Novo launches drill program at Wyloo
Novo Resources Corp Australian Office
Level 3, 46 Ventnor Avenue,
West Perth WA 6005
+61 8 6400 6100
Mailing Address
PO Box 566
West Perth, WA 6872
www.novoresources.com
Vancouver: 07 April 2026
Perth: 08 April 2026
WYLOO ANTIMONY PROJECT DRILL PROGRAM TO
COMMENCE
HIGHLIGHTS
• Following completion of Trance 1 of the Company's capital raising in March 2026, Novo will
shortly commence drill programs at its Wyloo and Balla Balla projects in the Pilbara.
• Drill sites have been prepared for a RC Drill Program to commence late this month at the
previously undrilled Wyloo Antimony Project to follow up historical antimony anomolies in
2023 sediment sampling.
• Drilling to follow at the Cronus and Balla Balla Gold Prospects in the Karratha region during
Q2 2026.
• At Wyloo Antimony Project, an initial program of ~2,500 m will test the polymetallic vein
system, mineralised structures, and the potential for stratabound mineralisation. The
Paulsens gold deposit lies ~40 km to the northwest within the Wyloo Dome.
• Drilling at Cronus Gold Prospect will commence with five fences of ~ 2,000 m of RC across
the Titan Shear, testing interpreted fault offsets, kinks and splays between the Titan East
Prospect to the southwest and the Weerianna deposit to the northeast.
• Follow up drilling at Balla Balla Project is planned with 6,000 m of Aircore drilling to infill the
previous anomalies along the Scholl shear at the Babbage and Ramquarry Prospects.
• Drill planning is underway to test the Teichman Project in Q3 2026, once all approvals have
been received.
Figure 1: Novo Pilbara and Onslow District tenure showing significant prospects and location of the planned drilling
at Wyloo, Cronus, Balla Balla and Teichman Projects in the Pilbara.
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PERTH, WESTERN AUSTRALIA - Novo Resources Corp. (Novo or the Company) (ASX: NVO)
(TSX: NVO) (OTCQB: NSRPF) is pleased to report on the upcoming drilling and forward work
program involving drilling at the Wyloo, Cronus, Balla Balla and Teichman Projects (Figure 1)
following completion of Tranche 1 of the Company's recent capital raising.
Commenting on the Company's planned drilling, Mike Spreadborough, Executive Co-Chairman
and Acting Chief Executive Officer, said: "Novo's extensive portfolio has some tremendous
targets and we feel that Wyloo, with historic antimony sample results, provides an excellent
start to 2026 exploration.
"Wyloo, initially identified as a prospect by regional helicopter supported stream sediment
sampling, has continued to impress with each subsequent program to this maiden drill
program into this compelling target.
Likewise, Cronus, within a well mineralised gold district, has never been drill tested. The Balla
Balla follow up drilling program will advance these shear zone hosted gold targets."
Wyloo Antimony Project
The Wyloo Antimony Project (Wyloo) area covers two exploration tenements in the southern
Pilbara (Figure 2). The Wyloo SE and Wyloo SW prospects lie within the core of the Wyloo
anticline, in the SE flank of the Wyloo Dome, which forms a basement high within the Ashburton
Basin. The Paulsens Gold Operation (Black Cat Syndicate (ASX:BC8)) lies in the NE part of the
Wyloo Dome, approximately 40 km WNW of Wyloo SE.
Novo has continued to progress exploration after regional stream sediment sampling reported
highly anomalous antimony in 2023. Follow up mapping and soil sampling has significantly
enhanced the potential of the project, provided new targets and defined prospective targets
ready to drill.
An initial program of 2,500 m of RC drilling is planned, with contigency to extend the drilling
under the shallow cover. Fuel supplies are currently secured for this program.
Figure 2: Wyloo tenure showing high order stream sediment antimony anomalies, previously released
soil sampling at the SE anomaly (inset) has defined a large antimony anomaly extending under shallow
cover to the west.
At Wyloo SE, a strong multi-element soil anomaly (with coherent high Sb grades) was defined
over 150 m strike, trending parallel to stratigraphy and crosscutting the main vein array
previously defined by Novo; suggesting a strong stratigraphic control to the anomaly and target.
Peak soil values include 57.2 ppm Ag, 142 ppm Sb, 1,440 ppm As, 2,180 ppm Zn and 1,530
ppm Pb. Multi-element anomalies are zoned, generally trend WNW parallel to stratigraphy and
are open under cover.
Follow-up exploration on the high-order Sb stream anomaly at Wyloo SW has defined a target
area of 2.5 km x 800 m with peak stream sediment results of 19.9 ppm Sb and a multielement
association of Sb-As-Cu-Pb-Zn.
