Company Profile

Novo is an innovative gold explorer with a significant land package covering approximately 10,500 square kilometres in the Pilbara region of Western Australia and Bendigo region of Victoria, Australia. Novo has excellent long-term growth opportunities through highly prospective exploration tenements, expertise in project development and operations, and our use of innovative processes and technology.

In June 2023, following successful exploration results at the Becher project in the Pilbara, Novo entered into the Egina Joint Venture with De Grey Mining Limited (ASX: DEG) for the advancement of exploration at Becher and surrounding tenements. Under the Egina JV, De Grey will spend up to A$25 million over four years to earn a 50% direct stake in the relevant tenements, at which time the 50/50 Egina JV will be established.

In addition to its existing high-quality gold assets and the Egina JV, the Company continues to pursue value accretive exploration and near-term opportunities as it seeks to grow long-term shareholder value using the knowledge of its globally experienced exploration team.

Novo’s skilled and experienced Board and management team have expertise in identifying, developing and operating projects that have the best potential to add value for our stakeholders.

Corporate Speaker

Michael Spreadborough

Executive Co-Chairman

Mr Spreadborough has a mining engineer background with over 20 years’ experience in mining lead, zinc, uranium, copper, gold and iron ore. He has held roles across the scope of the industry from business and project development to operations and exploration. In recent times he has held the position of CEO of Metals X Limited, Managing Director & CEO of Nusantara Resources and Non-Executive Director of CleanTeQ Holdings. Mr Spreadborough has also held positions as the General Manager – Mining for WMC, Vice President – Mining for BHP Billiton at the world-class Olympic Dam Mine in South Australia and the General Manager – Coastal Operations for Rio Tinto, responsible for port operations and Pannawonica mine site. Previous to those roles he also held the positions of Chief Operating Officer for Inova Resources Ltd (formerly Ivanhoe Australia) and Sandfire Resources.

Mr Spreadborough holds a Bachelor of Mining Engineering from the University of Queensland, an MBA from Deakin University, and a WA First Class Mine Manager’s Certificate of Competency. Additionally, he is a member of the AusIMM and also the Australian Institute of Company Directors.

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