Well, good afternoon, everyone. This is going to be very different. We are unashamedly a greenfields explorer. When you wake up in the morning and you see our share price shoot up because of a discovery, it's too late. Right? We are so greenfields, you're going to hear about rock chips, early stage work. There's no kind of flagship project. We rotate our projects as we do disciplined exploration, look for projects. If we don't like it, we move on after a bit of drilling. We're really down at that very early stage. The other thing that's unique with us, we are actually dual listed, TSX and ASX listed. Even though as a junior, we see good liquidity on both sides of the market. This is only a snapshot.
Please go to our website and see everything else and all the detail, and particularly all the ASX disclaimers that we need to do. As I said, we are very much a greenfields explorer focused here in Australia. Really, gold and copper is our favor, but because of that, we do pick up some antimony and silver, which we'll talk about. We're quite well funded. Market cap's around AUD 26 million, moves up to AUD 45 million. We've got about AUD 10 million cash. We got an incredible investment portfolio, which is worth about AUD 20 million. Despite what people think, it's liquid. We can divest our investment portfolio within 12 weeks if we need to. We see it as a liquid investment. We're continually looking for projects. That's important to us, given our portfolio. We're going to talk about Belltopper, high-grade reef system in Victoria.
We're going to quickly talk about the Pilbara, which is really our engine house of greenfields exploration. We're going to talk about Toolunga out in the Onslow, which is very early stage, but a huge three beautiful targets. As I said, we're greenfields. This is the end of the pipeline. Again, Toolunga, TechGen and Balla Balla, they're all super greenfields. People haven't been there before. We've done the early stage exploration, rock chips, mapping, and slowly building up. They sit at the left-hand side of the map. We've got a great position called the Egina Gold Project around the Hemi Gold Project, and we'll quickly cover that. Importantly, Wyloo, we did an announcement today. Early stage, we've moved beyond rock chips, mapping. We've done our first drilling, confirmed hydrothermal systems, and we'll quickly cover that.
We've got a project in Tibooburra, which is a farm-in joint venture with Manhattan Corporation, and we've also got our Belltopper project in Victoria. As I said, we're always out there looking for new projects to add to our portfolio. There we are, spread across Australia. I'm only going to cover the ones in red quickly today. We don't have much time to cover all the other ones. Drilling programs, we're aggressive drillers. We've drilled all the way up until the middle of this year. Got a bit of a hiatus, but you'll see us back drilling in September all the way through to Christmas. Drilling is the only way that you can really proof test all of our theories and concepts. Here's Belltopper, near Castlemaine. Importantly, look at all the mines surrounded by Fosterville, Kaiser, Sunday Creek. It's in really good real estate.
We've done a lot of drilling since 2022, and we've slowly built the system up. Picture 8 multi-reef system, all high grade, great reef continuity, grade variability that we need to confirm with more drilling. But it's a very clear system that's had historical gold production, it's pretty exciting. You can see the Leven Star. Keep an eye on that. We'll come back to that in a minute. Here's an underground picture, historical workings. But look at these red boxes. Really high-grade numbers that you see throughout there. 13 grams, 2.5 grams on some of the good intersections, 15 grams on some of the other ones. It's a high-grade reef system. We know it very well now in terms of continuity.
You can see from the work that we've done on historical mapping, that we can pick up a good understanding of the whole system. Exploration target, 880,000 ounces. That's our exploration target. It's not a resource, but it's an indication of our potential, where we think that reef system, as much as we know it now, can deliver if we put the funding and the energy into it. That's a pretty exciting number. Good grades, 8.9. That's about 3 million tonnes at the upper end. I said focus on Leven Star. We've done enough drilling work that we've recently published the mineral resource, 87,000 ounces. Doesn't sound much, but that's only 44 holes from the surface, and it's only one of the 8 reef systems. If we do more, we slowly build out, hopefully, the exploration target. Don't discount 87,000 ounces.
It's actually an important stepping stone all the way through, and you'll see us go drilling later in the year to start doing that. Let's pivot over to the Pilbara. This is Wyloo. Some interesting names kind of in the vicinity. Paulsens Gold Mine, a lot of people would know that, high-grade gold. Down the left-hand side is Black Cats, Mt Clement, which is antimony. This is normal Novo DNA. People jumping out of helicopters, mapping, sampling, building the picture up. We announced really good rock chip samples last year. Really high-grade numbers. You can see there, silver, copper, antimony, gold, and zinc and lead. Really good, strong numbers. Defined the system from the surface as much as we can, and we've now gone drilling with a maiden RC program. We made that announcement today. Out there, we drilled 2,600 meters of drilling.
Enough now that we can start to contour, really understand the system. But importantly, we now appreciate that this is a hydrothermal system, that will drive our exploration going forwards. This is classic Novo. This is early stage. First phase drilling, we'll go back and do second phase drilling. Maybe that'll lead to third phase drilling, and then we build the picture up for a discovery. There's not a processing plant other than Paulsens anywhere near that, and that's exactly what we like. Standalone projects that we can build the system up. I said we'd come back to Egina. Hopefully, everyone knows Hemi, now owned by Northern Star, 11 million ounces. We've had a very large land package south of Hemi. We joint ventured it with De Grey. Northern Star picked that up, and recently, Northern Star handed the joint venture back to us.
That sounds like a loss. To us, someone else has given us CAD 10 million cash and CAD 8 million in exploration in the ground. It's a big winner for Novo shareholders. We'll get on the ground to review this and keep pushing it forwards. Just to kind of round out our story, Toolunga, early stage, very few pieces of work done in the past. Three massive geophysical targets that we like. We'll build up the story again on access, and you'll see us go drilling early next year.
No one has been here before other than WMC, who drilled some great copper intersections of 0.3% and walked away. This is Novo. We're really focused on greenfields. We're well cashed up. As I said, we're the stock the next day you're disappointed that you didn't invest in. Get on the website, see the detail, and thank you very much.