000

119

0.04

136

0.13

19

0.83

3.76

1.47

11.75

J6052

SOIL

2025

447,701

6,732,949

130

0.02

191

0.12

15

1.06

4.53

1.31

6.40

J6053

SOIL

2025

447,701

6,732,899

137

0.03

111

0.14

19

1.18

4.1

1.19

3.97

J6057

SOIL

2025

447,750

6,732,950

131

0.02

181

0.15

19

0.86

3.8

1.35

6.75

J6058

SOIL

2025

447,751

6,733,001

125

0.02

137

0.12

18

0.9

3.72

1.56

6.30

J6059

SOIL

2025

447,600

6,733,000

116

0.02

75

0.15

17

1.22

2.18

1.4

7.06

J6061

SOIL

2025

447,550

6,732,949

121

0.03

157

0.57

137

7.26

18.35

2.75

5.92

J6062

SOIL

2025

447,799

6,734,399

125

0.02

202

0.20

34

0.96

3

1.66

6.99

J6064

SOIL

2025

447,700

6,734,400

149

0.02

192

0.20

25

0.89

3.48

1.6

7.08

J6066

SOIL

2025

447,650

6,734,400

161

0.05

212

0.21

25

0.8

3.17

1.72

8.20

J6067

SOIL

2025

447,601

6,734,400

168

0.03

156

0.21

29

0.59

2.83

1.64

8.97

J6068

SOIL

2025

447,550

6,734,399

170

0.09

132

0.19

28

0.83

2.6

1.76

8.77

J6074

SOIL

2025

447,300

6,734,399

167

0.03

102

0.13

30

0.9

2.62

1.55

3.08

J6076

SOIL

2025

447,701

6,734,376

148

0.52

119

0.17

27

0.86

2.66

1.6

6.02

J6077

SOIL

2025

447,676

6,734,375

155

0.04

151

0.18

23

0.74

2.89

1.58

7.31

J6078

SOIL

2025

447,650

6,734,375

161

0.07

164

0.18

22

1.06

2.55

1.66

7.13

J6080

SOIL

2025

447,601

6,734,375

170

0.03

120

0.23

33

0.84

3.02

1.72

7.94

J6081

SOIL

2025

447,576

6,734,376

173

0.04

145

0.21

28

0.73

3.01

1.72

10.95

J6082

SOIL

2025

447,551

6,734,374

174

0.52

229

0.20

30

0.98

3.07

1.68

10.20

J6083

SOIL

2025

447,301

6,734,376

175

0.03

101

0.16

29

0.81

3.11

1.58

3.60

J6088

SOIL

2025

447,400

6,734,375

170

0.34

36

0.23

26

0.88

3.2

2.06

2.64

J6090

SOIL

2025

447,450

6,734,375

171

0.04

158

0.17

19

0.78

2.3

1.54

4.82

J6092

SOIL

2025

447,500

6,734,374

172

0.02

58

0.18

30

0.62

2.7

1.8

4.38

J6093

SOIL

2025

447,526

6,734,374

174

0.13

195

0.20

27

0.95

2.88

1.69

7.13

J6098

SOIL

2025

447,301

6,734,449

148

0.02

91

0.17

29

0.88

2.68

1.68

3.29

J6100

SOIL

2025

447,749

6,734,500

136

0.03

309

0.24

21

0.92

3.84

1.44

7.66

J6101

SOIL

2025

447,750

6,734,549

129

0.2

189

0.20

25

0.81

3.17

1.53

5.58

J6103

SOIL

2025

447,800

6,734,598

118

0.05

283

0.19

21

0.95

2.93

1.6

7.13

J6104

SOIL

2025

447,800

6,734,549

125

0.02

153

0.24

27

0.77

3.91

1.44

4.13

J6105

SOIL

2025

447,800

6,734,499

127

0.02

288

0.17

30

1.17

3.95

1.44

5.97

J6107

SOIL

2025

447,750

6,734,450

139

0.13

298

0.21

25

1.03

3.73

1.53

6.69

J6109

SOIL

2025

447,301

6,734,500

132

0.09

94

0.20

23

1.25

2.58

1.6

3.35

J6110

SOIL

2025

447,348

6,734,498

134

0.03

43

0.19

20

0.92

2.56

1.52

3.10

J6113

SOIL

2025

447,325

6,734,327

183

0.07

65

0.19

26

1.23

2.86

1.75

3.33

J6122

SOIL

2025

447,500

6,734,325

165

0.34

104

0.16

24

0.92

2.43

1.74

4.79

J6123

SOIL

2025

447,526

6,734,325

165

0.11

216

0.16

27

0.79

2.27

1.64

5.22

J6124

SOIL

2025

447,551

6,734,325

165

0.02

113

0.17

29

1.02

2.55

1.73

7.26

J6125

SOIL

2025

447,575

6,734,324

164

0.03

76

0.19

23

0.71

2.81

1.72

6.05

J6126

SOIL

2025

447,601

6,734,325

