Bay Street News

Pilbara Exploration Update

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. This proposal acquisition which demonstrates the potential of the region as a new major gold production hub.

“With De Grey progressing exploration efforts at Becher as part of our Egina joint venture, Novo will focus on ramping up activities across our next set of key projects in the Pilbara. We are at an advanced stage in planning for a maiden drill program at Balla Balla in the first half of 2025 and we will continue reconnaissance work programs along the Tabba Tabba Shear Corridor and at Miralga. Weare also very excited about the emerging opportunity at the Sherlock Crossing historic antimony mine, with a focus on commencing a maiden RC drill program in 2025.

“Following the sale of 38% of our investment in San Cristobal Mining for A$11.5 million, Novo is well-funded to continue its widespread exploration focus on advance key project generation opportunities which will complement our current project portfolio.”

Regional mapping area southeast of Gully Washer, Miralga Project

VANCOUVER, British Columbia, Dec. 09, 2024 (GLOBE NEWSWIRE) — Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQX: NSRPF) is pleased to provide an update on the exploration status of projects across its approx. 5,500 sq km prospective landholding the Pilbara, Western Australia (Figure 1).

Figure 1: Novo Pilbara tenure showing main projects and significant prospects.

EGINA GOLD CAMP

The Egina Gold Camp (EGC) is located centrally within Novo’s Pilbara tenure and is the Company’s flagship project area. The EGC covers some 80 km of continuous tenure across prospective stratigraphy of the Mallina Basin, with approximately 900 sq km managed by Novo and 1,050 sq km in the Egina Joint Venture managed by De Grey Mining (ASX: DEG).

The EGC hosts Novo’s current high priority Pilbara targets (Figure 2) primarily at Becher in the north, but also with several emerging prospects throughout the southern EGC. This belt has been the main focus for Novo’s 2024 Pilbara exploration programs with drilling completed at Nunyerry North, and mapping and surface sampling of targets along the Tabba Tabba Shear Corridor.

Egina Earn-in/JV (De Grey earning a 50% interest)

In June 2023, Novo entered into an earn-in and joint venture agreement with De Grey for the Company’s Becher Project and adjacent tenements within the EGC. De Grey exceeded the A$7 million minimum expenditure commitment on the Egina JV in October 2024 and have committed to a further spend of A$18 million by June 30, 2027, to earn 50% in the project.

Northern Star Resources Limited (ASX: NST) recently announced its intention to acquire De Grey for a deal valued at A$5 billion (see NST’s ASX announcement dated 2 December 2024), highlighting the region as a new major gold production hub.


Figure 2 Location of the Egina Gold Camp and Balla Balla Gold Project tenure with major structural corridors over aeromagnetic imaging.

Nunyerry North

Follow up RC drilling was completed at Nunyerry North in Q4 2024, testing extents of known mineralisation, and stepping out to additional targets defined by soil sampling, mapping and rock chip sampling. A series of encouraging intercepts were reported from the 34-hole, 3,942 m program1 including:

Although numerous intercepts have been reported at Nunyerry North, results from the RC program have not delineated extensive nor continuous gold mineralisation at depth, and at this stage an economic resource appears unlikely. Follow-up work is a low priority at Nunyerry North as Novo focusses further north along the EGC.

Tabba Tabba Shear Corridor

Exploration has progressed to the north of Nunyerry North in Q3/Q4 2024 to expand first pass surface geochemical coverage on the ~ 60 km long fertile Tabba Tabba Shear Corridor, with new targets identified from re-interpretation of geology and observations from Nunyerry North drilling. Most of the Corridor is underexplored, as access is difficult and significant parts are covered with shallow alluvium and colluvium or overlain by Fortescue Group basalt.

Only minimal parts have been drill tested by Novo (Nunyerry North) and (previous holder) Kilkenny Gold NL (Kilkenny North)1.

Several new targets have now been tested with first pass surface geochemistry (Figure 3). Soil sample grids at a nominal 40 m x 160 m spacing targeted structural intersections of faults and shears, particularly where folded stratigraphy or minor intrusions are noted. Soil sampling returned peak results of 794 ppb Au, and from 1,308 samples collected. Opportunistic rock sampling included a best result of 3.8 g/t Au from 127 samples collected. See Appendices 1 and 2 for all significant results.

Recent exploration results are encouraging. The most significant results returned to date define a coherent linear soil gold anomaly greater than 20 ppb Au trending between No 6 bore to Kilkenny North over ~ 5 km strike, with elevated rock samples of up to 3.8 g/t Au associated with narrow brecciated zones and stringer veins (Figure 3).

Additional surface sampling and follow-up on delineated anomalies is planned for 2025, to expand on geochemical coverage over the district. In addition, heritage negotiations will be prioritised to access and assess the Teichman Top prospect where previous explorers obtained high-grade surface results including 25.5 g/t Au and 32.3 g/t Au from rock samples1.


Figure 3: Gold in soil geochemistry and main prospects of the Tabba Tabba Shear Corridor

BALLA BALLA GOLD PROJECT

Novo executed a Determination Wide Aboriginal Heritage Protection Agreement with the Kariyarra Aboriginal Corporation1, enabling the grant of application E47/4703 in November 2024, critical to Novo’s targeting strategy for the Balla Balla Project (Figure 1 and Figure 2).

A site avoidance heritage survey has been completed with Kariyarra, and a Programme of Work has been approved by the regulator (DEMIRS), enabling first pass AC drilling to be conducted over priority shear corridors in H1 2025 (Figure 4). The AC program targets potentially fertile structures and splays of the Sholl Shear Zone under shallow cover.


Figure 4 Balla Balla Project geology showing the Sholl Shear Zone and complex folded stratigraphy

KARRATHA DISTRICT

Exploration in the Karratha District (Figure 1) has advanced several drill targets, including North Whundo, Railway Bore and East Well (Figure 5)2. A maiden RC drilling program is planned for 2025 to test these three prospects for Au and Au-Cu (+/-Pt and Pd) mineralisation once heritage and regulatory approvals are obtained.


Figure 5 Location of the Karratha District drill targets

PILBARA ANTIMONY-GOLD EVALUATION

Sherlock Crossing

The historic Sherlock Crossing antimony mine was discovered in 1906 and operated during 1907 to 1916. According to historic records, the mine initially produced 16 tonnes of concentrate grading 53% Sb and 10.9 g/t Au to 72.9 g/t Au and in 1916, a further 5.66 tonnes of concentrate grading 42.2% Sb and 15.6 g/t Au3.Novo previously conducted surface soil and rock sampling at Sherlock Crossing (Figure 2) with peak results of 1.71 g/t Au and 592 ppm Sb4.

