Drill Results
Novo Delivers Significant Increase to Belltopper Exploration Target
NVO · Price
Executive Summary
- Novo Resources announced a materially upgraded 2026 Exploration Target for the Belltopper Gold Project, increasing tonnage by up to 48% (2.1–3.1 Mt) and grade by up to 6% (6.7–8.9 g/t Au) versus the 2024 target.
- The update adds a new reef (Western Domain Fault) and extends strike/depth on four of the seven priority reefs, bringing eight reefs into the target.
- Planning has begun for drill programs in H2 2026 to test the expanded target and additional high‑priority prospects.
Key Details
- Target Size: 2.1 Mt – 3.1 Mt (Low/High case)
- Grade Range: 6.7 g/t Au – 8.9 g/t Au (Low/High case)
- Tonnage Growth vs. 2024 Target: +40 % (low) to +48 % (high)
- Au Grade Improvement vs. 2024 Target: +1.5 % (low) to +6 % (high)
Reef‑by‑Reef Breakdown (2026 Target)
| Reef | Low Case Tonnes | High Case Tonnes | Low Case Grade (g/t Au) | High Case Grade (g/t Au) |
|---|---|---|---|---|
| Leven Star | 580,000 | 810,000 | 4.6 | 5.1 |
| Missing Link | 150,000 | 220,000 | 7.7 | 10.5 |
| Never Despair | 180,000 | 270,000 | 7.7 | 10.5 |
| O’Connor’s | 540,000 | 800,000 | 7.7 | 10.5 |
| Queens/Egyptian | 170,000 | 230,000 | 7.7 | 10.5 |
| Hanover | 120,000 | 170,000 | 7.7 | 10.5 |
| Piezzi/Stackyards | 300,000 | 450,000 | 7.7 | 10.5 |
| Western Domain Fault (new) | 90,000 | 140,000 | 4.4 | 6.3 |
| TOTAL | 2,100,000 | 3,100,000 | 6.7 | 8.9 |
- New Reef Added: Western Domain Fault – a steeply east‑dipping structure extending the target north–south.
- Strike/Depth Extensions: Leven Star (+200 m NE), Piezzi/Stackyards and O’Connor’s (additional ~210–460 m NW), based on historic drill intersections (e.g., BTD003: 3 m @ 1.0 g/t Au; BTD006: 7 m @ 1.88 g/t Au).
Notable Historic Intersections Supporting the Update
- BTD004: 2 m @ 15.18 g/t Au (9 m depth) – high‑grade historic intercept.
- MD17: 0.95 m @ 10.0 g/t Au (102.65 m) on Western Domain Fault.
- BTD006: 7 m @ 1.88 g/t Au (179–186 m) and 3.19 m @ 3.42 g/t Au (182.81–186 m).
Planned Activities
- Preliminary planning for H2 2026 drilling to test the expanded target and additional “prospective” reefs (e.g., NW Fault 9, Butchers Gully Fault, Panama Fault).
- Potential future inclusion of these prospects in subsequent Exploration Target updates.
Notable Quotes
“We are very pleased to deliver this important and impressive upgrade to our Belltopper Gold Project Exploration Target… the tonnage increasing by 40%‑48% and the already high‑grade nature of Belltopper increasing by 1.5%‑6%.” – Mike Spreadborough, Executive Co‑Chairman & Acting CEO
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Jul 29, 2026 · 16:05