Novo Resources Reports 2024 Sustainability Report

Core Insights - Novo Resources Corp. has released its 2024 Sustainability Report, highlighting its commitment to sustainability and the importance of stakeholder engagement, including local communities and traditional owners [1][2]. Company Overview - Novo Resources Corp. is an Australian-based gold explorer listed on the ASX and TSX, focusing on discovering standalone gold projects with over 1 million ounces (Moz) development potential [4]. - The company holds a significant land package of approximately 6,700 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in Victoria, Australia [4]. Recent Developments - Over the past year, Novo transitioned from an operator to a gold explorer, divesting the Nullagine Gold Project and completing multiple joint ventures (JVs) [2]. - The company is advancing its key project area, the Egina Gold Camp, where it has formed a JV with De Grey Mining at the Becher Project, involving an exploration expenditure of A$25 million over four years for a 50% interest [5]. - Novo is also progressing gold exploration at Nunyerry North, part of the Croydon JV, where significant gold mineralization was identified in 2023 [5]. Strategic Focus - Novo has formed lithium joint ventures with Liatam and SQM in the Pilbara, providing exposure to battery metals for shareholders [5]. - The company maintains a disciplined program to identify value-accretive opportunities aimed at building further value for shareholders [5].