During follow up exploration, Novo recently collected an additional fourteen rock samples targeting mineralised material associated with the historical antimony mine, and vein material along strike of the mine towards the south. These samples returned exceptional results including 4.7% and 3.1% Sb, and 146.7 ppm and 35.3 ppm Au. These samples are hand selected from mining spoils and may not be indicative of mineralisation in the district but do validate the high grades reported historically from mining activities (Figure 6). See Appendix 3 for all results.

The accessible extent of historical mining is constrained to a small area, with additional workings described in historic literature now entirely covered by flood transported sands and clay. The minimal outcrop is part of a north-south trending structural corridor, entirely untested by modern exploration. Based on the new results and historic information, Novo is now progressing Programme of Work and heritage approvals for a maiden RC drill test in 2025.


Figure 6 Rock sample Sb results over mapped geology at Sherlock Crossing. Latest results are shown as larger squares.

MIRALGA

Surface sampling and mapping was recently conducted at the Miralga district in the East Pilbara (Figure 7), following the execution of a Determination Wide Aboriginal Heritage Protection Agreement with the Nyamal Aboriginal Corporation in August5 2024.

The project is located on the eastern flank of the North Pole Dome where porphyry style Cu-Au and epithermal Au-Ag-Cu-Pb-Zn vein and breccia-style mineralisation have been historically observed. Geophysical and remote sensing interpretation, coupled with review of existing geochemical datasets identified several targets on Novo’s tenure, some of which have seen little to no historical exploration5.

Figure 7 East Pilbara tenement location map, showing Miralga District and key prospects.

Shady Camp

At Shady Camp, an altered porphyritic intrusion of dacitic composition intrudes shallowly dipping basalt-andesite-chert stratigraphy, with both the intrusion and intruded stratigraphy strongly kaolin and chlorite altered. The intrusion hosts several phases of high-density veining, including shallow crustal level vuggy quartz veins, and stockwork style quartz veining that displays multiple hydrothermal events. It is cut by a strongly to intensely foliated and brecciated shear zone, showing intense goethite / hematite / limonite alteration, trending to the southwest. A locally brecciated quartz vein system flanks the intrusion, and strikes > 1.4 km to the north (Figure 8).

A broad scale pXRF soil sampling program was completed over a nominal 40 m by 160 m grid incorporating the intrusion, shear zone, and quartz vein system, and delineated a 3.5 km long Cu anomaly, which was resampled by -80 mesh soil sampling and analysed for gold and base metals using aqua regia for 33 elements. A total of 737 soil samples were collected on a 40 m by 80 m grid or 40 m by 40 m grid and returned a peak of 848 ppm Cu and 89 ppb Au. Selective rock sampling includes peak results of 1.16 g/t Au and 4.4% Cu. See Appendix 4 and 5 for significant results.

Coherent gold mineralisation is associated with the mapped high vein density and the margin of the intrusion. A broad low-level gold anomaly over > 4 ppb forms an ellipse of 200 m by 400 m, with a 50 m by 200 m core of Au > 32 ppb (Figure 8). Elevated gold and most of the significant Cu mineralisation is associated with the quartz vein system and the altered shear zone, which may relate to remobilisation along these structures.


Figure 8 Gold soil geochemistry over simplified geology at Shady Camp West.

Gully Washer

Surface pXRF sampling at Gully Washer generated a modest Cu anomaly around the high-grade vein breccia outcrop where rock samples collected by Novo in 2021 returned peak results of 14.8 g/t Au, 10,083 g/t Ag (342 oz/t Ag), 3.8% Cu, 28.3% Pb and 3.6% Zn4 (these results are not necessarily representative of mineralisation in the district). This anomaly is flanked by two larger surface pXRF Cu anomalies to the northeast and southwest, both of which strike for approximately two kilometres. Follow up -80 mesh soil sampling and mapping will be conducted after the wet season.

FORWARD PROGRAMS

Pilbara

At the Egina JV, De Grey have committed to a further spend of A$18 million by June 30, 2027 and are compiling and analysing results from recently completed work programs to developing follow-up programs, including targeted RC and diamond drilling.

Once additional heritage permits and clearances are in place, De Grey will be well-positioned for exploring additional target areas that have previously seen little to no modern exploration, with planned activities ranging from early-stage ground gravity surveys, surficial geochemical surveys, geological mapping through to AC drilling for target generation and sub-surface geological mapping and follow up RC and DD target testing6.

Novo plans to conduct maiden AC drilling at Balla Balla in H1 2025. Mapping and sampling campaigns are also planned to continue along prioritised areas of the Tabba Tabba Shear Corridor in the EGC and at Miralga.

Smaller and more targeted follow up sampling and mapping is planned on the antimony targets at Sherlock Crossing and Southeast Wyloo. This work is designed to delineate maiden RC drill programs to test scale and tenor of possible mineralisation, to be drilled in conjunction with the Karratha District drill targets.

Harding Dam JV

In December 2023, Novo entered into a tenement sale agreement, joint venture agreement, and coordination agreement with SQM Australia Pty Ltd (SQM)7, a wholly owned subsidiary of Sociedad Química y Minera de Chile S.A., in relation to five of Novo’s prospective lithium and nickel exploration tenements (Priority Tenements) in the West Pilbara. SQM paid Novo A$10 million (C$8.84 million) for a 75% interest in the Priority Tenements with Novo retaining a 25% interest, along with 100% ownership of the gold, silver, PGE, copper, lead and zinc mineral rights.

SQM have a 12-month period to elect to include additional Novo Pilbara tenements7 in the joint venture on the same terms. A decision on these option tenements is due by mid-December 2024.

Tenement Rationalisation

The Company’s exploration programs across key Pilbara areas continue to identify priority targets for exploration follow-up drilling. At the same time, these exploration programs recognise tenure that provides little further exploration value or follow-up.

As a result, tenure which does not complement Novo’s exploration strategy continues to be relinquished to reduce land tenure holding costs. The Company currently manages an estimated ~5,500 sq km of 100% owned tenure, of which 465 sq km is under Joint Venture. In addition, ~1,650 sq km of tenure forms the Egina Joint Venture (De Grey) or Harding Dam Battery Metal Joint Venture (SQM Priority 1 tenements), both managed by JV partners. Novo has reduced annual holding costs by engaging Joint Ventures, or by relinquishing or divesting tenure of limited prospectivity.

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

Ms. 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. Ms De Luca is Novo’s General Manager Exploration.

JORC COMPLIANCE STATEMENT

The information in this news release that relates to new exploration results at Novo’s projects in the Pilbara is based on information compiled by Ms De Luca, who is a full-time employee of Novo Resources Corp. Ms De Luca is a Competent Person who is a member of the Australian Institute of Geoscientists. Ms 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’. Ms 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.

