Novo Resources Corp is set to begin drilling programs at its Wyloo Antimony Project and several gold prospects in the Pilbara following a recent capital raise. The initial 2,500-metre RC drilling at Wyloo aims to test polymetallic veins and stratabound mineralisation, with further drilling planned at Cronus, Balla Balla, and Teichman projects.
- 2,500m RC drilling to start at Wyloo Antimony Project targeting polymetallic veins
- Additional 2,000m RC drilling planned at Cronus Gold Prospect along Titan Shear Zone
- 6,000m Aircore drilling scheduled at Balla Balla Gold Project to follow up anomalies
- Teichman Project drilling planned for Q3 2026 pending approvals
- Drilling programs follow completion of Tranche 1 of recent capital raising
Novo Resources Advances Pilbara Exploration
Following the completion of Tranche 1 of its capital raising in March 2026, Novo Resources Corp (ASX:NVO, TSX:NVO) has announced the imminent commencement of drilling programs across several of its Pilbara projects. The company plans to initiate a reverse circulation (RC) drill program at the Wyloo Antimony Project later this month, marking the first drilling at this historically undrilled target.
The Wyloo Antimony Project, located in the southern Pilbara within the Wyloo Dome, has shown promising results from regional stream sediment sampling in 2023, which highlighted significant antimony anomalies. Subsequent soil sampling and mapping have further refined these targets, revealing a strong multi-element soil anomaly with peak values including 142 ppm antimony and elevated levels of silver, arsenic, zinc, and lead. The initial drilling program will comprise approximately 2,500 metres of RC drilling aimed at testing the polymetallic vein system, mineralised structures, and potential stratabound mineralisation under shallow cover.
Gold Prospects at Cronus and Balla Balla
In addition to Wyloo, Novo plans to drill at the Cronus Gold Prospect, situated in the northern Pilbara along the Titan Shear Zone. This early-stage project has not previously been drill tested by Novo. The company intends to conduct around 2,000 metres of RC drilling across five fences to investigate structural features such as fault offsets and splays between the Titan East Prospect and the Weerianna deposit. Notably, Artemis Resources (ASX:ARV) has reported significant gold mineralisation at Titan East, which lies along the same shear zone.
At the Balla Balla Gold Project, also in the northern Pilbara, Novo will undertake a follow-up aircore drilling program totalling approximately 6,000 metres. This program aims to infill and extend previous anomalies identified along the Scholl Shear Zone at the Babbage and Ramquarry prospects. Earlier drilling in 2025 revealed anomalous gold, silver, and antimony geochemistry associated with hydrothermal alteration and quartz veining, suggesting potential for further mineralisation.
Teichman Project Drilling Pending Approvals
Looking ahead, Novo is preparing for drilling at the Teichman Project within the Egina Gold Camp, a joint venture area where Novo holds a 70% interest. Exploration activities in late 2025 identified multiple shear-hosted gold targets following mapping and surface sampling. Heritage surveys are planned to facilitate RC drilling scheduled for the third quarter of 2026, subject to receiving all necessary approvals.
Executive Co-Chairman and Acting CEO Mike Spreadborough highlighted the significance of these programs, noting the compelling nature of the Wyloo antimony targets and the untested gold prospects at Cronus and Balla Balla. These drilling initiatives follow Novo’s recent capital raising efforts, which provide funding to advance exploration across its portfolio. This capital raise was detailed in the company’s recent strategic $5.9 million capital raise announcement, underpinning the planned work programs.
All drilling programs are designed to test geological and geochemical anomalies identified through previous sampling and mapping campaigns, with the potential to expand Novo’s resource base in the Pilbara region. The company has secured fuel supplies for the Wyloo drilling and completed heritage surveys to ensure compliance and access.
Results from these drilling campaigns are pending, and as with all exploration activities, outcomes remain subject to operational and geological uncertainties. Novo continues to advance its broader exploration strategy, which includes joint ventures with Northern Star Resources Limited (ASX:NST) and SQM, as well as projects in New South Wales and Victoria.
Bottom Line?
Novo’s upcoming drilling programs mark a key step in testing promising antimony and gold targets in the Pilbara, with results expected to clarify the potential of these early-stage projects.
Questions in the middle?
- How will assay results from the Wyloo drilling influence Novo’s exploration strategy in the Pilbara?
- What impact might the completion of the capital raising have on funding further exploration activities?
- How will regulatory approvals affect the timing and scope of drilling at the Teichman Project?