Sustainability Report 2025



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Acknowledgement of Country

We acknowledge the Traditional Custodians of the land upon which Novo operates. We recognise their continuing connection to lands, waters, and communities. We pay

our respect to Aboriginal and Torres Strait Islander cultures, and to Elders past and present.

Sustainability Report 2025

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Table of Contents

FY25 Highlights 4

Executive Co-Chairman Message 5

About this Report 6

Overview 10

Operating with Integrity 17

Valuing our People and Communities 26

Respecting the Environment 32

Sustainability Report 2025

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‌FY25 Highlights


Operating with Integrity Valuing our People and Communities Respecting the Environment

Sustainability Report

2025

Highlights

Ambition

Undertook a comprehensive assessment of the skills and experience of the Board, developing a Board skills matrix.

To embed sustainability into our decision making, including new acquisitions.

Focus

Updated Board Committee Charters.

  • Review and update Novo's IT Policy

    to include data security.

  • Undertake a review of our supply

Established a new asset acquisition due diligence process.

chain process to ensure alignment with our risk tolerance.

Highlights

Sponsored the WA Mining Club Scholarship for a

regional geological student.

Contributed towards the Ieramugadu Store Maya (Roebourne General Store) Christmas Food Supply.

Developed Cultural Heritage Inductions.

Ambition

To work collaboratively with our communities to support their ability to thrive.

Focus

  • Create a policy to guide our engagement and investment in the communities in

    which we operate.

  • Enhance communications, engagement and relationships

    with communities through a variety of activities.

    Highlights

    Conducted a thorough

    rehabilitation audit and rehabilitated

    4.73 ha of land.

    Achieved zero environmental incidents.

    Ambition

    To operate in a responsible and sustainable manner by minimising our

    environmental footprint, protecting biodiversity and integrating climate resilience into our activities.

    Focus

  • Develop a Water Management Standard applicable across our operations.

  • Undertake a Physical Climate Risk and Opportunity Assessment.

  • Progressively monitor and rehabilitate tenure in line with

the rehabilitation schedule.

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‌Novo remains in a strong financial position and

continues to pursue opportunities that enhance shareholder value while supporting our sustainability objectives

Sustainability Report 2025

Executive Co-Chairman Message

Dear Stakeholders,

It is with great pleasure that I present the Novo Resources Corp (Novo) Sustainability Report for 2025,

reflecting our continued commitment to responsible growth and environmental stewardship.

Over the past year, we have taken steps to embed sustainability deeper into our operations, in line with our core values. This has included strengthening our acquisition due diligence process, placing greater emphasis on climate-related risks and sustainability performance. We have also reviewed and updated our Board Committee Charters to reflect the current state of our business and ensure sustainability considerations are integrated into strategic decision making at every level.

Novo remains in a strong financial position and continues to pursue opportunities that enhance shareholder value while supporting our sustainability objectives. This year, we expanded our portfolio with three new projects - two in New South Wales (John Bull and Tibooburra) and one in Western Australia (Toolunga). We also continue to manage our joint ventures, working collaboratively with partners SQM and Northern Star.

This report outlines our progress and sets out our commitments for the year ahead, including how we intend to evolve our approach to managing climate-related risks, community engagement and land management with a view to contribute to more sustainable outcomes.

I would like to thank the Novo team, our partners and our stakeholders for their ongoing support and engagement. Together, we are building a resilient and responsible business that delivers long-term value for all.

We hope you enjoy the report.

Mike Spreadborough

Executive Co-Chairman

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Sustainability Report 2025

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Disclaimer

Novo Resources Corp. published this content on November 19, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 19, 2025 at 03:17 UTC.