The information in this news release that relates to previously reported exploration results at Novo’s projects in the Pilbara is extracted from each of Novo announcements referred to in endnotes 1 – 4 below that were released to ASX, and which are available to view at www.asx.com.au. The Company confirms that it is not aware of any new information that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

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, 2023 (which is available under Novo’s profile on SEDAR+ at www.sedarplus.ca and at www.asx.com.au) 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 announcement dated 29 August 2024 – Nunyerry North High-Grade Gold Zone extended and Egina Gold Camp exploration targets advanced (released to ASX on 30 August 2024).
2 Refer to announcement dated 1 May 2024 – Follow-Up Drilling to Commence at Nunyerry North and New Targets Defined Near Karratha (released to ASX on    2 May 2024).
3 Maitland, a Gibb (1919) Antimony deposits in Western Australia, Geological Survey of Western Australia, State Government of Western Australia
4 Refer to announcement dated 11 September 2024 – Evaluation of Pilbara Antimony Gold Potential Generates Positive Results.
5 Refer to announcement dated 15 August 2024 – Exploration to Expand into the East Pilbara (released to ASX on 16 August 2024).
6 Refer to announcement dated 10 October 2024 – De Grey Reaches A$7M Minimum Spend at Egina Gold Project and Continues Investment.
7 Refer to announcement dated 18 December 2023 – Strategic Joint Venture with Global Lithium Produced SQM.
8.Refer to De Grey’s ASX announcement, Hemi Gold Project Resource Update, dated 21 November 2023. No assurance can be given that a similar (or any) commercially viable mineral deposit will be determined at Novo’s Becher Project.

ABOUT NOVO

Novo is an Australian based gold explorer listed on the ASX and the TSX focused 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 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 Project8. Novo is also advancing gold exploration at Nunyerry North, part of the Croydon JV (Novo 70%: Creasy Group 30%), where 2023 exploration drilling identified significant gold mineralisation. Novo continues to undertake early-stage exploration across its Pilbara tenement portfolio.

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

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.

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 material 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.

Appendix 1

Surface sample results for the Tabba Tabba Shear Corridor Project, listing all significant results for soil samples (> 20 ppb Au) (All sample locations are GPS located on MGA_2020 zone 50)