Figure 3: Previously released peak rock chip results at the Wyloo SE prospect and geology (outcrop mapping),
highlighting significant Ag, Sb, Au, Cu, Zn and Pb results from the main vein array. Much of the target area only
poorly outcrops (refer Figure 2 for geological setting).
A heritage survey was completed in March 2026 at Wyloo SE to provide access for RC drilling
and has cleared the area for drilling.
Sectional drilling will test the vertical metal zonation of the polymetallic system, grade and
width of the mineralisation and potentail plunge of the target.
Maiden drilling at Wyloo SE is planned to target:
• The main ENE trending polymetallic vein array.
• The Tasha Fault zone, also trending ENE.
• The WNW trending stratigraphy, particularly at the intersection and in the vicinity of the
sulphide bearing quartz-eye porphyry.
Cronus Gold Project
Cronus Gold Project (Cronus) is an early-stage exploration project centred on the Titan
Shear Zone (Figure 4) in the Northern Pilbara (Figure 1). Novo has completed a mapping and
geochemical sampling program over a 2 km trend, targeting the Titan Shear Zone and
interpreted splay faults under shallow cover. The program is planned for 2,000 m of drilling on
regionally spaced lines designed to test several interpreted structural targets.
Drilling by Artemis Resources (ASX:ARV) at the Titan East prospect has reported significant gold
in a major shear zone at the contact between the Ultramafics and the Basalt. The Titan shear
can be traced over 10 kilometres to the north-east into the Weerianna gold deposit.
This shear zone is interpreted and can be traced on the ground into Novo's Cronus prospect
where outcropping ultramafics and basalts are mapped with major shear related veining
identified. Limited geochemistry sampling has now been completed where the shear is under
shallow cover and interpreted fault offsets, kinks and splays will be drill tested.
Five sectional drill traverses are planned with ~2,000 m of RC drilling to test the shear zone for
shallow economic mineralisation.
Figure 4: Cronus Gold Prospect tenure showing the regional setting of the Titan shear zone and the
Titan and Weerianna deposits.
Balla Balla Gold Project
Balla Balla Gold Project (Balla Balla) is an early-stage exploration project centred on the
Sholl Shear Zone in the Northern Pilbara (Figure 5). In May 2025, Novo completed a maiden
AC program testing several prospects over a 10 km trend, targeting the Sholl Shear Zone and
interpreted splay faults under shallow cover. The program included 187 AC holes for 5,996 m on
regionally spaced lines varying from 640 m to 2.8 km apart and was designed to test several
interpreted targets.
Assessment of the results from the previous drilling highlight anomalous Au-Ag-Bi-Sb-Cu-
Mo-Zn geochemistry at Ramquarry and South Babbage prospects along the Sholl Shear,
related to strong silica-chlorite alteration and/or zones of intense quartz veining and sulphide,
indicating significant hydrothermal activity. Peak results from broad zones of low-level
anomalism associated with the Sholl Shear includes assay of 182 ppm Sb and 114 ppb Au.
The follow up infill and extensional Aircore drill program is planned at both Ramquarry and
Babbage areas, as displayed on Figure 6 to further test the fertile Sholl Shear Zone, complex
structural setting and definitive hydrothermal signature.
Figure 5: Balla Balla Gold Project location on regional aeromagnetic image demonstrating the major
interpreted structures of the Pilbara including the Scholl Shear and Mallina Shear Zones
Figure 6: Balla Balla Project with tenure, priority prospects and previous gold results from AC drilling in
2025 over interpreted geology and aeromagnetics. Red polygons define follow up drill target areas.
Egina Gold Camp - Teichman Gold Project
Novo is advancing gold exploration in the Teichman area, which is part of the Croydon JV (70%
Novo and 30% Runnel Holdings Pty Ltd, an entity of Mark Gareth Creasy (Creasy Group)).
The project area includes multiple historic workings centred on two main mineralised shear
zones, over an area of approximately 2.5 by 1.3 km. Exploration at Teichman completed in Q4
2025 included mapping and surface sampling and has defined multiple shear-hosted gold
targets along the Pride and Teichman trends (Figure 7).
This work comprised Novo's first pass on-ground exploration program to define targets for
drilling, following discussions with the Mugarinya Community which facilitated Novo's access
onto the Yandeyarra Reserve to conduct low impact exploration.
Heritage surveys are planned to clear a program of RC drilling for Q3 2026.
Figure 7 Teichman prospects highlighting Novo rock chip results > 5 g/t Au and geological
interpretation with regolith cover.
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Authorised for release by the Board of Directors.