162

0.1

116

0.17

26

0.92

2.78

1.51

11.40

J6127

SOIL

2025

447,623

6,734,324

160

0.04

90

0.16

24

0.62

2.37

1.63

7.54

J6128

SOIL

2025

447,650

6,734,323

157

0.37

67

0.14

24

0.74

2.05

1.59

9.38

J6129

SOIL

2025

447,676

6,734,326

153

0.04

107

0.12

24

0.6

2.2

1.44

9.09

J6130

SOIL

2025

447,699

6,734,326

148

0.03

95

0.14

25

1.23

2.51

1.62

9.83

J6131

SOIL

2025

447,727

6,734,324

140

0.03

122

0.15

26

0.88

2.55

1.68

10.05

J6132

SOIL

2025

447,753

6,734,326

134

0.04

145

0.15

27

1.35

2.85

1.51

6.95

J6133

SOIL

2025

447,624

6,734,297

153

0.04

118

0.17

26

0.77

2.34

1.67

11.85

J6134

SOIL

2025

447,676

6,734,302

149

0.33

252

0.18

29

0.99

3.12

1.71

20.50

J6136

SOIL

2025

447,727

6,734,300

136

0.02

213

0.13

19

0.8

2.65

1.62

9.49

J6137

SOIL

2025

447,800

6,734,302

120

0.25

182

0.13

23

1.34

2.56

1.38

6.99

J6138

SOIL

2025

447,451

6,734,500

137

0.03

45

0.16

25

1.14

2.38

1.66

3.73

J6146

SOIL

2025

447,300

6,734,598

151

0.05

36

0.17

20

0.99

2.62

1.51

2.69

J6150

SOIL

2025

447,249

6,734,300

200

0.04

23

0.11

18

0.97

2.41

1.39

3.29

J6155

SOIL

2025

447,524

6,734,299

157

0.02

150

0.18

23

1.22

2.65

1.83

5.44

J6156

SOIL

2025

447,575

6,734,298

155

0.02

101

0.18

25

0.7

2.5

3.98

7.89

J6158

SOIL

2025

447,325

6,734,277

179

0.23

28

0.10

19

1.23

2.12

1.35

4.68

J6162

SOIL

2025

447,425

6,734,274

156

0.05

38

0.12

30

1.54

2.16

1.4

4.11

J6173

SOIL

2025

447,101

6,732,899

212

0.02

86

0.73

19

1.94

2.78

3.62

2.58

J6174

SOIL

2025

447,152

6,732,899

196

0.05

63

0.59

12

1.16

1.97

3.11

2.97

J6178

SOIL

2025

447,151

6,732,849

199

0.03

43

0.51

13

1.46

1.96

2.74

2.43

J6180

SOIL

2025

447,101

6,733,001

179

0.02

181

1.57

48

1.96

3.22

3.57

2.28

J6182

SOIL

2025

447,201

6,733,001

158

0.02

79

0.71

12

1.46

1.68

2.72

2.91

J6186

SOIL

2025

446,751

6,733,098

298

0.02

79

0.89

20

1.26

2.17

3.14

2.12

J6187

SOIL

2025

446,751

6,733,150

280

0.21

268

2.88

80

5.38

3.9

6.25

3.28

J6188

SOIL

2025

446,749

6,733,200

259

0.04

176

1.06

72

6.37

9.57

3.19

2.16

J6190

SOIL

2025

446,750

6,733,301

217

0.07

181

0.60

27

1.94

4.31

2.87

2.09

J6193

SOIL

2025

446,751

6,733,448

178

0.03

57

0.27

27

1.2

1.02

1.5

2.82

J6194

SOIL

2025

446,755

6,733,502

166

0.02

253

0.84

67

3.09

5.43

3.35

3.00

J6196

SOIL

2025

446,750

6,733,546

168

0.04

138

0.13

21

1.42

3.16

1.34

3.46

J6208

SOIL

2025

446,950

6,732,999

252

0.03

244

1.45

50

2.48

3.89

11.7

2.18

J6211

SOIL

2025

446,852

6,733,050

259

0.03

150

0.99

100

6.66

6.98

5.41

2.65

J6214

SOIL

2025

446,849

6,733,197

241

0.02

115

0.53

26

2.3

3.2

2.96

2.27

J6216

SOIL

2025

446,851

6,733,249

236

0.02

56

0.22

18

1.71

2.26

3.53

2.85

J6223

SOIL

2025

446,849

6,733,549

168

0.03

59

0.44

12

0.92

1.03

1.52

3.15

J6227

SOIL

2025

447,799

6,734,198

107

0.03

149

0.11

19

0.87

2.45

1.33

9.47

J6228

SOIL

2025

447,799

6,734,248

113

0.04

185

0.11

19

0.9

2.91

1.45

11.50

J6229

SOIL

2025

447,499

6,734,275

151

0.05

96

0.20

25

0.83

2.55

1.9

5.51

J6230

SOIL

2025

447,527

6,734,273