Sample ID Type Prospect Au (ppb) Easting Northing
J3702 Soil Kilkenny 794 603,433 7,638,209
J2733 Soil Molisana 653 598,424 7,639,782
J2277 Soil Nunyerry North 463 591,087 7,618,430
J3174 Soil Kilkenny 428 603,293 7,638,121
J3906 Soil Regional 316 606,149 7,627,273
J2305 Soil Nunyerry North 306 589,968 7,619,031
J3563 Soil Kilkenny 299 603,102 7,637,418
J3687 Soil Molisana 281 597,241 7,640,298
J3466 Soil No 6 Bore 270 604,124 7,638,873
J2479 Soil Nunyerry North 250 590,927 7,618,551
J2071 Soil Nunyerry North 239 591,728 7,618,190
J2751 Soil Molisana 205 598,094 7,638,733
J2093 Soil Nunyerry North 165 591,248 7,618,230
J3497 Soil No 6 Bore 155 604,131 7,638,421
J3158 Soil Kilkenny 146 603,451 7,637,079
J3572 Soil Kilkenny 130 602,907 7,637,604
J3113 Soil Molisana 120 598,260 7,641,653
J3918 Soil Regional 107 606,230 7,626,953
J2909 Soil Molisana 100 597,709 7,638,449
J2219 Soil Nunyerry North 95 591,568 7,618,110
J3171 Soil Kilkenny 94 603,501 7,637,475
J2206 Soil Nunyerry North 93 591,568 7,617,630
J3189 Soil Kilkenny 91 603,692 7,637,736
J3781 Soil Molisana 90 596,874 7,640,223
J3888 Soil Regional 87 606,710 7,627,113
J3178 Soil Kilkenny 81 603,409 7,638,011
J3207 Soil Kilkenny 73 603,273 7,637,474
J3498 Soil No 6 Bore 68 604,104 7,638,449
J2210 Soil Nunyerry North 68 591,568 7,617,789
J2204 Soil Nunyerry North 68 591,570 7,617,551
J3491 Soil No 6 Bore 66 603,993 7,638,333
J3566 Soil Kilkenny 65 603,053 7,637,466
J2252 Soil Nunyerry North 65 591,407 7,618,669
J3224 Soil Kilkenny 64 603,298 7,637,895
J3479 Soil Kilkenny 64 603,648 7,638,667
J2483 Soil Nunyerry North 64 590,928 7,618,389
J3821 Soil Regional 62 606,149 7,627,513
J2941 Soil Kilkenny 61 601,564 7,635,931
J3676 Soil Molisana 59 596,921 7,640,058
J3705 Soil Kilkenny 58 603,518 7,638,126
J2454 Soil Nunyerry North 58 591,248 7,618,830
J3487 Soil No 6 Bore 57 603,878 7,638,445
J2942 Soil Kilkenny 56 601,585 7,635,914
J3655 Soil No 6 Bore 56 604,161 7,638,393
J3204 Soil Kilkenny 55 603,190 7,637,554
J3159 Soil Kilkenny 50 603,168 7,636,558
J2703 Soil Molisana 49 598,388 7,641,749
J2057 Soil Nunyerry North 49 591,746 7,617,670
J3814 Soil Molisana 47 597,201 7,639,762
J2742 Soil Molisana 46 598,384 7,639,350
J3152 Soil Kilkenny 45 603,279 7,637,245
J3042 Soil Kilkenny 45 603,341 7,636,963
J3169 Soil Kilkenny 45 603,472 7,637,503
J2894 Soil Molisana 45 597,901 7,637,790
J2284 Soil Nunyerry North 44 589,326 7,619,070
J2480 Soil Nunyerry North 44 590,930 7,618,511
J2928 Soil Kilkenny 42 601,496 7,635,858
J3219 Soil Kilkenny 41 603,184 7,638,006
J3164 Soil Kilkenny 41 603,358 7,637,614
J3857 Soil Regional 41 606,471 7,627,353
J2707 Soil Molisana 41 598,283 7,641,278
J2473 Soil Nunyerry North 41 590,927 7,618,589
J3226 Soil Kilkenny 40 603,351 7,637,841
J3769 Soil Molisana 39 597,227 7,640,486
J3592 Soil No 6 Bore 39 603,710 7,638,384
J2756 Soil Molisana 38 597,775 7,638,495
J2205 Soil Nunyerry North 38 591,568 7,617,589
J3717 Soil Molisana 37 596,946 7,639,671
J3477 Soil Kilkenny 36 603,588 7,638,724
J3911 Soil Regional 36 606,308 7,627,033
J2878 Soil Molisana 36 597,805 7,638,118
J2884 Soil Molisana 36 598,189 7,638,005
J2876 Soil Molisana 35 597,742 7,638,070
J2877 Soil Molisana 35 597,773 7,638,094
J2726 Soil Molisana 35 598,175 7,640,396
J2268 Soil Nunyerry North 34 590,766 7,618,990
J2278 Soil Nunyerry North 34 591,089 7,618,390
J2940 Soil Kilkenny 33 601,548 7,635,948
J3469 Soil No 6 Bore 33 603,869 7,638,897
J2710 Soil Molisana 32 598,092 7,641,135
J2091 Soil Nunyerry North 32 591,253 7,618,151
J3461 Soil No 6 Bore 31 603,976 7,639,238
J3304 Soil Molisana 30 596,784 7,639,751
J3798 Soil Molisana 30 597,296 7,639,937
J3118 Soil Molisana 30 598,290 7,640,877
J2218 Soil Nunyerry North 30 591,568 7,618,070
J3776 Soil Molisana 29 597,035 7,640,344
J2221 Soil Nunyerry North 29 591,568 7,618,150
J3899 Soil Kilkenny 28 603,378 7,640,878
J3773 Soil Molisana 28 597,131 7,640,415
J3253 Soil No 6 Bore 28 604,956 7,639,850
J2481 Soil Nunyerry North 28 590,929 7,618,470
J2943 Soil Kilkenny 27 601,600 7,635,897
J3658 Soil Kilkenny 27 603,570 7,638,296
J2874 Soil Molisana 27 597,678 7,638,022
J2708 Soil Molisana 27 598,218 7,641,231
J2313 Soil Nunyerry North 27 589,807 7,619,430
J3225 Soil Kilkenny 26 603,325 7,637,867
J3168 Soil Kilkenny 26 603,445 7,637,531
J3112 Soil Molisana 26 598,194 7,641,605
J3172 Soil Kilkenny 25 603,559 7,637,420
J3712 Soil Molisana 25 596,815 7,639,576
J2887 Soil Molisana 25 598,125 7,637,957
J3136 Soil Molisana 25 598,178 7,640,001
J2747 Soil Molisana 25 598,352 7,638,925
J2369 Soil Nunyerry North 25 589,646 7,618,828
J2231 Soil Nunyerry North 25 591,248 7,618,470
J2216 Soil Nunyerry North 25 591,567 7,617,990
J3675 Soil Molisana 24 596,888 7,640,034
J3084 Soil Molisana 24 597,238 7,638,891
J3283 Soil No 6 Bore 24 603,953 7,639,039
J3268 Soil No 6 Bore 24 604,817 7,639,763
J2237 Soil Nunyerry North 24 591,247 7,618,270
J2056 Soil Nunyerry North 24 591,746 7,617,630
J3039 Soil Kilkenny 23 601,445 7,635,769
J3180 Soil Kilkenny 23 603,464 7,637,955
J3526 Soil Molisana 23 596,785 7,639,352
J3792 Soil Molisana 23 597,458 7,640,057
J2892 Soil Molisana 23 597,966 7,637,838
J2889 Soil Molisana 23 598,061 7,637,910
J3255 Soil No 6 Bore 23 604,899 7,639,905
J2297 Soil Nunyerry North 23 590,127 7,619,070
J2054 Soil Nunyerry North 23 591,728 7,617,550
J3037 Soil Kilkenny 22 601,410 7,635,802
J3707 Soil Kilkenny 22 603,575 7,638,070
J3872 Soil Regional 22 606,788 7,627,193
J3763 Soil Molisana 22 596,957 7,640,486
J3200 Soil Molisana 22 597,750 7,639,274
J2886 Soil Molisana 22 598,157 7,637,982
J2198 Soil Nunyerry North 22 591,408 7,618,550
J2926 Soil Kilkenny 21 601,533 7,635,824
J3209 Soil Kilkenny 21 603,333 7,637,415
J3704 Soil Kilkenny 21 603,490 7,638,153
J3659 Soil Kilkenny 21 603,600 7,638,269
J3866 Soil Regional 21 606,389 7,627,193
J3094 Soil Molisana 21 596,782 7,638,953
J3484 Soil No 6 Bore 21 603,821 7,638,498
J3494 Soil No 6 Bore 21 604,078 7,638,250
J2062 Soil Nunyerry North 21 591,727 7,617,870
J2697 Soil Cantwell’s Court 20 599,449 7,629,453
J3027 Soil Kilkenny 20 601,347 7,635,730
J3591 Soil Kilkenny 20 603,681 7,638,411
J3883 Soil Regional 20 607,029 7,627,113
J3073 Soil Molisana 20 596,882 7,638,628


Appendix 2

Surface sample results for the Tabba Tabba Shear Corridor Project, listing all significant results for rock samples (> 0.1 ppm Au) (All sample locations are GPS located on MGA_2020 zone 50)

Sample ID Type Prospect Au (ppm) Easting Northing
R07910 Rock Chip Kilkenny 3.77 602,035 7,636,482
R07304 Rock Chip Kilkenny 2.00 602,821 7,636,704
R07334 Rock Chip Malvern Hills 1.84 607,375 7,644,726
R07312 Rock Chip Kilkenny 1.03 602,460 7,636,734
R07333 Rock Chip Malvern Hills 0.95 607,372 7,644,736
R07326 Rock Chip Malvern Hills 0.53 607,376 7,644,715
R07306 Rock Chip Kilkenny 0.52 602,797 7,636,741
R07505 Rock Chip Cantwell’s Court 0.33 599,272 7,635,272
R07302 Rock Chip Kilkenny 0.31 602,798 7,636,751
R07303 Rock Chip Kilkenny 0.22 602,811 7,636,751
R07300 Rock Chip Kilkenny 0.14 602,774 7,636,756
R07301 Rock Chip Kilkenny 0.14 602,875 7,636,746
R07318 Rock Chip Kilkenny 0.14 602,508 7,636,818
R07906 Rock Chip Kilkenny 0.12 602,556 7,636,776
R07305 Rock Chip Kilkenny 0.11 602,789 7,636,675
R07412 Rock Chip No 6 Bore 0.11 604,130 7,638,656


Appendix 3

Surface rock sample results for Sherlock Crossing, listing elements relevant to this mineralisation style
(All sample locations are GPS located on MGA_2020 zone 50)

