TSX-V: NVO / OTCQX: NSRPF Corporate Presentation – Diggers & Dealers, 2018 This document is for information purposes only and is not an offer to sell, nor a solicitation of an offer August 8, 2018 to purchase, any securities. It does not purport to contain all of the information that a prospective Discovering a New Goldfield in Australia investor may require and it is not intended to provide any legal, tax or investment advice.
Some statements in this presentation contain forward-looking information (within the meaning of Canadian securities legislation), including without limitation statements as to the potential, through further drilling, to expand and upgrade to the indicated category the inferred resources described in this presentation, and that a preliminary economic assessment will be undertaken later this year. 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, the ability to complete the drilling programs and other exploration activities as currently contemplated, the receipt of successful results as drilling proceeds, customary risks of the mineral resources exploration industry as well as Novo Resources Corp. (“Novo” or the “Company”) having sufficient cash to fund the planned drilling and other activities, as well as other risks and factors mentioned in the continuous disclosure filings of Novo which can be found under its profile on the SEDAR website (www.sedar.com). Shareholders and prospective investors are therefore cautioned not to place undue reliance on forward-looking information. Novo undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Dr. Quinton Hennigh, the Company’s Chairman, President and Director and a Qualified Person as defined by National Instrument 43-101, has approved the technical contents of this presentation. This presentation uses the term "inferred resources." We advise U.S. investors that while this term is recognized and required by Canadian regulations, it is not recognized by the U.S. Securities and Exchange Commission. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimates of "inferred mineral resources" may not form the basis of a feasibility study or prefeasibility studies. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally mineable. 2 TSX-V : NVO|OTCQX: NSRPF
Ownership Shares TSX-V : NVO|OTCQX: NSRPF • 160.6M Outstanding (Basic) Institutional, 9.1% Market Cap • C$687M (based on August 3, Newmont Mining , 3.7 % (Basic) 2018 closing price of C$4.28) • 12.4 M Options Outstanding (avg. exercise price of C$3.13) Kirkland Lake, 18.6% Warrants • 29.4 M Free Float, 50.1% (avg. exercise price of C$3.34) 1 Outstanding Shares • 202.4 M Outstanding Creasy, 6.9% (Fully Diluted) Management/Directors, 11.6% • ~C$64 M cash, no debt Balance Sheet (1) Includes 900 K warrants exercisable at C$1.25 until August 2018, 14.5 M warrants exercisable at C$0.90 until May 2019, and 14M warrants exercisable at C$6.00 until September 2020 3 3 TSX-V : NVO|OTCQX: NSRPF
• 45 full-time employees between Job Creation Perth, Karratha, and Nullagine • AUD $15.4M exploration budget Capital through June 30-19 • AUD $3M+ paid since entering Taxes WA in 2011 • Local community engagement Social and patronage Investments TSX-V : NVO|OTCQX: NSRPF
• Economic geologist with more than 20 years of exploration experience with major gold mining firms Dr. Quinton Hennigh including Homestake Mining, Newcrest Mining and Newmont Mining (Chairman, President • Currently director and technical advisor to Irving Resources Inc, Precipitate Gold Corp, TriStar Gold Inc. and NV Gold Corp. & Director) • Ph.D. in Geology/Geochemistry from the Colorado School of Mines • Mining engineer with 25 years of experience • 17 year career at Macmahon Underground (formerly National Mine Management) culminated in Rob Humphryson executive operational and business development leadership roles within the group (CEO & Director) • Formerly Business Development Manager at Swick Mining Services and COO of Silver Lake Resources • AusIMM member • One of the world’s premiere gold and silver investors Eric Sprott • Founder of Sprott Securities (now Cormark Securities Inc.) and Sprott Asset Management LP (Director) • Currently Chairman of Kirkland Lake Gold Ltd. • More than 30 years’ experience in the mining