150

1.59

156

0.18

26

0.81

2.53

1.81

6.54

J6231

SOIL

2025

447,549

6,734,274

148

0.04

116

0.17

26

0.7

2.29

1.65

6.85

J6233

SOIL

2025

447,602

6,734,273

149

0.07

142

0.18

28

0.8

3.12

1.79

11.90

J6234

SOIL

2025

447,625

6,734,275

148

0.04

140

0.19

28

0.75

2.8

1.92

9.71

J6236

SOIL

2025

447,651

6,734,275

145

0.11

174

0.17

29

0.64

2.58

1.77

12.25

J6237

SOIL

2025

447,676

6,734,274

144

0.94

264

0.21

24

0.82

3.15

1.95

13.55

J6238

SOIL

2025

447,702

6,734,275

140

0.16

431

0.22

29

0.81

4.12

1.91

12.10

J6239

SOIL

2025

447,721

6,734,276

135

0.07

230

0.16

24

0.77

3.2

1.55

10.20

J6240

SOIL

2025

447,752

6,734,275

126

0.31

310

0.16

22

0.79

3.42

1.68

10.65

J6256

SOIL

2025

446,950

6,733,099

226

0.02

155

0.62

33

2.05

5.11

4.86

3.21

J6257

SOIL

2025

446,906

6,733,101

225

0.02

258

0.91

45

2.39

5.73

4.51

2.12

J6258

SOIL

2025

446,900

6,733,049

252

0.02

168

0.95

56

4.4

10.95

6.7

2.35

J6261

SOIL

2025

447,152

6,732,949

183

0.03

73

0.46

14

1.28

2.28

2.98

2.76

J6267

SOIL

2025

446,801

6,733,149

266

0.04

61

1.08

46

5.88

4.4

3.32

2.15

J6269

SOIL

2025

446,802

6,733,250

243

0.03

132

0.51

13

1.13

3.74

2.8

2.17

J6275

SOIL

2025

446,800

6,733,500

173

0.02

107

0.15

17

1.09

1.96

1.84

3.83

J6276

SOIL

2025

446,800

6,733,550

162

0.05

132

0.24

23

1.43

1.45

1.77

2.57

J6280

SOIL

2025

446,900

6,733,149

219

0.03

106

0.72

28

2.14

2.97

3.41

2.38

J6283

SOIL

2025

446,901

6,733,200

217

0.02

88

0.49

33

2.04

2.91

3.43

2.80

J6284

SOIL

2025

446,900

6,733,250

218

0.02

130

0.30

21

1.04

3.22

3.98

2.47

J6291

SOIL

2025

446,752

6,733,800

177

0.38

72

0.17

19

0.73

0.71

1.31

3.86

J6292

SOIL

2025

446,751

6,733,749

171

0.06

328

0.38

34

0.6

0.97

1.62

5.72

J6293

SOIL

2025

446,750

6,733,700

154

0.18

201

0.32

29

0.81

1.1

1.57

6.00

J6294

SOIL

2025

446,751

6,733,649

168

0.02

44

0.19

22

0.66

0.88

1.42

4.81

J6296

SOIL

2025

446,751

6,733,600

174

0.03

52

0.17

20

0.87

0.8

1.28

3.24

J6298

SOIL

2025

446,850

6,733,650

147

0.03

129

0.27

25

1.1

1.15

1.86

4.54

J6300

SOIL

2025

446,851

6,733,749

166

0.03

72

0.14

16

0.65

0.98

1.32

4.40

J6306

SOIL

2025

446,950

6,733,599

156

0.06

61

0.14

12

0.73

1.36

1.64

3.07

J6309

SOIL

2025

447,051

6,733,600

153

0.04

258

0.20

19

0.95

1.68

1.84

3.93

J6314

SOIL

2025

447,152

6,733,795

138

0.77

43

0.22

28

0.77

2.42

1.82

5.46

J6327

SOIL

2025

447,849

6,733,803

114

0.03

66

0.19

20

0.82

3.24

1.66

3.96

J6328

SOIL

2025

447,850

6,733,750

126

0.03

18

0.12

22

0.82

2.46

1.53

2.04

J6337

SOIL

2025

447,802

6,733,600

140

0.02

273

0.29

23

1.5

4.83

1.76

3.69

J6338

SOIL

2025

447,750

6,733,599

135

0.05

252

0.20

21

0.74

3.5

1.7

5.12

J6339

SOIL

2025

447,749

6,733,650

125

0.06

105

0.17

30

0.9

4.37

1.67

3.77

J6342

SOIL

2025

447,750

6,733,800

110

0.02

61

0.21

33

0.91

2.52

1.91

5.01

J6344

SOIL

2025

447,802

6,733,900

123

0.03

52

0.14

19

0.64

2.35

1.71

4.73

J6348

SOIL

2025

447,801

6,734,051

131

0.1

156

0.13

15

0.76

2.76

1.33

6.35




JORC Code, 2012 Edition – Table 1


