Episode Details

Novo Resources Corp executive chairman Mike Spreadborough talked with Proactive about the company’s planned 2,700-metre reverse circulation drilling program at the Tibooburra Gold Project in New South Wales. Spreadborough was joined by general manager of exploration Rohan Williams to outline the objectives of the campaign, which is expected to begin late in the September quarter of 2026, subject to regulatory and landholder approvals. The program is planned to include approximately 1,700 metres of drilling at the Clone prospect and 1,000 metres at Pioneer South. At Clone, Novo Resources Corp aims to extend high-grade gold mineralisation identified during its previous drilling campaign. Earlier results cited in the interview included 12 metres at 5.9 grams per tonne gold, 17 metres at 2.4 grams per tonne and four metres at 13.7 grams per tonne. Williams said the mineralised system appeared to plunge shallowly to the north beneath a creek. He explained that the company’s objective was to follow the structure and “replicate these high-grade intercepts that we received last year and track it down plunge.” The campaign represents the second stage of Novo Resources Corp’s farm-in and joint venture arrangement with Manhattan Gold Corporation Ltd and its subsidiary, Awati Resources Pty Ltd. Completion of the program is expected to allow Novo Resources Corp to earn a 70% interest in the project and become manager of the joint venture. The company also plans further soil sampling across the wider 22-kilometre system to improve its understanding of the source and scale of the gold mineralisation. Visit Proactive’s YouTube channel for more company interviews and market updates. Give the video a like, subscribe to the channel and enable notifications for future content.