industry as a miner, mine manager, director, CEO and President Greg Gibson • Focused on gold and copper mining primarily in Canada, US, and Australia • Currently Chairman and Interim CEO of Metanor Resources Inc. as well as a director of Ascot Resources (Director) Ltd., Sprott Mining Inc., Jerritt Canyon Canada, Latin American Minerals Inc. and Resource Capital Gold Corp. • Brings over 20 years of experience to the market, has extensive experience in mining finance and end- Akiko Levinson to-end rare earth mineral investment • President & CEO and Director of Irving Resources Inc. and former President of Gold Canyon Resources (Director) Inc. • CPA with over 26 years of international experience, including stints with Deloitte, Rio Tinto (USA), WMC Michael Barrett Resources, and PWC • former CF O of Cloud Peak Energy and national lead partner for Deloitte’s risk advisory energy and (Director) resources practice in Perth 5 TSX-V : NVO|OTCQX: NSRPF
• Geologist with over 30 years of experience Simon Pooley • AusIMM member and a graduate of the Australian Institute of Company Directors (COO) • Former employers include Dominion Mining, Ashton Mining, and Rio Tinto • Over 7 years of experience in corporate finance and public company accounting, Ronan Sabo-Walsh including public listings, merger transactions, and public company management (CFO & Corporate • Formerly VP, Finance of the Company (since June 2015) Secretary) • Former CFO of a CSE-listed mineral exploration company Leo Karabelas • Over 10 years of experience in the capital markets and investor relations industry (VP of Corporate • President of Focus Communications Investor Relations Inc. Communications) • Geologist with over 30 years’ experience in both exploration and mining, both domestic and international Kas De Luca • One of the founding directors to successful geological consultancy Jigsaw Geoscience (General Manager, Pty Ltd Exploration) • Multi-commodity experience across a variety of geological environments, with companies such as Newcrest Mining, Dundee Precious Metals, Placer Dome and KCGM • Mining Engineer with 25 years experience spread across operational and corporate roles • Last 10 years spent in project development Chris O’Brien • Previous role was Project Director with Newmont working on Tanami and Boddington (Project Director) expansions 6 6 TSX-V : NVO|OTCQX: NSRPF
Earth @ 3.0 billion years before present Pilbara Witwatersrand Kaapvaal 7 TSX-V : NVO|OTCQX: NSRPF
~30% of mined Karratha Au Kaapvaal Pilbara 8 TSX-V : NVO|OTCQX: NSRPF
Known gold-bearing conglomerates 2010 Karratha JIT/TQ Beatons Creek Nullagine Pilbara Craton 9 TSX-V : NVO|OTCQX: NSRPF
• Rumors of a new gold find near the town of Karratha began to circulate in late 2016 • Recognizing the source of the gold was conglomerates belonging to the Fortescue Group, the unit that hosts gold at Beatons Creek, and the potential for widespread mineralization, Novo began aggressively staking downdip extensions of favourable conglomerate horizons 2 mm 0.5 cm 2 cm 10 TSX-V : NVO|OTCQX: NSRPF
• Novo staked exploration applications covering approximately 7,000 sq km in the region around Karratha (green in map on next slide), and controls approximately an additional 2,000 sq km elsewhere in the Pilbara region • Novo has earned in to JV agreements with Artemis Resources on an additional 1,256 sq km of mineral rights (blue on map on next slide) • Novo has entered into an option agreement for 100% of Welcome Exploration’s gold rights (orange on map on next slide) • Novo has commenced farm-in exploration expenditure for an 80% JV interest in the Comet Well property (pink on map on next slide) 11 TSX-V : NVO|OTCQX: NSRPF
Karratha Gold Project Come Comet We Well / Purdys ys Rewa Reward TSX-V : NVO|OTCQX: NSRPF
• Topography at Karratha consists of rolling hills (right). Gold-bearing conglomerates occur at the base of the Fortescue Group below basalt flows. These rocks were previously unrecognized • Conglomerates are interbedded with sandstone horizons (lower right) • Many clasts in the conglomerates are basalt (below). Only minor vein quartz cobbles are present, an enigma if the gold is sourced from quartz lode deposits 13 TSX-V : NVO|OTCQX: NSRPF
Recommend
More recommend
