Novo Resources Stock Price, News & Analysis

Novo Resources (OTCQB:NSRPF) reported significant progress across its Australian gold exploration portfolio for Q2 2025. At the Clone prospect within the Tibooburra Gold Project, maiden RC drilling yielded notable intercepts including 12m @ 5.90 g/t Au and 17m @ 2.40 g/t Au, defining high-grade gold mineralization over 300m strike.

At the John Bull Gold Project, field campaigns identified four key target areas for drilling, with rock chip samples returning up to 67.9 g/t Au. The company maintains a strong financial position with A$7 million in cash and A$34 million in investments as of June 30, 2025.

In Western Australia, the company advanced several gold-antimony prospects and completed aircore drilling at Balla Balla, identifying zones of mineralization along the Sholl Shear Zone.

Novo Resources (OTCQB:NSRPF) has announced significant results from its maiden RC drilling program at the Clone prospect within the Tibooburra Gold Project in northwestern NSW. The program, consisting of 14 holes totaling 1,984 meters, revealed notable high-grade gold intercepts including 12m @ 5.90 g/t Au and 17m @ 2.40 g/t Au.

The drilling successfully demonstrated grade and width continuity over 300 meters of strike, indicating a shallow north plunge to the near-surface shoot of high-grade gold mineralization. The company has exceeded its required minimum spend of $500,000 for the initial farm-in period under the agreement with Manhattan Corporation Limited.

The Tibooburra Project covers 630 sq km of the historic Albert Goldfields, with exploration potential along 22 km of strike. The geological model suggests similarities with the turbidite-hosted gold deposits of Central Victoria's Western Lachlan Orogen.

Novo Resources (OTCQX: NSRPF) announced that all resolutions proposed at its Annual General Meeting were approved by shareholders, including the election of all director nominees. Notable voting results showed strong support for the board members, with Karen O'Neill receiving 99.06% approval and Michael Spreadborough receiving 98.57% approval.

The company also highlighted its exploration portfolio, including the Egina Gold Camp where Northern Star Resources is farming-in through a JV agreement worth A$25 million for a 50% interest. Novo's portfolio includes approximately 5,500 square kilometres in the Pilbara region and recent additions of gold projects in New South Wales.

Novo Resources Corp. (NSRPF) has provided an update on its Pilbara exploration activities for H1 2025, focusing on high-grade gold and antimony targets. At Sherlock Crossing, the company identified a significant 1.5 km antimony soil anomaly with gold anomalism up to 85 ppb Au. The Balla Balla Gold Project's aircore drilling program revealed broad zones of low-level gold anomalism with notable multielement assays including 96.8 ppm Ag and 182 ppm Sb. Heritage access approval was secured for the Teichman gold prospect in the Egina Gold Camp, where historical sampling showed high-grade gold results. Northern Star Resources, Novo's new Egina Farm-in/JV partner following its De Grey Mining acquisition, has begun reviewing data for future exploration. The company plans to conduct drilling programs at multiple prospects in H2 2025, including Sherlock Crossing and the Southeast Wyloo Au-Sb-Ag-Cu Project.

Novo Resources Corp. (OTCQB: NSRPF) has released an updated corporate presentation available on their website. The presentation provides insights into the company's strategic priorities, exploration results, project advancements, and near-term catalysts. It showcases Novo's evolving growth strategy and portfolio of gold assets.

Michael Spreadborough, Executive Co-Chairman and acting CEO, emphasized the company's progress across their exploration portfolio and their commitment to delivering disciplined growth and long-term shareholder value.

Novo Resources Corp. (NSRPF) has announced significant results from its exploration campaign at the John Bull Gold Project in New South Wales, Australia. The company's recent soil sampling extended a gold anomaly to ~1.5 km strike with peak soil results of 1.59 g/t Au. Rock chip sampling revealed impressive results of up to 67.9 g/t Au and 29 g/t Au from sheeted quartz veins. The company has identified four key targets and plans to commence a 1,500m RC drill program in June 2025, pending drill rig availability. The exploration campaign suggests the presence of an Intrusion Related Gold System (IRGS), with element zonation indicating a Sn-Bi-As core centered on a porphyritic intrusion, flanked by Au-Mo-Cu-Sb-Te zones.

Novo Resources Corp. (NSRPF) has reported key activities for March Quarter 2025, highlighting significant exploration progress across its Australian gold portfolio. The company commenced a ~6,000m AC drilling program at the Balla Balla Gold Project in Western Australia, targeting zones near the Sholl Shear Zone.

Notable results from the Tibooburra Gold Project in NSW include exceptional rock chip sampling peaks of 89.6 g/t Au and 41.9 g/t Au from mullock dumps, and 31.4 g/t Au from quartz vein outcrop. A ~2,000m RC drill program is planned for late April 2025. Soil sampling defined a significant 600m long anomaly with peak results of 1,585 ppb Au.

The company maintains a strong financial position with A$10 million in cash and A$35.6 million in investments as of March 31, 2025. Novo is actively expanding its portfolio through Farm-In agreements at John Bull, Tibooburra, and Toolunga Projects, while maintaining focus on sustainable exploration practices and Traditional Owner engagement.

Novo Resources Corp. (ASX: NVO, TSX: NVO, OTCQB: NSRPF) has launched its April corporate presentation, showcasing its Australian gold exploration portfolio and growth strategy. The company's key assets include:

• The Egina Gold Camp in the Pilbara region, featuring the Becher Project where De Grey Mining is farming-in through A$25 million exploration expenditure
• Approximately 5,500 square kilometres in the Pilbara region and the 22 square kilometre Belltopper project in Victoria
• Recently acquired TechGen John Bull Gold Project and Manhattan Tibooburra Gold Project in NSW
• A lithium joint venture with SQM in the Pilbara

The company's exploration target ranges from 320koz to 570koz Au, with estimated grades between 6.6g/t to 8.4g/t Au across 1.5Mt to 2.1Mt.

Novo Resources Corp. (ASX: NVO, TSX: NVO, OTCQB: NSRPF) has announced plans to commence a ~2,000m RC drilling program at the Clone prospect within its Tibooburra Gold Project in northwestern NSW in April 2025.

Recent exploration at Clone revealed promising results including:

• Peak rock chip samples of 89.6 g/t Au and 41.9 g/t Au from mullock dumps
• High-grade outcrop samples of 31.4 g/t Au and 10.4 g/t Au over 700m strike
• Soil sampling defining a ~600m long by 250m wide anomaly >30 ppb Au
• Previous 2023 drilling highlights including 7m at 7.23 g/t Au and 9m at 6.03 g/t Au

The program targets a west-dipping thrust associated with high-grade gold mineralization and significant sericite-carbonate alteration. The Clone prospect remains underexplored with mineralization open in all directions and trending under cover sediments extending up to 15km, providing opportunities for potential 'blind discoveries'.