Kas, hello. Now, we had to drag this person literally back from her happy places out in the, in the field, in the Pilbara, New South Wales, all over the place. But she's back to tell us about Novo Resources. So Novo Resources, if you've been following them, you know that they are exploration-focused, they are certainly discovery driven, and there's some really cool news from them. A big drilling plans between April and is it September, you said, Kas? Up in the Pilbara.
Yeah.
April and September up in the Pilbara, so it'll be interesting to hear the story. Please make Kas welcome to tell us about Novo Resources.
Thanks very much, Chrissy. Tack that down a little bit. Okay, so 10-15 minutes isn't a long time to cover all of our projects, so I'll really be focusing on what we're gonna do in the first half of the year. But I'll give you a general introduction as well. Please read our cautionary statement on the web. That would be useful. Okay, so as an introduction, we are a greenfields explorer, but we do have a pipeline of targets and projects from really basic greenfields all the way up through to advanced exploration, and obviously, we try and grow that as a junior explorer. And really interesting to follow on from the S&P chat, because we don't see that much money being put into junior exploration anymore.
Much more, I think, on brownfields, but, you know, we can argue about that over coffee. So today, we do like to think of ourselves as quite a leading explorer. We do have large project areas still in the Pilbara and at Onslow, where we're developing a new district-scale targeting province. We do have good support from strategic investments and from our board, and I'm gonna talk to you about all these additional things that we have on the slide here. So this is really just our intro. Spatially, this is what we look like. Our Pilbara work has obviously morphed over the last seven or eight years. We've been pretty much self-funded, which not many explorationists can actually say. I'm going to talk to you now about several of these things that are highlighted in red.
But just to also mention that our new projects from early last year, end of 2024, at John Bull and at Tibooburra in New South Wales, we brought these into the pipeline as advanced exploration targets, and we're drill-ready at both of them. It's really just a matter of when we get to them. And at the Onslow District areas at Toolunga, these things are... We've got over 1,500 sq km here, so we're very careful about where we spend our money. These tenements need to all be granted, and we've already, you know, designed targets for field checking and field truthing as soon as they get granted. Oh, that didn't work. Yeah. The pipeline, you can see we're stacked at the greenfields side of the pipeline in the Pilbara.
As you can see in the orangey color, this is where we brought in the more advanced stage programs. They've all been drilled before, they've all got good historical results, and they're all unloved projects, so we like those a lot. The one thing that we have advanced substantially, just recently, is our Belltopper Gold Project in Victoria, and I can hear lots of people sigh when I say Victoria, but Victoria is actually—I think is turning around. There are things that are actually happening now. Agnico is going flat chat at Fosterville. The Sunday Creek project's going ahead, underground tunnels. It looks, starting to look really good. So, we've actually been working on that just in the background, and I'll talk to you a little bit more about that shortly.
Of course, there's the advanced, what we call advanced greenfields project, with a joint venture and a farm-in agreement, originally with De Grey, now with Northern Star. I'll talk to you about that, too. You know, obviously, we want to move these things up the pipeline to get to an advanced resource and a drill out, and we're cashed up and ready to do that. Let's start with Victoria. This is our Belltopper project. It's kind of chalk and cheese between 22 sq km of ground in Victoria and 4,500 sq km in the Pilbara. We really like Belltopper. We've been working on the project for nearly six years now, and it's 100% owned now by Novo. Clearly, it's in, you know, it's in elephant country.
It's in the Bendigo Tectonic Zone, where over 60 million ounces of gold's been produced. We've just released a new and updated exploration target, and please read all the compliance obviously. We've put out a news release on the 11th of February, explaining all the metrics and, how we calculated all of this, and how we developed the targeting. The numbers are actually all derived from a series of really high-grade reefs that have been mined historically in the past. This just shows an idea of, on the right-hand side... Your right-hand side? Yes, on the right-hand side, the reef systems themselves. There's obviously a lot of historical workings, so we've gone and, in the last couple of years, produced 3D models, accurate models, of all of the historical workings. We've mapped everything on the ground.
We've actually walked, and I say that, you know, with a smile, because some of my geos have actually walked some of these targets over a 2 km strike length. So we know the grades in them on surface are good. We know they're continuous. We know historically they were mined at over an ounce, and we have been pretty conservative in just adding eight reefs to this whole system. So watch this space. We're gonna be doing more work on the Victorian side of things pretty soon. We're trying to We're developing diamond drilling targets now, so we're trying to get there by the second half of the year. Things in terms of compliance do move a bit slow in Victoria, and unfortunately, I think that's happening right across Australia right now. Okay, let's move across to the Pilbara.
