Wyloo completes drilling at high-priority targets

HIGHLIGHTS 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. These results are illustrative of Novo’s strategy as an exploration project generator. We are systematically testing a portfolio of early-stage targets across the Pilbara, and results like these tell us where to commit further capital and where our geological thinking is being validated.

Wyloo and Toolunga are both still early in their exploration process, but the quality and consistency of what we are seeing gives us confidence to expand the work programs at both projects and continue building the pipeline of opportunities that underpins our growth.” VANCOUVER, British Columbia and PERTH, Western Australia, July 21, 2026 (GLOBE NEWSWIRE) -- Novo Resources Corp. ( Novo or the Company ) (ASX: NVO) (TSX: NVO) (OTCQB: NSRPF) is pleased to provide an update on the recent exploration and progress across the Company’s Pilbara project portfolio, includ