Novo completed its maiden drill program at the Clone prospect as part of the Tibooburra Gold Project, in May 2025. RC drilling was completed at Clone in May 2025, with 14 holes drilled for 1,984 m on approximately 60 m to 150 m spaced sections. Historical drilling completed by Manhattan in 2023, highlighted potential for shallow dipping high-grade gold mineralisation, testing to a maximum depth of 75 m, with significant drill results returned from eleven holes including: 6 m @ 8.39 g/t Au from 82 m (CL0007); 9 m at 6.03 g/t Au from 16 m (CL0013); 6 m at 4.22 g/t Au from 66 m, including 4 m @ 6.21 g/t Au from 68 m (CL0004); 29 m @ 1.37 g/t Au from 61 m, including 19 m @ 1.81 g/t Au from 62 m Au (CL0002).

Broad zones of lower grade mineralisation were also intersected, highlighting the gold fertility of the structural corridor. Drill intercepts from both Novo and Manhattan support this model and include: 10 m @ 0.45 g/t Au from 105 m (TB R0013); 23 m @ 0.51 g/t Au from 71 m (CL0001); 14 m @ 0.5 g/t Au from 17 m (CL0005); 10 m @ 0.53 g/t Au from 57 m (CL0007). New Bendigo is an advanced target at Tibooburra approximately 7 km southeast of Clone, and along a parallel trend.

The information in this news release that relates to previously reported exploration results at the Tibooburra Project is extracted from: (a) Novo's ASX announcement entitled "Novo Strengthens Portfolio with Two High-Grade Gold Projects in NSW, Australia" released to ASX on 13 December 2024; and (b) Novo's ASX announced "Promising Surface Exploration Informs Tibooburra RC Drilling Program" released to ASX on 2 April 2025. Novo has recently strengthened its high-quality, Australian based exploration portfolio by adding the TechGen John Bull Gold Project in the New England Orogen of NSW, and Manhattan Tibooburra Gold project in the Albert Goldfields in northwestern NSW. Both projects demonstrate prospectivity for significant discovery and resource definition and align with Novo's strategy of identifying and exploring projects with > 1 Moz Au potential.

Exploration done by other parties; Acknowledgment and appraisal of exploration by * Proto Resources and Investments completed an other parties. RC drilling program at the Pioneer and Phoenix project in 2006. Meteoric Resources completed RAB and Aircore drilling at the New Bendigo, Phoenix, Pioneer and The Kink prospects in 2011 and 2012.RAB holes at New Bendigo returned very strong gold anomalous results that highlighted the potential for significant gold mineralisation at the New Bendigo prospect.

Meteoric Resources also completed soil, stream and rock chip sampling across selected areas of the tenure. Awati Resources completed diamond drilling in 2016 at New Bendigo as part of the NSW deposit.