Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) executive co-chair and acting CEO Mike Spreadborough talked with Proactive’s Tylah Tully about the company’s latest portfolio expansion and strategic plans for 2025.
Spreadborough outlined the addition of the Toolunga, John Bull and Tibooburra projects, emphasising the company’s disciplined approach to identifying drill-ready assets with the potential for significant resource development.
Discussing the Toolunga Project in Western Australia’s Onslow district, Spreadborough highlighted its prospective geology and proximity to established gold and lithium operations.
The John Bull Project in New South Wales features historical drilling results and promising targets for exploration, while the Tibooburra Project, also in New South Wales, was praised for its advanced, high-grade drill-ready targets and compelling prior drilling results.
Spreadborough shared Novo Resources' aggressive exploration plans, with drilling slated to begin across these projects in early 2025.
He expressed optimism about the company’s ability to build a robust resource base as it heads into the new year.