The KE Report

Novo Resources - Belltopper Initial Resource Estimate, Egina Project Update, New Exploration Manager Introduction, Project Portfolio Overview

June 12, 2026·20 min
Episode Description from the Publisher

In this Company Update, we check in with Mike Spreadborough, Executive Co-Chairman, and Rohan Williams, the newly appointed General Manager of Exploration at Novo Resources (TSX: NVO | ASX: NVO | OTCQX: NSRPF). The discussion centers around a comprehensive exploration and operational update across the company's high-grade asset portfolio in Australia. Key themes discussed in this episode include: Initial Resource Estimate at Belltopper: An inside look at the newly defined shallow, high-grade inferred mineral resource and how this fits into the project's broader geologic potential. Multi-Asset Western Australia Campaign: Updates on the recently completed drilling at the Wyloo South East polymetallic target and current active programs at the Cronus target. Egina Gold Project Strategy: How the conclusion of the Northern Star Resources earn-in returns 100% control of this highly prospective asset back to Novo, backed by millions in historical partner spending. Balance Sheet and Upcoming Assays: A review of the company's strong financial runway, liquid asset portfolio, and anticipated news flow through the remainder of the year.   Please email me with any follow up questions for Mike, Quinton, and the team at Novo Resources. My email address is Fleck@kereport.com.     Click here to visit the Novo Resources website to learn more about all the projects and exploration programs.    ----------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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