Novo Resources Corp (ASX: $NVO) Lithium Exploration Update 2024

Novo Resources Corp (ASX: $NVO) is pleased to provide an update on the exploration activities and forward exploration program at the Quartz Hill Joint Venture in the Eastern Pilbara, Western Australia. The company's JV partner Liatam Mining Pty Ltd (Liatam) intends to spend approximately A$6 million during 2024 to progress lithium exploration at the Quartz Hill Joint Venture. The exploration to date has extended known lithium mineralisation at the Lepidolite Fields LCT pegmatite swarm target, with best results from surface sampling by Liatam. Additionally, a second LCT pegmatite swarm was identified at Quartz Hill West and The Gap.

Executive Commentary on Quartz Hill Joint Venture

Novo's Executive Co-Chairman and Acting CEO, Mike Spreadborough, expressed the company's satisfaction with Liatam's progress at the Quartz Hill Joint Venture. He highlighted the planned exploration spend of approximately A$6 million in 2024 and the identification of new lithium-bearing pegmatites at Quartz Hill. Spreadborough emphasized the validation of the area's potential and the company's commitment to delivering long-term shareholder value through exposure to future exploration and discovery success on battery metals projects via JV agreements.

Summary of Quartz Hill Joint Venture Update

Novo Resources Corp (ASX: $NVO) and its JV partner Liatam Mining Pty Ltd (Liatam) are progressing lithium exploration at the Quartz Hill Joint Venture, with plans to spend approximately A$6 million during 2024. The exploration activities have extended known lithium mineralisation at the Lepidolite Fields LCT pegmatite swarm target and identified a new LCT pegmatite swarm at Quartz Hill West and The Gap. The company looks forward to providing updates as exploration continues and remains committed to delivering long-term shareholder value through exposure to future exploration and discovery success on battery metals projects via JV agreements.