Join Mike Spreadborough, Executive Co-Chairman of Novo Resources, and Kas De Luca, General Manager of Exploration, as they delve into Australia's rich gold landscape. They reveal high-grade surface gold results from the Teichman Project, with standout samples reaching 77.5 g/t, and explore promising scout drilling at Sherlock Crossing, showing mineralization that includes gold and antimony. The Tibooburra Project also shines, with gold trends expanding up to 22 km. The duo discusses their strategic outlook, balancing drilling targets and permitting for future exploration.
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insights INSIGHT
Teichman Shows Surprise High-Grade Surface Gold
Novo's first systematic work at Teichman revealed very high surface grades, including 77.5 g/t and 51.4 g/t gold.
Two mineralized trends span about 1.3–2.5 km and are now drill-priority once weather and approvals permit.
question_answer ANECDOTE
From Sporadic 1980s Work To Systematic Sampling
Kas described Teichman as previously underexplored with only sporadic 1980s work and access issues until recent community relationships improved access.
Systematic sampling since has confirmed historic highlights and yielded multiple high‑grade results.
volunteer_activism ADVICE
Prepare To Drill Teichman When Conditions Allow
Drill planning at Teichman will focus on the obvious ~1 km targets identified from surface sampling.
Novo will wait for better weather and regulatory approvals before mobilizing rigs to test the trends.
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In this KE Report company update, I chat with Mike Spreadborough, Executive Co‑Chairman, and Kas De Luca, General Manager of Exploration at Novo Resources (TSX: NVO - OTCQB: NSRPF - ASX:NVO ) for an in-depth exploration overview from three key Australian projects - Teichman, Sherlock Crossing, and Tibooburra - highlighting strong gold and antimony results and outlining next steps for 2026 fieldwork.
Key Discussion Points:
Teichman Project - High-Grade Surface Gold:
First-ever systematic exploration at Teichman, located near the 13Moz Hemi Project, returned standout surface samples up to 77.5 g/t and 51.4 g/t gold. Two major mineralized trends have been defined over 1.3 to 2.5 km, with drilling planned as soon as weather conditions allow.
Sherlock Crossing - Gold-Antimony System:
Scout drilling confirmed strong mineralization including 3 meters grading 2.9 g/t gold with 1.8% Sb, and peak sample results of 7.7 g/t gold and 4.77% Sb. Novo plans follow-up work leveraging Western Australia’s EIS grant program to offset drilling costs.
Tibooburra Project, New South Wales - Expanding Mineralized Trends:
Continued success at Pioneer North and South with gold samples up to 40 g/t. Systematic fieldwork and land expansion have outlined several parallel gold-bearing trends extending up to 22 km, positioning Tibooburra for more extensive drilling next year.
Strategic Outlook:
Novo plans to balance high-priority drill targets with permitting timelines across projects while maintaining its strong cash position following recent divestments. Flagship John Bull remains the top near-term drill target, complemented by upcoming work at Teichman, Sherlock, and Tibooburra.
Please email me with any follow up questions for Mike and the team at Novo Resources. My email address is Fleck@kereport.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. Investing in equities and commodities 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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