Novo Resources Corp. reported on the upcoming drilling and forward work program involving drilling at the Wyloo, Cronus, Balla Balla and Teichman Projects following completion of Tranche 1 of the Company?s recent capital raising. 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 anomalies in 2023 sediment sampling.
Drilling to follow at the Cronus and Balla Balla Gold Prospects in the Karratha region during Second Quarter 2026. At Wyloo Antimony Project, an initial program of approximately 2,500 m will test the polymetallic vein system, mineralised structures, and the potential for stratabound mineralisation. The Paulsens gold deposit lies approximately 40 km to the northwest within the Wyloo Dome.
Drilling at Cronus Gold Prospect will commence with five fences of approximately 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 Third Quarter 2026, once all approvals have been received.
The Wyloo Antimony Project area covers two exploration tenements in the southern Pilbara. 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 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 contingency to extend the drilling under the shallow cover.
Fuel supplies are currently secured for this program. 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. 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. 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 potential 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, and the WNW trending stratigraphy, particularly at the intersection and in the vicinity of the sulphide bearing quartz-eye porphyry. Cronus Gold Project is an early-stage exploration project centred on the Titan Shear Zone in the Northern Pilbara. 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 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 approximately 2,000 m of RC drilling to test the shear zone for shallow economic mineralisation.
Balla Balla Gold Project is an early-stage exploration project centred on the Sholl Shear Zone in the Northern Pilbara. 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 2,800 m 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 to further test the fertile Sholl Shear Zone, complex structural setting and definitive hydrothermal signature.
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 Fourth Quarter 2025 included mapping and surface sampling and has defined multiple shear-hosted gold targets along the Pride and Teichman trends.
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 Third Quarter 2026.