Sample ID Type Prospect Au (ppm) Sb (ppm) Easting Northing
R07353 Rock Chip Sherlock Crossing 0.02 61 563,405 7,675,092
R07354 Rock Chip Sherlock Crossing 3.62 112 563,368 7,675,076
R07355 Rock Chip Sherlock Crossing 0.28 115 563,364 7,675,075
R07356 Rock Chip Sherlock Crossing 35.30 47,375 563,368 7,675,068
R07357 Rock Chip Sherlock Crossing 146.72 31,090 563,374 7,675,069
R07358 Rock Chip Sherlock Crossing 0.11 273 563,357 7,675,051
R07360 Rock Chip Sherlock Crossing 0.97 211 563,363 7,675,057
R07361 Rock Chip Sherlock Crossing 13.36 4,782 563,367 7,675,086
R07362 Rock Chip Sherlock Crossing 0.05 55 562,707 7,674,852
R07363 Rock Chip Sherlock Crossing 0.02 390 562,657 7,674,159
R07364 Rock Chip Sherlock Crossing 0.009 320 562,641 7,674,191
R07365 Rock Chip Sherlock Crossing 0.004 38 562,639 7,674,225
R07366 Rock Chip Sherlock Crossing 0.02 35 562,562 7,673,495
R07367 Rock Chip Sherlock Crossing 0.04 43 562,569 7,673,442


Appendix 4

Surface sample results for the Miralga Project, listing all significant results for soil samples > 10 ppb Au or > 100 ppm Cu for elements relevant to this mineralisation style
(All sample locations are GPS located on MGA_2020 zone 50)

Sample ID Type Prospect Au
(ppb)
Cu
(ppm)
Ag
(ppm)
Pb
(ppm)
Sb
(ppm)
Zn
(ppm)
Easting Northing
J4703 Soil Shady Camp West 89 69 0.07 24 1.0 59 761,880 7,656,480
J4755 Soil Shady Camp West 71 86 0.06 7 0.5 25 761,601 7,656,160
J4711 Soil Shady Camp West 52 133 0.08 65 1.6 42 761,880 7,656,400
J4480 Soil Shady Camp West 49 97 0.03 14 0.5 27 761,720 7,656,200
J4688 Soil Shady Camp West 48 107 0.09 40 1.9 22 761,839 7,656,361
J4687 Soil Shady Camp West 44 87 0.20 33 1.2 39 761,881 7,656,361
J4737 Soil Shady Camp West 38 95 0.17 34 1.4 34 761,880 7,656,320
J4661 Soil Shady Camp West 34 76 0.06 34 1.0 48 761,881 7,656,440
J4106 Soil Shady Camp West 32 139 0.10 14 1.3 94 761,880 7,657,080
J4553 Soil Shady Camp West 31 99 0.03 7 0.4 34 761,641 7,655,960
J4702 Soil Shady Camp West 28 55 0.03 18 0.8 43 761,841 7,656,480
H9636 Soil Shady Camp West 26 250 0.10 20 0.5 32 761,648 7,656,278
J2808 Soil Shady Camp West 25 48 0.03 5 0.4 45 761,480 7,655,400
J4712 Soil Shady Camp West 24 98 0.07 16 1.3 32 761,841 7,656,400
J4483 Soil Shady Camp West 23 202 0.03 8 0.6 27 761,600 7,656,200
J4944 Soil Shady Camp West 23 27 0.03 6 0.5 22 761,559 7,655,719
J4736 Soil Shady Camp West 22 132 0.07 146 1.9 38 761,841 7,656,320
J4618 Soil Shady Camp West 20 94 0.03 14 2.1 161 762,081 7,656,600
J4472 Soil Shady Camp West 20 49 0.06 7 0.6 65 762,040 7,656,200
J4088 Soil Shady Camp West 4 848 0.03 9 0.7 48 762,000 7,657,242
J4028 Soil Shady Camp West 5 417 0.06 11 0.8 36 762,041 7,657,320
J4911 Soil Shady Camp West 2 338 0.03 6 0.7 39 761,679 7,656,519
J4794 Soil Shady Camp West 9 308 0.03 6 0.6 36 761,520 7,655,840
J4555 Soil Shady Camp West 7 300 0.09 5 0.3 32 761,720 7,655,960
J4181 Soil Shady Camp West 3 276 0.06 9 0.7 64 761,839 7,656,998
J4126 Soil Shady Camp West 2 275 0.03 8 0.6 54 761,761 7,656,920
J4125 Soil Shady Camp West 2 273 0.03 7 1.0 56 761,801 7,656,920
J4108 Soil Shady Camp West 6 260 0.05 11 0.8 38 761,961 7,657,080
J4027 Soil Shady Camp West 4 240 0.17 21 0.9 35 762,082 7,657,320
J4089 Soil Shady Camp West 5 239 0.07 7 0.7 41 761,960 7,657,239
J4941 Soil Shady Camp West 3 237 0.06 4 0.4 100 761,695 7,655,720
J4604 Soil Shady Camp West 2 234 0.07 7 0.5 109 761,760 7,656,760
J4656 Soil Shady Camp West 3 224 0.03 9 0.5 31 761,680 7,656,440
J4790 Soil Shady Camp West 4 220 0.03 6 0.5 54 761,521 7,655,920
J4923 Soil Shady Camp West 6 200 0.03 6 0.6 36 761,519 7,655,879
J4629 Soil Shady Camp West 3 196 0.03 6 0.4 36 761,681 7,656,599
J4327 Soil Shady Camp West 9 193 0.06 24 0.7 44 761,960 7,656,679
J4079 Soil Shady Camp West 3 192 0.05 9 0.6 23 762,038 7,657,399
J4029 Soil Shady Camp West 8 186 0.03 8 0.6 31 762,000 7,657,320
