Novo Resources Corporation Limited (ASX:NVO)

Exploration Focussed - Discovery Driven

About Us

Novo Resources Corporation is a gold explorer with one of the largest prospective gold and battery metals land packages in the Pilbara, a premier exploration and mining region located in Western Australia

Company Overview

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 within 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.

Board & Management

Michael Spreadborough

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.

Dr. Quinton Hennigh

Dr. Quinton Hennigh

Non Executive Co-Chairman

Dr Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  Dr Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold deposit.  In 2010 he helped start Novo Resources and began assembling its Australian exploration portfolio, where he holds the position of President and Co-Chairman.

Dr Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.

Michael Barrett

Michael Barrett

Lead Independent Director & Audit Committee Chair

Mr Barrett is a chartered accountant with over 28 years’ experience and is a highly regarded former CFO with extensive board-level strategic experience, combined with hands-on operational experience and deep international capital market experience. During the period of 2004 – 2015 Mr Barret was based in the United States as a CFO of Rio Tinto’s energy coal business and led its listing on the NYSE in 2009. Most recently, he was National Lead Partner for Deloitte’s energy and resources risk advisory practice, before establishing his own consulting business.

Ross Hamilton

Ross Hamilton

Independent Director & Sustainability Committee Chair

Mr Hamilton has over 20 years of international experience in sustainability, environmental stewardship, climate change, community engagement, indigenous affairs and stakeholder relations within the mining, metals and large infrastructure sectors. Mr Hamilton is the Founder and Director of an environmental, social and corporate governance focused advisory firm and serves as an expert advisor to the International Finance Corporation and the UN Global Compact. He previously served as a Director at the International Council on Mining and Metals based in London, UK, and in several leadership roles at BHP in Western Australia.

Mr Hamilton holds a Bachelor of Science (First Class Honours) degree from Monash University and a Master’s degree in Sustainability Management from Curtin University.

Amy Jo Stefonick

Amy Jo Stefonick

Independent Director & Nomination and Compensation Committee Chair

Ms Stefonick has nearly 20 years of experience as a corporate and securities attorney across multiple industries where she advises public companies and their boards of directors on multi-jurisdictional corporate governance matters, U.S. securities laws and complex M&A transactions. Ms Stefonick is currently engaged as a senior legal talent for Axiom Global Inc., a global leader in high-caliber, on-demand legal talent, where she is serving as a Senior Corporate and Securities Counsel for two Nasdaq-listed biotechnology firms, advising on complex corporate and securities matters. Previously, she served as assistant vice president and senior corporate counsel for Janus Henderson Group plc, a global asset management firm headquartered in London and dual-listed on the NYSE and ASX, and was corporate secretary and corporate counsel for Cloud Peak Energy Inc., a coal mining company listed on the NYSE with operations in Wyoming and Montana. 

Ms Stefonick holds a Bachelor of Arts degree from Jamestown College (now University of Jamestown) and received her Law Degree from the University of Denver College of Law.

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