Novo Resources Corp. CHESS Depositary Interests

Novo Resources Corp. CHESS Depositary Interests represent beneficial ownership in the common shares of Novo Resources Corp., a company engaged in the exploration of gold and related mineral resources. These depositary interests are issued so that investors can hold and trade exposure to Novo’s shares within the Australian financial system, as each CHESS Depositary Interest corresponds to one underlying common share of Novo Resources Corp. The depositary interest structure, commonly used for international companies seeking Australian capital, allows Novo to access a broader investor base while enabling local investors to transact in Australian dollars and participate in the regulatory framework of the Australian market. Novo Resources Corp. is notable for its extensive gold exploration portfolio, spanning approximately 10,500 square kilometers in prominent mining regions such as the Pilbara in Western Australia and Bendigo in Victoria. The company focuses primarily on the identification and development of standalone gold and copper projects, and holds significance in the Australian materials sector as a junior explorer contributing to mineral resource development and regional economic activity. The CHESS Depositary Interests facilitate seamless clearance and settlement through the Australian CHESS system, integrating cross-border capital flows and supporting the liquidity of Novo’s securities for Australian investors.