Wyloo Antimony Project Drill Program to Commence

Novo Resources announced that its multi‑project drilling program in Western Australia’s Pilbara region has officially commenced. The programme includes:

• ~2,500 m of reverse‑circulation (RC) drilling at the Wyloo Antimony project to test a polymetallic vein system and the Tasha Fault zone.
• ~2,000 m RC across five drill fences at the Cronus Gold project targeting the Titan Shear Zone.
• 6,000 m of air‑core (AC) drilling at Balla Balla Gold and a future Q3 2026 RC program at Teichman pending approvals.

The start follows completion of Tranche 1 of a C$5.9 million placement in March 2026, which funded the field work. Management highlighted historic geochemical anomalies (e.g., 57.2 ppm Ag, 142 ppm Sb, 1,440 ppm As) that underpin the drill targets.

• Expectation vs. reality: The drilling start was anticipated after the March financing; therefore it is an execution milestone rather than a surprise.
• Market reaction potential: Execution news typically reinforces investor confidence and can modestly lift price, especially given the high‑grade polymetallic signatures at Wyloo.
• Materiality classification: Because the announcement confirms previously signaled plans without new financing or resource revisions, it is Routine – Positive. It adds incremental upside but does not constitute a game‑changing development.

Novo Resources holds a diversified portfolio of Australian gold‑focused projects, with an increasing emphasis on copper‑rich systems. Flagship assets include:

• Wyloo Antimony (Pilbara): Polymetallic vein system with strong Ag‑Sb‑As‑Zn anomalies; now entering maiden RC drilling.
• Belltopper Gold (Victoria): Updated 2026 exploration target of 2.1–3.1 Mt @ 6.7–8.9 g/t Au (≈320–570 koz Au).
• John Bull & Tibooburra (NSW): Advanced IRGS targets with high‑grade surface assays and planned RC programmes.