J4744 Soil Shady Camp West 15 179 0.03 13 0.4 31 761,641 7,656,240
J4597 Soil Shady Camp West 3 176 0.03 13 0.9 22 761,680 7,656,480
J4087 Soil Shady Camp West 6 165 0.07 9 0.7 28 762,039 7,657,240
J4609 Soil Shady Camp West 4 164 0.06 7 0.4 58 761,960 7,656,760
H9631 Soil Shady Camp West 1 164 0.03 6 0.4 39 761,479 7,656,279
J4334 Soil Shady Camp West 2 163 0.03 8 0.5 62 761,677 7,656,678
J4168 Soil Shady Camp West 6 159 0.12 34 0.6 60 762,040 7,657,157
J4310 Soil Shady Camp West 2 151 0.03 7 1.0 121 761,798 7,656,838
J4787 Soil Shady Camp West 11 149 0.08 5 0.4 91 761,640 7,655,920
J4484 Soil Shady Camp West 3 140 0.03 5 0.9 34 761,560 7,656,199
J4080 Soil Shady Camp West 2 137 0.03 7 0.5 66 762,079 7,657,399
J4596 Soil Shady Camp West 3 133 0.03 7 0.5 25 761,640 7,656,480
J4592 Soil Shady Camp West 2 133 0.15 7 0.9 39 761,521 7,656,480
J4621 Soil Shady Camp West 3 128 0.03 12 0.7 89 762,000 7,656,600
J4708 Soil Shady Camp West 7 127 0.67 38 1.4 63 762,000 7,656,400
J4314 Soil Shady Camp West 10 121 0.14 7 0.5 44 761,959 7,656,834
J4624 Soil Shady Camp West 3 120 0.03 8 0.5 76 761,881 7,656,600
J4574 Soil Shady Camp West 10 119 0.03 5 0.6 25 761,520 7,655,800
J4767 Soil Shady Camp West 8 117 0.03 4 0.4 26 761,599 7,656,080
J4662 Soil Shady Camp West 5 117 0.08 18 0.7 81 761,920 7,656,440
J4000 Soil Shady Camp West 2 117 0.18 18 0.7 45 762,120 7,657,320
J4748 Soil Shady Camp West 2 117 0.03 6 0.5 27 761,520 7,656,240
J2843 Soil Shady Camp West 2 116 0.03 10 0.5 23 761,481 7,655,560
J4554 Soil Shady Camp West 3 115 0.09 10 0.3 43 761,680 7,655,960
J4078 Soil Shady Camp West 3 113 0.03 7 0.7 29 761,999 7,657,399
J4090 Soil Shady Camp West 3 111 0.03 7 0.7 29 761,921 7,657,240
J4726 Soil Shady Camp West 1 111 0.03 7 0.4 33 761,480 7,656,319
J4481 Soil Shady Camp West 11 110 0.03 18 0.4 46 761,680 7,656,200
J4686 Soil Shady Camp West 10 110 1.76 129 2.9 93 761,921 7,656,359
J4333 Soil Shady Camp West 5 109 0.03 4 0.3 53 761,719 7,656,677
H9632 Soil Shady Camp West 2 109 0.03 8 0.5 52 761,519 7,656,279
J4728 Soil Shady Camp West 1 109 0.03 7 0.4 39 761,561 7,656,320
H9637 Soil Shady Camp West 13 107 0.13 22 0.5 27 761,679 7,656,278
J3999 Soil Shady Camp West 5 107 0.64 56 0.9 96 762,161 7,657,320
J4732 Soil Shady Camp West 11 106 0.03 13 0.6 21 761,721 7,656,320
J4109 Soil Shady Camp West 5 106 0.03 15 0.4 24 762,000 7,657,080
J2812 Soil Shady Camp West 2 106 0.03 5 0.4 59 761,321 7,655,400
H9639 Soil Shady Camp West 11 105 0.08 22 0.7 26 761,759 7,656,278
J4030 Soil Shady Camp West 5 104 0.09 7 0.6 36 761,960 7,657,320
J4107 Soil Shady Camp West 8 102 0.06 9 0.7 46 761,920 7,657,080
J4182 Soil Shady Camp West 4 101 0.03 7 0.9 43 761,799 7,657,000
J3998 Soil Shady Camp West 9 100 0.03 6 0.6 39 762,001 7,657,480
H9630 Soil Shady Camp West 1 100 0.09 9 0.6 44 761,439 7,656,279
J4782 Soil Shady Camp West 13 98 0.06 7 0.4 58 761,720 7,656,001
J4717 Soil Shady Camp West 10 92 0.03 188 0.5 37 761,679 7,656,400
J4710 Soil Shady Camp West 13 89 0.96 97 2.2 76 761,922 7,656,400
J4742 Soil Shady Camp West 15 84 0.05 24 0.6 29 761,720 7,656,240
H9641 Soil Shady Camp West 12 83 1.31 17 5.4 36 761,838 7,656,278
J4186 Soil Shady Camp West 15 74 0.07 6 0.6 52 761,676 7,656,999
J4669 Soil Shady Camp West 13 73 0.09 10 0.6 47 761,920 7,656,520
J4704 Soil Shady Camp West 18 71 0.09 11 0.7 75 761,920 7,656,480
J4738 Soil Shady Camp West 14 67 0.53 61 1.3 78 761,921 7,656,320
J4668 Soil Shady Camp West 19 58 0.06 13 0.6 52 761,880 7,656,520
J4694 Soil Shady Camp West 12 56 0.10 9 0.8 43 761,599 7,656,360
J4036 Soil Shady Camp West 10 54 0.03 7 0.4 49 761,760 7,657,318
J4713 Soil Shady Camp West 10 53 0.03 27 1.0 18 761,801 7,656,400
J4660 Soil Shady Camp West 11 48 0.06 17 0.8 40 761,840 7,656,440
J4804 Soil Shady Camp West 10 27 0.05 5 0.3 23 761,441 7,655,680