Section 1: Sampling Techniques and Data

(Criteria listed in the preceding section also apply to this section)

Criteria

JORC Code explanation

Commentary

Sampling techniques

  • Nature and quality of sampling (e.g., cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

  • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

  • Aspects of the determination of mineralisation that are Material to the Public Report.

  • In cases where ‘industry standard’ work has been done this would be relatively simple (e.g., ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g., submarine nodules) may warrant disclosure of detailed information.

  • Novo Resources 2025 Rock Chips - Rock chips samples were collected by grab sampling 1 – 3 kg of material. Sample sites were selected based to be representative on the lithology sampled, and the same sampling technique was employed at each sample site where possible. Rock chip samples flagged as FLOAT in Appendix 1 were collected by grab sampling 1 – 3 kg of surface FLOAT rock chip material. FLOAT samples may not be representative of in-situ material. All samples were submitted to ALS Laboratories in Brisbane for drying, sieving and pulverising prior to assaying for Au (Au-AA26) and then selective multi-element assaying (ME-MS61). The laboratory used internal standards to ensure quality control and standards were added in the field.

  • Novo Resources 2025 Soil Samples - Soil samples were collected from small pits 10 cm – 30 cm in depth and sieved to either <2mm or <5mm as dictated by moisture content <2mm field sieved sample weights between 0.7kg and 1kg were recorded. <5mm field sieved sample weights between 1 to 3kg were recorded. Samples were submitted to ALS Laboratories in Brisbane for drying, sieving and pulverising prior to assaying for Au (Au-AA26) and then selective multi-element assaying (ME-MS61L). The laboratory used internal standards to ensure quality control and standards were added in the field.

  • TechGen 2022 and 2023 Soil Sample - Soil samples were collected from approximately 10-25 cm depths. Approximately 250 grams of -5 mm sieved soil was collected into a paper sample packet. Samples were submitted to ALS Laboratories in Brisbane for drying, sieving and pulverising prior to assaying for Au (Au-AA24) and then selective multi-element assaying (ME-MS61). The laboratory used internal standards to ensure quality control and standards were added in the field.

  • TechGen 2022 Drilling Reverse Circulation (RC) - Samples were submitted to ALS Laboratories in Brisbane for drying and pulverising to produce a 30g sample for Fire Assay gold analysis (Au-AA23). Samples of greater than 10glt Au were assayed by overlimit method Au-GRA21. A multi-element suite of elements was assayed by ICP-AES following a multi acid digestion (ME-ICP61). The laboratory used internal standards to ensure quality control.

  • TechGen 2023 Drilling Reverse Circulation (RC) - drilling samples were collected as 1 metre riffle split samples. The 1m samples were collected after passing the bulk sample through the splitter to create a sample of 1.5 - 3.5kg. Samples were submitted to ALS Laboratories in Brisbane for drying and pulverising to produce a 500 g sample for PhotonAssay gold analysis (Au-PA01) in Perth. The laboratory used internal standards to ensure quality control.



