Strong Gold Results From Teichman

Executive Summary

• Novo Resources reported high‑grade gold assays from rock‑chip sampling in the Teichman area, including a peak of 77.5 g/t Au and multiple samples > 10 g/t Au.
• Scout RC drilling at the Sherlock Crossing prospect returned significant Au–Sb intercepts, notably 3 m @ 2.96 g/t Au and 1.86 % Sb (including a 1 m @ 7.71 g/t Au) and additional intervals of > 1 g/t Au with elevated antimony.
• The company outlined follow‑up work: further mapping/sampling at Wyloo in late 2025, drill‑ready target definition for Teichman, and continued JV exploration by Northern Star across the Egina and Farno tenements.

Key Details

• Teichman Area (Egina Gold Camp)
• Mapping & geochemical sampling over a 1.3 × 2.5 km corridor identified two main shear zones with strong gold potential.
• Rock‑chip assay highlights:
  • 77.5 g/t Au, 9.3 g/t Ag, 0.24 % Cu (Pride NNE)
  • 51.4 g/t Au, 7.9 g/t Ag, 0.59 % Cu (Pride N)
  • 30.3 g/t Au (Teichman), 38.3 g/t Au (Mountain Maid), plus several > 5 g/t Au samples.

• 11 of 87 rock‑chip samples graded > 10 g/t Au; peak values up to 108 g/t Au reported from historic workings.

• Sherlock Crossing Prospect

• Scout RC drilling (Sept 2025): 8 holes, total 1,026 m.
• Significant intercepts:
  • LCR0005: 3 m @ 2.96 g/t Au & 1.86 % Sb from 108 m; within this, 1 m @ 7.71 g/t Au & 4.77 % Sb at 109 m.
  • LCR0001: 1 m @ 3.15 g/t Au & 84 ppm Sb (19 m), and 1 m @ 1.05 g/t Au & 246 ppm Sb (59 m).

• System remains open at depth; carbonate alteration strengthening suggests potential for deeper mineralisation.

• Wyloo Project

• Access granted by Traditional Owners; follow‑up mapping/sampling scheduled for Nov 2025.
• Historic rock‑chip results: up to 482 g/t Ag, 1.29 % Sb, 0.93 g/t Au, 2.6 % Cu, 9.7 % Pb, 15.95 % Zn.

• Drilling planned for Q1 2026 pending heritage surveys.

• Joint‑Venture Activity (Northern Star)

• Egina JV (50 % NSR) – air‑core program of 55 holes (5,785 m) in Farno JV showed no significant intercepts.

• Planned H2 2025 field work: mapping at Gillies (E47/2502), reconnaissance on the Croydon Anticline (Mallina Project), and desktop studies across multiple tenements.

• Management Commentary

• Mike Spreadborough, Executive Co‑Chairman & Acting CEO, highlighted excitement over early‑stage results, emphasizing multiple prospective drill targets at Teichman and a robust Au–Sb platform at Sherlock Crossing.

• Emphasis on progressing key work activities toward a potential maiden drill program and unlocking the full gold‑antimony potential of the prospects.

• Technical Oversight

• Qualified Person: Mr. Iain Groves (MAIG), Exploration Manager, verified all technical data per NI 43‑101 standards.
• JORC Code compliance statements provided for sampling, drilling, assay methods, QA/QC procedures, and data handling.

Notable Quotes

“The team is extremely pleased with the early‑stage results from exploration work completed at the Teichman area and drilling at Sherlock Crossing… This result sets an exciting platform for Novo to complete further work at Sherlock Crossing as we look to unlock the full gold and antimony potential of the prospect.” – Mike Spreadborough, Executive Co‑Chairman & Acting CEO.