Episode Details

Novo Resources Corp Executive Co-Chairman Mike Spreadborough and Kas De Luca, the company's Exploration General Manager Kas De Luca joined Steve Darling from Proactive to discuss the company’s latest exploration target update at its Belltopper gold project in Victoria, highlighting a significant upgrade to the project’s potential and outlining plans for renewed drilling in 2026. The Belltopper project is located approximately 60 kilometres south of Agnico Eagle’s Fosterville gold mine and lies within the highly prospective Bendigo Tectonic Zone, one of Victoria’s most prolific gold-producing regions. De Luca explained that Novo has undertaken an extensive integration of historical datasets, including legacy underground workings, into a comprehensive and detailed 3D geological model to better inform its exploration strategy. “We’ve captured it all in a really good 3D model, so it really speaks to both the geology and the mineralisation,” De Luca said, noting that the model has significantly improved the company’s understanding of the controls on gold mineralisation at Belltopper. As a result of this work, Novo has now defined eight prospective quartz reef systems across the project area, with several reefs extending up to two kilometres along strike at surface. The updated 2026 exploration target outlines a high-case scenario of up to 880,000 ounces of gold at an average grade of 8.9 grams per tonne, representing a 48% increase compared with the previous exploration model. Spreadborough said the upgraded exploration target and improved geological confidence have positioned the company to advance the project toward the next phase. Novo is now seeking the necessary approvals and is planning to recommence drilling in the third quarter of 2026. “We’re planning to go back drilling starting in July and continue through the rest of the year,” Spreadborough said, adding that the upcoming program is designed to test the most prospective reefs identified by the updated model and further unlock the project’s discovery potential. #proactiveinvestors #novoresources #asx #nvo #tsx #nvo #otcqb #nsrpf #NovoResources #BelltopperProject #VictoriaGold #GoldExploration #BendigoTectonicZone #QuartzReef #3DGeology #MiningExploration #Drilling2026 #GoldMineralisation #HighGradeGold #ResourceUpgrade #PreciousMetals #AustralianMining #FutureMines