Drilling techniques

  • Drill type (e.g., core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple or standard tube, depth of diamond tails, face-sampling bit, or other type, whether core is oriented and if so, by what method, etc).

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC) - RC drilling used a track mounted Ingersol-Rand T4 drill rig with a 5 3/4-inch face sampling hammer. An auxiliary compressor and booster were also utilised for some drill holes. Holes were surveyed downhole using a Reflex North Seeking Gyro tool.

Drill sample recovery

  • Method of recording and assessing core and chip sample recoveries and results assessed.

  • Measures taken to maximise sample recovery and ensure representative nature of the samples.

  • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC) - Recovery of drill chip material was estimated from sample piles and recorded at the time of drilling. Recoveries were considered adequate. The cyclone was regularly checked and cleaned. There is no relationship between sample recovery and grade

Logging

  • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

  • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

  • The total length and percentage of the relevant intersections logged.

  • Novo Resources 2025 Rock Chips - Rock chip samples are geologically logged with quantitative and qualitative data collected including a description of lithology, textural characteristics, mineral characteristics, vein type and vein densities, and alteration.

  • Novo Resources 2025 Soil Samples - Soil sample descriptions were recorded in the field for all samples.

  • TechGen 2022 and 2023 Soil Sample - Soil sample descriptions were recorded in the field for all samples.

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC). All drilling was geologically logged by a geologist at the time of drilling. Logging was qualitative in nature. All holes were geologically logged in full. Geotechnical logging has not been carried out.

Sub-sampling techniques and sample preparation

  • If core, whether cut or sawn and whether quarter, half or all core taken.

  • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

  • For all sample types, the nature, quality, and appropriateness of the sample preparation technique.

  • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

  • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.

  • Whether sample sizes are appropriate to the grain size of the material being sampled.

  • Novo Resources 2025 Rock Chips - Rock chip samples were dried, crushed and pulverised with 85% passing < 75 µm (PUL-23) by ALS to create a 50 g charge, then assayed for Au by fire assay Au-AA26. Multi-Element Analysis of rock chips entailed Four-acid digestion with ICP-MS finish (ME-MS61). The sampling techniques and sample sizes are considered appropriate for this style of mineralisation.

  • Novo Resources 2025 Soil Samples - No compositing of samples was undertaken. Soil samples submitted for assay were dried and sieved to -2mm for a consistent sample medium (RY-22). All samples were then pulverised to 85% passing 75µm (PUL-32). Soils were analysed for Au with a 50 g aliquot digested via fire assay and analysed via AAS finish (Au-AA26). Multi-Element Analysis of soils entailed Four-acid digestion with ICP-MS finish with ultra-trace level detection (ME-MS61L). The sampling techniques and sample sizes are considered appropriate for this style of mineralisation.

  • TechGen 2022 and 2023 Soil Sample - No compositing of samples was undertaken. The soil samples were placed in a pre-numbered paper packet and submitted to ALS Laboratories in Brisbane. Sample preparation involved drying and pulverising of the whole sample. Laboratory repeats and standards were used. Sample sizes are considered appropriate for the grain size of the material sample.

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC). The 1m samples were collected after passing the bulk sample through the splitter to create a sample of between 1.5 -3.5kg and placed in a pre-numbered calico bag and submitted to ALS Laboratories in Brisbane. Most samples were dry although some were moist or wet. These details were recorded at the time of drilling and sampling. Sample preparation for drill samples involved drying the whole sample, pulverising to 85% passing 75 microns. 2022 - A 30-gram sample charge was used for the Fire Assay analysis. 2023 - A 500 gram sample charge was then used for the PhotonAssay analysis. Laboratory repeats (1:20) and standards (1:20) and internal TechGen standards and blanks have been used to assess laboratory accuracy and reproducibility. Sample sizes are considered appropriate for the grain size of the material sampled.

Quality of assay data and laboratory tests

  • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

  • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

  • Nature of quality control procedures adopted (e.g., standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (if lack of bias) and precision have been established.

  • Novo Resources 2025 Rock Chips - Rock chip samples were delivered to ALS Laboratories in Brisbane. Rock chip samples were dried, crushed and pulverised with 85% passing < 75 µm (PUL-23) by ALS to create a 50 g charge, then assayed for Au by fire assay Au-AA26. Multi-Element Analysis of rock chips entailed Four-acid digestion with ICP-MS finish (ME-MS61). This is considered an estimation of total gold content. Internal protocol includes inserting 2 CRM standards and 2 blanks per 100 samples or at least one of each per sample submission. The laboratory used internal standards to ensure quality control. The assaying and laboratory procedures used are considered appropriate for the material tested. No QAQC issues were detected.

