Novo Resources Corp. is a Canadian-listed company with gold production and exploration assets in the Pilbara region of Western Australia and near Agnico Eagle’s Fosterville mine in Victoria, Australia. Its Nullagine Gold Project has paused production awaiting the outcome of a revised Feasibility Study and mine extension approvals. It has a approximately 10,500 sq km exploration tenement under active exploration.

The report has been commissioned by Novo but prepared by Independent Investment Research (“IIR”) which is fully responsible for the contents thereof. Novo does not endorse IIR’s analysis or conclusions in the report.

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