Appendix 5

Surface sample results for the Miralga Project, listing all significant results for rock samples > 20 ppb Au or > 200 ppm Cu for elements relevant to this mineralisation style
(All sample locations are GPS located on MGA_2020 zone 50)

Sample ID Type Prospect Au
(ppm)
Cu
(ppm)
Ag
(ppm)
Pb
(ppm)
Sb
(ppm)
Zn
(ppm)
Easting Northing
R07919 Rock chip Shady Camp West 1.16 694 0.59 11 1.0 33 761,597 7,656,143
NVO-9292 Rock chip Shady Camp West 0.37 40 0.18 17 3.6 19 761,754 7,656,318
R07935 Rock chip Shady Camp West 0.27 458 0.23 3 1.3 58 761,885 7,656,598
R07390 Rock chip Gully Washer 0.13 830 1.04 1,053 79.7 1,154 757,805 7,665,895
R07948 Rock chip Shady Camp West 0.12 56 1.46 69 2.9 11 762,009 7,657,050
R07920 Rock chip Shady Camp West 0.10 874 0.26 25 8.0 233 761,588 7,656,113
R07918 Rock chip Shady Camp West 0.05 43,735 1.69 11 5.6 35 761,575 7,656,187
R07392 Rock chip Gully Washer 0.02 2,288 1.11 3,631 109.7 1,625 758,042 7,665,652
R07386 Rock chip Shady Camp West 0.01 2,999 0.06 260 7.8 184 762,012 7,657,145
NVO-9291 Rock chip Shady Camp West 0.01 1,480 0.09 10 6.3 33 761,667 7,656,299
NVO-9278 Rock chip Gully Washer 0.01 472 5.25 1,999 13.5 9,034 757,523 7,665,855
R07940 Rock chip Shady Camp West 0.002 1,038 0.36 3 1.3 30 761,071 7,654,810
R07934 Rock chip Shady Camp West < LOD 1,325 0.32 24 3.8 61 761,685 7,656,549
R07944 Rock chip Shady Camp West 0.01 1,115 0.31 7 4.1 104 761,786 7,656,895
R07923 Rock chip Shady Camp West 0.08 365 0.12 12 3.5 241 761,674 7,655,833
NVO-9293 Rock chip Shady Camp West 0.07 37 0.44 48 4.2 11 761,786 7,656,314
R07929 Rock chip Shady Camp West 0.07 96 0.08 66 0.7 16 761,741 7,656,447
R07916 Rock chip Shady Camp West 0.06 138 0.07 92 5.6 89 761,885 7,656,400
R07922 Rock chip Shady Camp West 0.02 643 0.07 3 3.5 45 761,267 7,655,209
R07933 Rock chip Shady Camp West 0.02 552 0.17 16 1.9 100 761,687 7,656,495
NVO-9280 Rock chip Shady Camp West 0.02 468 0.28 19 3.0 125 761,491 7,655,670
R07947 Rock chip Shady Camp West 0.02 207 0.23 38 1.1 22 761,986 7,657,058
R07913 Rock chip Shady Camp West 0.01 287 0.05 9 3.8 25 762,019 7,657,236
NVO-9286 Rock chip Shady Camp West 0.01 671 0.08 6 2.5 74 761,716 7,656,103
NVO-9281 Rock chip Shady Camp West 0.004 317 0.08 8 2.3 149 761,305 7,655,238
R07939 Rock chip Shady Camp West 0.004 314 0.38 3 5.1 113 761,090 7,654,807
R07914 Rock chip Shady Camp West 0.003 472 0.23 26 4.6 9 761,663 7,656,304
R07946 Rock chip Shady Camp West 0.003 396 0.20 13 4.4 226 761,868 7,657,071
NVO-9288 Rock chip Shady Camp West 0.002 313 0.08 1 2.3 90 761,605 7,655,796
R07930 Rock chip Shady Camp West 0.002 369 0.20 4 0.7 55 761,680 7,656,455
R07937 Rock chip Shady Camp West 0.002 844 < LOD 6 0.8 231 761,704 7,656,674
R07938 Rock chip Shady Camp West 0.002 258 0.44 4 1.0 116 761,686 7,656,671
R07943 Rock chip Shady Camp West 0.002 351 0.11 12 3.0 193 761,756 7,656,906
NVO-9283 Rock chip Shady Camp West 0.001 231 0.09 3 1.7 30 761,308 7,655,229
R07388 Rock chip Shady Camp West < LOD 799 0.91 11 3.0 40 761,463 7,656,331
R07532 Rock chip Gully Washer < LOD 209 0.16 3 1.6 161 757,965 7,667,233
R07533 Rock chip Gully Washer < LOD 364 0.14 2 8.0 36 758,050 7,667,193
R07534 Rock chip Gully Washer < LOD 252 0.11 12 9.1 322 758,158 7,666,983


Appendix 6 – 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.
  • Rock chips samples were collected by grab sampling 1 – 3 kg of material which were dispatched to Intertek Genalysis, Western Australia for analysis. 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 sample results are typically intended to complement geological mapping, except for Sherlock Crossing, where rock samples selected to validate historic high grades from mining activities.
  • Soil samples of 200 g were collected from small pits 2 cm – 20 cm depth and sieved to <80#. All soils were analysed via aqua regia digest and assayed for 33 elements, including gold (AR25/MS33)
  • pXRF readings of soils were taken at Miralga to inform <80# soil sampling using a NITON XLT5 model and were used to aid field interpretation and identification of anomalous target mineralogy and pathfinder elements. The Niton pXRF machine was calibrated daily.
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).
  • No drilling was undertaken.
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.
  • No drilling was undertaken.
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.
  • No drilling was undertaken.
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.
  • Rock chip samples were dried, crushed and pulverised (SP64) by Intertek Genalysis to create a 50 g charge, then assayed for Au by fire assay FA50/MS and for 48 elements using four acid digest – MS finish (4A/MS).
  • Soil samples required no prep and were analysed for 32 elements by aqua regia digest with MS finish (lab method AR25/MS).
  • pXRF readings of soils were taken using a NITON XLT5 model and were used to aid field interpretation and identification of anomalous target mineralogy and pathfinder elements. The Niton pXRF machine was calibrated daily.
  • The sampling techniques and sample sizes are considered appropriate for this style of mineralisation.
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.
  • The rock chip sample assay methodology is considered appropriate for the style of mineralisation tested. The method includes inserting 2 CRM standards and 2 blanks per 100 samples or at least one of each per sample submission.
  • The soil sample assay methodology has low level detection for gold and multi-elements and is considered appropriate for soil geochemistry for outcropping or near surface mineralisation. The method includes insertion of at least 2 blanks 2 CRM standards and 4 field duplicates per 100 samples.
  • pXRF readings of soils were taken using a NITON XLT5 model and were used to aid field interpretation and identification of anomalous target mineralogy and pathfinder elements. This is appropriate for first pass reconnaissance and anomaly definition. The machine is calibrated daily and at least four CRMs are inserted per 100 samples and at the start and end of the day.
  • No QAQC issues were detected.
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.
  • 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 were 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.
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.
  • All surface sample reconnaissance locations were recorded in by hand-held GPS using the GDA 2020 zone 50 co-ordinate system.
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. 
  • Limited rock samples are taken and are indicative of potential grade tenor. These do not necessarily represent or imply any continuity or scale potential.
  • Soil samples at the Tabba Tabba prospects were taken on a nominal grid of 40 m by 160 m orientated to be perpendicular to the interpreted strike of the system, with minimal infill conducted at 20 m x 80 m.
  • pXRF and soil sample grids at Shady Camp West (Miralga) were taken at a nominal spacing of 40 m by 80 m, with infill soil sampling conducted at 40 m by 40 m.
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.
  • pXRF soil and soil sample grids were orientated to best intersect the lithological and structural trends at right angles. For regional targets, these orientations are not known until the first pass geochemical data is corrected. Infill sampling is completed to better cover the extent of possible mineralisation.
Sample security
  • The measures taken to ensure sample security.
  • 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.
Audits or reviews
  • The results of any audits or reviews of sampling techniques and data.
  • No audits have been undertaken.