  • Novo Resources 2025 Soil Samples – Soil samples were delivered to ALS Laboratories in Brisbane. Soil samples submitted for assay were dried and sieved to -2mm for a consistent sample medium (RY-22). All samples were then pulverised to 85% passing 75µm (PUL-32). Soils were analysed for Au with a 50 g aliquot digested via fire assay and analysed via AAS finish (Au-AA26). Multi-Element Analysis of soils entailed Four-acid digestion with ICP-MS finish with ultra-trace level detection (ME-MS61L). This is considered an estimation of total gold content. Internal protocol includes insertion of at least 2 blanks 2 CRM standards and 4 field duplicates per 100 samples. The laboratory used internal standards to ensure quality control. The assaying and laboratory procedures used are considered appropriate for the material tested. No QAQC issues were detected.

  • 2017 IP Survey - IP data was reprocessed by Fender Geophysics in 2022. Ground IP survey (Time domain Induced Polarisation/ Resistivity). Array: Dipole-Dipole Array (DDIP). Station spacing: 100m. Line spacing: 200m apart and 150m apart. Line length: 1.5km. Line direction: East – West.

  • TechGen 2022 and 2023 Soil Sample - The samples were delivered to ALS Laboratories in Brisbane. Samples were crushed and pulverised. Samples were assayed by fire assay Au-AA24 and some by ME-MS61 following digestion. This is considered an estimation of total gold content. A package of multi- elements was also assayed for. The laboratory used internal standards to ensure quality control. The assaying and laboratory procedures used are considered appropriate for the material tested.

  • TechGen 2023 Drilling Reverse Circulation (RC). The samples were delivered to ALS Laboratories in Brisbane. Samples were crushed and pulverised. 2022 samples were assayed by Fire Assay. This is considered an estimation of total gold content. Samples were also assayed for a multi-element suite by ICP-AES following a multi-acid digestion. 2023 Samples were assayed by PhotonAssay. This is considered an estimation of total gold content. Multielements were no assayed. The laboratory used internal standards to ensure quality control. TechGen also inserted standards and blank standards into the sample sequence submitted for assay. The assaying and laboratory procedures used are considered appropriate for the material tested. No geophysical tools were used in determining element concentrations.

Verification of sampling and assaying

  • The verification of significant intersections by either independent or alternative company personnel.

  • The use of twinned holes.

  • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

  • Discuss any adjustment to assay data.



Novo Resources 2025 Rock Chips & 2025 Soil Samples - Primary data was collected in the field and stored using database compatible excel templates which were then forwarded to the database manager email for upload to the Geobank (v2022.5) database, buffered through a validation portal that ensures code and primary record compliance. Geobank is a front-end UX/UI tender software platform (developed and sold by Micromine) attached to a SQL v15.1 server. Assay data was loaded from lab certificates received from the registered laboratory by an internal database manager or external database consultant, and industry-standard audit trails and chain-of-custody was adhered to. Verification included checking the data against original logs and utilising laboratory certificates. No adjustments of the assay data were made.

  • TechGen 2022 and 2023 Soil Sample - The assay results were checked by separate company personnel. Sample number, GPS coordinates and description were recorded in the field into a notebook. No adjustment has been made to assay data

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC). Significant intersections have been independently verified by external consultants and TechGen personnel. Twinned drill holes are not considered necessary at this stage. Field data was collected onto paper log sheets and then entered digitally. The assay results were checked by separate external consultants and company personnel. Sample number, GPS coordinates and description were recorded in the field. No adjustment has been made to assay data.

Location of data points

  • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

  • Specification of the grid system used.

  • Quality and adequacy of topographic control.

  • Novo Resources 2025 Rock Chips & 2025 Soil Samples - All surface sample locations were recorded by hand-held GPS using the GDA 2020 MGA zone 56 co-ordinate system. Topographic control is considered adequate at this stage +/- 1Om.

  • 2017 Ground IP - Ground IP survey location of data points using a 12 channel GPS receiver.

