Wyloo completes drilling at high-priority targets

Drilling of High Priority Targets at Wyloo Completed

HIGHLIGHTS

•	Maiden RC drilling completed at the Wyloo Polymetallic Project at the Wyloo SE prospect comprising 16 holes for a total of 2,615 m has confirmed the presence of a significant hydrothermal alteration system including intercepts of 9 m @ 92 g/t Ag and 1,280 ppm Sb from 0 m in 26WYR001 including 1m @ 460 g/t Ag and 1,425 ppm Sb from 2 m.
•	Geochemical soil and rock chip sampling across the newly identified Vera prospect at the Wyloo Polymetallic Project has highlighted a significant 260 m wide and 600 m long strike length Sb – As anomaly with soil peak assay results of 803 ppm Sb and 1,265 ppm As and peak rock chip results of 3.5% Sb, 33.2 ppm Ag, 1.4% Zn and 2.1% Pb.
•	Increased focus on the Kavira prospect at the Wyloo Polymetallic Project with a coherent 2.5 km x 800 m high-order Sb stream anomaly with a heritage survey planned for H2 2026 to facilitate a drilling program as a priority, targeting bedrock under the extensive transported cover.
•	Novo has expanded its ground position at the Toolunga Copper–Gold Project with additional tenements over IOCG targets, increasing its land holding from 1,520 km2 to 2,242 km2 along with the identification of three high priority coincident magnetic-gravity targets.

Commenting on the new results and completion of the initial RC program, Mike Spreadborough, Executive Co-Chairman and Acting Chief Executive Officer, said:

“For our geological exploration team, these are the kind of results that are gratifying. At Wyloo, we set out to test a series of surface anomalies and geological interpretations, and the maiden drilling has confirmed a genuine hydrothermal system – strong silver and antimony grades from surface at Wyloo SE, broad zones of zinc mineralisation, and now the Vera anomaly extending the footprint well beyond where we have drilled.

Each piece of information on this prospect builds on the last, and that consistency is the hallmark of a system with real scale potential rather than an isolated pocket of mineralisation.

Equally pleasing is Toolunga, where our geological model and re-processed geophysics have delivered three coincident magnetic-gravity targets with genuine IOCG characteristics – a style of mineralisation that, when it works, can host very large deposits.