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 Gully Washer and Shady Camp West prospects are part of the Miralga Project and are located on Exploration License E45/4922, approximately 25 km west of Marble Bar. The tenement is 100% held by Nullagine Gold Pty Ltd, a wholly owned subsidiary of Novo, and is in good standing
  • There are no known Registered Heritage Sites within this tenement.
  • A geological heritage site is located within the Dresser Formation and relates to Archean stromatolites. A larger reserve is planned to further expand the protection of these oldest fossils. As the geological heritage site is related to the Dresser Formation where stromatolites occur, it is not expected to impact on the remainder of the tenement prospective for porphyry mineralisation.
  • The prospects fall under the granted Nyamal Native Title determination WC1999/008 and is subject to a land access and mineral exploration agreement with the Nyamal Aboriginal Corporation.
  • The Tabba Tabba Shear Corridor comprises ten granted tenements and three tenement applications held by Meentheena Gold Pty Ltd, Grant’s Hill Gold Pty Ltd, or Nullagine Gold Pty Ltd, all wholly owned subsidiaries of Novo.
  • Tenements E47/3467, E47/2973, and tenement application E47/5155 are under Joint Venture with the Creasy Group, where Creasy retains a 30% interest.
  • The tenure falls under the granted Nyamal Native Title determination WC1999/014 and is subject to a land access and mineral exploration agreement with the Yindjibarndi Aboriginal Corporation.
  • An access agreement is not yet in place with the Mugarinya group to access the Yandeyarra Reserve over E47/3467, although discussions are progressing
  • Sherlock Crossing is located on Exploration License E47/3825, held Karratha Gold Pty Ltd, a wholly owned subsidiary of Novo Resources.
  • The prospect falls under the granted Ngarluma Native Title determination WC1999/014 and is subject to a land access and mineral exploration agreement with the Nglaruma Aboriginal Corporation.
  • There are several Registered Heritage Sites within this tenement, however not overlapping with the immediate exploration area.
Exploration done by other parties
  • Acknowledgment and appraisal of exploration by other parties.
Miralga:
  • In 1969 – 1970, Anglo American conducted a large stream sampling program comprising 1,345 samples, analysed for Cu, Ni, Pb, and Zn.
  • AMAX conducted surface sampling and costeaning during 1980 and 1981, delineating the Fred’s Well Creek prospect.
  • Haoma Mining explored the district from 1998 to 2018, mostly focussing on the North Pole prospect outside of current Novo tenure, and various small barite deposits.
  • Sipa Resources explored the current Gully Washer prospect and conducted surface rock sampling and drilled six shallow RC drill holes. Results include up to 20.7 g/t Au from rock sampling and a best of 1 m at 6.22 ppm Au from RC chips.

Tabba Tabba Shear Corridor:

  • Numerous companies had worked in the general area in the past including CRA Exploration Pty Ltd Explored, 1981 (A10873) & 1995-1995 (A44168, A47363), Mark Creasy, 1996 (A47385), Kilkenny Gold NL, 1998 (A54099, A54394) and 2004 (A68128), Bullion Minerals-Farno McMahon Pty Ltd, 2008 (A77811, A81531)
  • 2016 – 2018 Rockford Metals Ltd (Creasy Group). Rockford Metals were the first company to define the Nunyerry North Prospect as a target. Upon granting, geological reconnaissance, rock chip, soil and stream sampling was completed targeting gold associated with the Mallina Formation, quartz veins within Archean mafic/ultramafic greenstone belt rocks and regional locations.
  • In 2018, an aeromagnetic/radiometric survey was completed over the Nunyerry Project by Rockford Metals Ltd at 30 m sensor height and 50 m line spacing for a total of 21,829-line kilometres.

Sherlock Crossing:

  • Aarex 1997 (A53516 – A49869) collected thirty-five samples from outcrop or from the dump surrounding the main historical excavation at the Clarke Mine. The highest sample result was 84.8 g/t gold which averaged 68.5 g/t over four assays.
  • Ascent Mining 2002 (A66185) – collected twenty-one rock chip samples from Sherlock Crossing, located at the site of the historical Clarkes antimony mine, returning up to 98.8 g/t Au and 0.83% antimony
  • Ourwest Corp 2007 (A76553) – collected eleven rock chip samples which gave peak results of 3.78 g/t Au and 1390 ppm Sb.
  • No other known work of relevance has been undertaken by other parties.
Geology
  • Deposit type, geological setting, and style of mineralisation.
  • The Miralga Project is located on the eastern flank of the North Pole Dome. The North Pole monzogranite has intruded an Archean sequence of mafic to felsic volcanics and volcaniclastics and is prospective for porphyry-style and epithermal vein-style mineralisation within the Panorama Formation. Known porphyry mineralisation is present outside of Novo’s tenure at Miralga Creek B, where Au-Ag-Cu mineralisation is associated with a stock-like Archaean porphyry, high-level dykes and epithermal veins.
  • The Tabba Tabba Shear Corridor is a 60 km northeast trending corridor of anastomosing shear zones. Several flexures in zones of structural complexity or around more rigid stratigraphy are being explored for mineralisation. The Fortescue overlies parts of the Corridor.
  • Sherlock Crossing is orogenic Au-Sb vein hosted mineralisation along a major N to NNE trending structure, hosted in basalt to ultramafic rocks of the Archaean Louden Volcanics (2.95 Ma). Mineralisation occurs in poorly outcropping zones of sheeted to stockwork quartz veins with stibnite and gold on the eastern flood plain of the Sherlock River.
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.
  • No drilling was undertaken.
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.
  • No drilling was undertaken.
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’).
  • No drilling was undertaken.
  • Rock sample results are indicative in nature and, whilst representatively sampling the target lithology, do not contain any width or length information other than a qualitative description of the target.
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 samples, not all results are reported in Appendices 1, 2, 4, and 5, with a representative cut off selected for each project and sample type.
  • For Sherlock Crossing, all rock samples are reported.
  • When not all samples are included in the relevant appendix, the excluded samples are clearly shown and labelled in the Figures in the body of the release.
  • pXRF results are not listed in an appendix, and not released as absolute numbers. These results are utilised by the field geologist to determine the design of the follow up soil sample grids.
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.
  • No additional data.
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.

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

Figures accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/96b803af-ed72-482f-9c62-7cc901f3a9c7
https://www.globenewswire.com/NewsRoom/AttachmentNg/1f4e4107-7abc-4072-b0c8-d1f358cd5ac0
https://www.globenewswire.com/NewsRoom/AttachmentNg/0c1e314b-a28a-48de-9aea-f47f1b3efdae
https://www.globenewswire.com/NewsRoom/AttachmentNg/a0de1d96-229f-4311-b60d-08299f395dcb
https://www.globenewswire.com/NewsRoom/AttachmentNg/40512dfd-98f9-4dd7-9154-20f26b4a0af3
https://www.globenewswire.com/NewsRoom/AttachmentNg/72374aa5-05f9-4fc9-ba97-e2c161238bfd
https://www.globenewswire.com/NewsRoom/AttachmentNg/78188191-d6fd-4d93-bd76-fd3de87b3683
https://www.globenewswire.com/NewsRoom/AttachmentNg/95397563-4193-4af3-8ba6-2d3ec934c82d
https://www.globenewswire.com/NewsRoom/AttachmentNg/2977fc08-3d7d-4049-8201-52a6defc6fdd
https://www.globenewswire.com/NewsRoom/AttachmentNg/fb1d3896-711d-43fc-ac7e-bbfd94cb0ad4

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