  • TechGen 2022 and 2023 Soil Sample - Sample locations were taken from a Garmin handheld GPS unit. The grid system used is GDA94/MGA94 Zone 56. Topographic control is considered adequate at this stage +/- 1Om

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC). Drill hole location coordinates were taken from a Garmin handheld GPS unit. Downhole surveys were collected using a reflex North Seeking Gyro tool. The grid system used is GDA94/MGA94 Zone 56. Topographic control is considered adequate at this stage +/- 1Om, although hole locations will be resurveyed where possible to at supply adequate RLs for sectional interpretation.

Data spacing and distribution

  • Data spacing for reporting of Exploration Results.

  • Whether the data spacing, and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

  • Whether sample compositing has been applied.

  • Novo Resources 2025 Rock Chips - Rock samples are considered indicative only of potential grade tenor. These do not necessarily represent or imply any continuity or scale potential. Limited GRAB samples flagged as FLOAT are not necessarily representative of in situ mineralisation.

  • Novo Resources 2025 Soil Samples – First pass, reconnaissance soil samples are taken on a nominal 50 m x 100 m grid where no prior sampling exists. Infill sampling on various grids down to 25 m x 25 m has been completed across zones of significant old anomalism where tighter resolution of data is required.

  • 2017 Ground IP - Ground IP survey (Time domain Induced Polarisation/ Resistivity). Array: Dipole-Dipole Array (DDIP). Station spacing: 100m. Line spacing: 200m apart and 150m apart. Line length: 1.5km. Line direction: East - West. The spacing is industry standard and appropriate for the size of the mineralising system and known disseminated pyrrhotite within the mineralised envelope.

  • TechGen 2022 and 2023 - Soil Sample – 25 x 25 m to 50 x 50 m sample points which produces unbiased data suitable for the style of mineralisation explored for.

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC). Refer to ASX Announcement by Novo Resources Corporation on December 13th 2024 – “Novo Strengthens Portfolio With Two High-Grade Gold Projects in NSW, Australia,” for results pertaining to TechGen RC drilling programs. Data spacing is varied but the drill holes reported are along three/four separate drill lines with spacings between holes of 30 m – 60 m. Data density is appropriately indicated in the on driII hole location plans and cross section images. No Resource or Ore Reserve estimates are presented.

Orientation of data in relation to geological structure

  • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

  • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

  • Novo Resources 2025 Rock Chips - Rock chip sampling across potentially mineralised structures and vein sets also incorporates host rocks.

  • Novo Resources 2025 Soil Samples – Soil sampling extends and infills the original TechGen programs, so logistics dictate the same grid orientation. The current grid orientation covers multiple potential trends of mineralisation and a folded stratigraphy and is considered appropriate.

  • 2017 Ground IP E-W lines are appropriate for the known mineralisation trend NNE to N-S and oblique to stratigraphy.

  • TechGen Soil Sampling 2022 and 2023 - Soil sample grids are square (nominally E-W orientated).

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC). Mineralised quartz veins observed at surface are orientated roughly NNE dipping at 40 to 60 degrees east. As above, based on observations to date, sampling is considered unbiased... To accurately sample the interpreted orientation, drillholes were oriented across the interpreted mineralised bodies, perpendicular to the interpreted strike of mineralisation. Holes were given a design dip of -60 degrees. No sampling bias from the orientation of the drilling is believed to exist.

Sample security

  • The measures taken to ensure sample security.

  • Novo Resources 2025 Rock Chips & 2025 Soil Samples - All samples are stored and managed on site by internal staff. Samples are then transported by reputable companies to a registered laboratory where they are stored in a locked facility before being tracked and processed through the preparation and analysis system at the laboratory.

  • TechGen 2022 and 2023 Drilling Reverse Circulation (RC) and Soil Sampling. Samples were taken and delivered to ALS Laboratories by company personnel.

  • TechGen Soil Sampling 2022 and 2023 - Samples were taken and delivered to ALS Laboratories by company personnel.

Audits or reviews

  • The results of any audits or reviews of sampling techniques and data.



  • TechGen 2022 and 2023 Soil Sampling. Sampling techniques are consistent with industry standards. No formal audit has been completed on the data being reported.




Section 2: Reporting of Exploration Results


(Criteria listed in the preceding section also apply to this section)

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

  • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

  • The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area.

  • The John Bull Project is located on EL 8389 (John Bull) and EL 9121 (Micks Bull). EL 8389 is owned 90% by TechGen NSW and 10% by Mr Sloot. EL 9121 is owned by TechGen NSW.

  • For details of the binding term sheet, refer to ASX Announcement by Novo Resources Corporation on December 13th 2024 – “Novo Strengthens Portfolio With Two High-Grade Gold Projects in NSW, Australia”.