Lots of things to point out here. First of all, the scale bar on the bottom right-hand corner is 50 km, so you can see the scope of this area. We've got ground all the way from virtually Port Hedland right across to Karratha in the Pilbara itself, down to the south at Wyloo as well, just outboard of Paulsens. We've got a couple of tenements, but they are large tenements, and the Toolunga ground, as I said, is our new district scale, targeting at out of Onslow. I'm gonna really talk mostly about three or four of these targets. We'll be talking about Balla Balla, right up there in the north. I've got a brief slide that just explains a little bit more about the joint venture with Northern Star.
and then also the Teichman area, which is the first time we've been able to access the northern part of what we call the Egina Gold Camp, which is a joint venture with Mark Creasy's group. We're also gonna come down to the south and look at Wyloo Southeast, which is one of our original antimony targets, which we've done more work on. We have released about this on the last couple of weeks as well, but I've just got a brief update for you now. This is what the joint venture look like, looks like with Northern Star. The joint ground together forms almost 2,500 sq km in the Mallina Basin.
We think it's highly prospective, both for the intrusion-related sort of targets that we know and love at Hemi, but also the Withnell-type targets, which are more sediment-hosted, orogenic gold systems, and I think, you know, this, it's just a matter of time before more targets are tested. It's been a little slow, with the takeover between, Northern Star and De Grey, but the targets are there, and hopefully they'll be drilled later in the year. Oh, I should have gone back there. So you can see the, in the yellow banner there at the bottom, Teichman. That's the next area we're going to talk about. It is in a reserve called the Yandeyarra Reserve, which has been difficult to access in the past, but last year, we finally got access in there.
We've got a great relationship with the traditional owners and the Mugarinya who run the station there. The guys actually stayed at the Yandeyarra community when they were out there, and we had monitors coming with us to just, you know, keep an eye on things. Moving across to Teichman. We, we like the Egina Gold Camp, which we named this colloquially three or four years ago. It's an 80 km strike length corridor. We know it's fertile. We know that it's based on some shears, such as the Tabba Tabba and further north, the Wohler Shear . They are all fertile. They're part of a complex, fertile architecture up in the Pilbara.
As I said, it's a joint venture with the Creasy Group, and we did manage to get approval to go and do some basic work there late last year with spectacular results. I mean, we've picked up some nice, simple geology. It's easy to understand. There's nothing overcomplicated, and I say that after trying to understand what our geos have done at Belltopper, which is a very complex system. This is nice. It's simple. There are fantastic grades, over three ounces of gold, and, you know, there's a flavor of copper and silver in the Northern Pride Trend as well. These trends run over 1 km each. They trend undercover as well to the south, where the Fortescue onlaps onto the basement, and you can see that last number there at Mountain Maid of over 30 g.
You know, clearly, the thing trends undercover. It, it's not cut off by the cover sequence, and we plan to be RC drilling there later in H2. Just flipping up now to the northern part of the system at Balla. This is one of our more conceptual targets. We always liked the Sholl Shear . We know it's fertile for copper and gold back in the Karratha district, and we had the opportunity a few years ago to peg quite a large area of this in our own name.
Once the tenements were granted, we did a bit of work, and we did drop some of them, but we like these areas now, and the scout aircore drilling that we did last year came up with some significant alteration at Ram Quarry and low-level gold, but there's certainly gold and, you know, with additional things like bismuth, antimony, silver. So we really like the system. We think we're near something big, and we're gonna do infill drilling there this year, early this year. My favorite really at the moment is the Wyloo project. This is a new find for us. We basically developed this during some regional reconnaissance-style work back in 2023, and since then, we've done three or four programs as we've had access become available.
We've got two prospects there at Wyloo Southwest and Southeast. You can see all the pink, high-level antimony numbers obviously. We've got great numbers in the rock chip samples, and we're gonna follow up on Wyloo Southwest in a reconnaissance sort of stage this year. Wyloo Southeast is the most interesting one at the moment. We've got a vein array system with really significant high-grade numbers in antimony, silver, some gold, and there's a copper lead zinc flavor, so we really need to drill it to understand it better. Maiden drilling is planned for the sort of April, Q2, April period in Q2, and we've already got a heritage clearance done, survey planned for March, so that should all be absolutely on key.
So just stepping back, this is what we're doing. Focusing on the Pilbara in quarter two, then moving across hopefully to Teichman in the middle of the year, and then back to the Pilbara as well towards the end of the year. At the same time, we hope to be able to get out to Tibooburra and/or John Bull. The Belltopper Gold Project is gonna have diamond drilling planned and moved along probably for the better part of the latter half of the year, and maybe even into 2027 to support that exploration target. Just, we're losing out of time, just a quick note on the company. It's, we have around a 30 million, sorry, a 50 million dollar market cap at the moment. We've got a really good, strong, supporting shareholder group.
You can see the board and, myself and Elza on the right-hand side there, and we've also got cash in the bank, around AUD 8 million at the end of December, I think that was. Plus some, a portfolio that we can actually call on, which I kind of think of as a war chest for when I wanna do a drill out. And this is really the summary slide. You can read it, but basically what it's saying is, we've got a great team, we've got developed programs on projects that we've designed and pushed forwards over the last five years. This is the crème de la crème of our prospects.
We're gonna bring a stronger and more diversified portfolio along as we do this work, and we've got a great team to work on them, support in terms of cash in the bank and also funds to call on, and we just wanna get out there and start drilling. That's it. Thank you!