CONTACT
Investors:
Mike Spreadborough
+61 8 6400 6100
info@novoresources.com
North American Queries:
Leo Karabelas
+1 416 543 3120
leo@novoresources.com
Media:
Peter Tyler
+61 412 036 231
peter@nwrcommunication.com.au
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QP STATEMENT
Mr Bruce Hooper (RPGeo, AIG), is the qualified person, as defined under National Instrument 43-101
Standards of Disclosure for Mineral Projects, responsible for, and having reviewed and approved, the
technical information contained in this news release. Mr Bruce Hooper is Novo's Interim General Manager
Exploration.
JORC COMPLIANCE STATEMENT
Previous Exploration Results
The information in this news release that relates to previously reported exploration results at Novo's Pilbara
tenure is extracted from the Company's ASX announcements referred to in endnotes 1,2,3,5 and 6 below,
each of which is available to view at www.asx.com.au. The Company confirms that it is not aware of any
new information or data that materially affects the information included in the original market
announcements and that all material assumptions and technical parameters underpinning the estimates
in the market announcements continue to apply and have not materially changed. The Company confirms
that the form and context in which the competent persons findings are presented have not been
materially modified from the original market announcements.
FORWARD-LOOKING STATEMENTS
Some statements in this news release may contain "forward-looking statements" within the meaning of
Canadian and Australian securities law and regulations. In this news release, such statements include but
are not limited to planned exploration activities and the timing of such. These statements address future
events and conditions and, as such, involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the statements. Such factors include,
without limitation, customary risks of the resource industry and the risk factors identified in Novo's annual
information form for the year ended December 31, 2025 (which is available under Novo's profile on SEDAR+
at www.sedarplus.ca and at www.asx.com.au), in the Company's options prospectus dated 9 March 2026
and in the Company's prospectus dated 2 August 2023, both of which are available at www.asx.com.au.
Forward-looking statements speak only as of the date those statements are made. Except as required by
applicable law, Novo assumes no obligation to update or to publicly announce the results of any change
to any forward-looking statement contained or incorporated by reference herein to reflect actual results,
future events or developments, changes in assumptions or changes in other factors affecting the forward-
looking statements. If Novo updates any forward-looking statement(s), no inference should be drawn that
the Company will make additional updates with respect to those or other forward-looking statements.
1 Refer to Novo's ASX announcement dated 4 September 2025 – Drilling Commences at Sherlock Crossing Gold-
Antimony Prospect.
2 Refer to Novo's ASX announcement dated 10 February 2026 (Perth, Australia)/ news release dated February 9, 2026
(Vancouver, Canada) – New Targets at the Wyloo Gold – Silver – Antimony Project for Maiden Drill Program.
3 Refer to Novo's ASX announcement dated 11 September 2024 – Evaluation of Pilbara Antimony-Gold Potential
Generates Positive Results.
4 Refer to ARV's ASX announcement dated 27 February 2026 - Diamond Drilling Further Extends Emerging Gold Zone
at Titan East. Novo has not verified the data, and therefore cannot confirm any of the statements, contained therein.
5 Refer to Novo's ASX announcement dated 20 June 2025 (Perth, Australia)/ news release dated June 19, 2025
(Vancouver, Canada)– Pilbara Exploration Update: High-Grade Gold and Antimony Targets in its entirety.
6 Refer to Novo's ASX announcement dated 11 November 2025 – Strong Gold Results from Teichman; High-Grade
Antimony Results from Sherlock
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ABOUT NOVO
Novo is an Australian based gold explorer listed on the ASX and the TSX focussed on discovering
standalone gold and copper projects with > 1 Moz development potential. Novo is an innovative explorer
with a significant land package covering approximately 4,160 square kilometres in the Pilbara region of
Western Australia, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of
Victoria. In addition to the above, Novo is part of two prospective farm in agreements in New South Wales.
Novo's key project area in the Pilbara is the Egina Gold Camp, where Northern Star Resources Limited (ASX:
NST) is farming-in to form a JV at the Becher Project and surrounding tenements through exploration
expenditure of A$25 million for a 50% interest. The Becher Project has similar geological characteristics to
Northern Star's 13.6 Moz Hemi Project. Novo is also advancing gold exploration south of Becher at the
Teichman Project in the Egina Gold Camp, part of the Croydon JV (Novo 70%: Creasy Group 30%). Novo
continues to undertake early-stage exploration elsewhere across its Pilbara tenement portfolio.
Novo has also formed a lithium joint venture with SQM in the Pilbara which provides shareholder exposure
to battery metals.
Novo has strengthened its high-quality, Australian based exploration portfolio by adding the TechGen