  • The project is within private grazing pastures

  • The TechGen tenements fall within the Grafton-Ngerrie Local Aboriginal Council. There are no Native Title Determinations or active Claims over the tenements. This area will be monitored for the lodgement of a new claim

  • The tenements are currently in good standing and there are no known impediments.

Exploration done by other parties

  • Acknowledgment and appraisal of exploration by other parties.

  • Kennecott Exploration (Australia) and Southern Goldfields 1983 and 1985, completed a 220m long costean and highlighted the potential of the area. Mapping of veins and old workings/sluicing, plus selected rock chip sampling and stream sediment sampling in the district, was also conducted.

  • Fender Geophysics completed 3 IP lines in 2017.

  • Zenith Minerals vended into the project in 2020, and completed field trips including some mapping

  • TechGen Metals Ltd 2022/2023 competed additional field work including grid soil sampling which highlighted an exceptionally high-order gold anomaly over 0.9 km long and 250m wide, and drilling including 17 RC drill holes for 2249.5 m, plus re-processing IP. Other work includes rock chip sampling.

Geology

  • Deposit type, geological setting, and style of mineralisation.

  • The John Bull Project target consists of abundant sheeted veins in a thermal aureole in Permian-Carboniferous sediments around a large Triassic Granite, in a NE trending zone. The target style is Fort Knox/ similarities to the recent Snowline discovery in the Yukon. The mineralisation is interpreted as a reducing IRG, with Au (As) late stage sheeted veins hosted in micro-monzodiorite, greywacke and reducing black shale. Other intrusions within the target area include trachyte, lamprophyre and dolerite. A regional NW trending structure truncates geology in the John Bull target area.

Drill hole Information

  • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes, including Easting and northing of the drill hole collar, Elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar, dip and azimuth of the hole, down hole length and interception depth plus hole length.

  • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case

  • Refer to ASX Announcement by Novo Resources Corporation on December 13th 2024 – “Novo Strengthens Portfolio With Two High-Grade Gold Projects in NSW, Australia”.

Data aggregation methods

  • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g., cutting of high grades) and cut-off grades are usually Material and should be stated.

  • Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

  • The assumptions used for any reporting of metal equivalent values should be clearly stated.

  • TechGen drilling results 2022 were provided at > 0.15 g/t Au with intervals >0.5 g/t Au stated with no top cuts or metal equivalents and up to 4m internal dilution.

  • TechGen drilling results 2023 were provided at > 0.5 g/t Au with intervals >1 g/t Au stated with no top cuts or metal equivalents and up to 3m internal dilution

Relationship between mineralisation widths and intercept lengths

  • These relationships are particularly important in the reporting of Exploration Results.

  • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

  • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g., ‘down hole length, true width not known’).

  • Drilling is perpendicular to the mineralised vein orientation and oblique to stratigraphy. Drill hole dip angles at 60 degrees provide intercepts that are close to true width (estimated 80 to 90%)

Diagrams

  • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

  • Refer to the body of the release for appropriate maps and diagrams.

Balanced reporting

  • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

  • Due to the large number of soil samples, not all results are reported in Appendix 2. All results 20 ppb or greater are reported.

  • All rock sample results are reported in Appendix 1.

  • For significant intercepts previously published by TechGen, please refer to ASX Announcement by Novo Resources Corporation on December 13th 2024 – “Novo Strengthens Portfolio With Two High-Grade Gold Projects in NSW, Australia”.

Other substantive exploration data

  • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

  • Additional data not reported here is rock chip sampling from several companies and stream sediment sample data. These data support the documented understanding of the project but cannot be suitably validated for inclusion.

Further work

  • The nature and scale of planned further work (e.g., tests for lateral extensions or depth extensions or large-scale step-out drilling).

  • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

  • Refer to the body of the release. Novo intends to complete a 1,500 m RC drilling program, focused on testing 4 key targets on the John Bull Project, including known high-density vein sets in key priority areas.

  • Further work will also involve:

  • Follow-up drilling pending results from Phase 1 including infill and extensional drill testing and diamond drilling to depth on selected holes.

  • Future focus on porphyry related targets to the west and SW of the John Bull sheeted vein arrays with possible geophysical surveys and selected drilling.

  • Additional mapping, soils and rock chip sampling.

  • Stream sediment sampling.


No Section 3 or 4 report as no Mineral Resources or Ore Reserves are reported in this Appendix

Photos accompanying this announcement are available at:

globenewswire.com

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