Slide 1: Estelle Gold Project Technical Presentation
For personal use only Estelle Gold Project Technical Presentation September 19, 2019
Slide 2: Estelle Gold Project Location
Estelle Gold Project Loca0on For personal use only Loca/on: 185 km northeast of Anchorage 15 km -‐ Whiskey Bravo Airstrip 15 km -‐ proposed Donlin Pipeline Access: Aircra@: Anchorage to Whiskey Bravo Helicopter: Whiskey Bravo to Property Winter Road Access Available Climate: Summer Temp = 50 to 30
Slide 3: Regional Setting: The Tintina Gold Belt
Regional Se7ng: The Tin0na Gold Belt For personal use only Loca/on is Key • The Estelle property is located within the Tin>na Gold Belt (TGB) of the Northern Cordillera. • More than 200 million ounces of hard gold resources have been documented within the belt during the last decade alone. • Untold
Slide 4: The Estelle Gold Property
The Estelle Gold Property For personal use only Size: 186 State mining claims 29,280 acres 11,849 hectares 118.5 km2 Ownership Nova earning up to 85% Geology IRGS deposit type targets Estelle plutonic complex Cretaceous age mul>phase intrusion Poten/al Oxide deposit Inferred Resource 181.29 mt @ 0.4
Slide 5: The Estelle Gold Property: Multiple Gold Targets
The Estelle Gold Property For personal use only Property Wide Mul/ple Gold Targets “there is gold in them thar hills” • Satellite image of the Estelle gold property illustra>ng the distribu>on of mul>ple gold prospects on the Estelle property • Compila>on and Target assessment are ongoing “Re-‐assa
Slide 6: The Estelle Intrusion Related IRGS Deposit Model
The Estelle Intrusion Related IRGS Deposit Model For personal use only Oxide Deposit Model Nova’s Oxide deposit is a classic Intrusion Related Gold System (IRGS) type deposit. Economic IRGS type deposits such as Fort Knox and Eagle are low grade mul>-‐million-‐ounce open pit mines occurring in the
Slide 7: Deposit Types: Examples
Deposit Types: Examples Oxide Deposit Mineraliza/on Style For personal use only The mineraliza>on is characterized by a conjugate sets of sub–cen>meter scale, commonly sheeted quartz veins. These gold-‐bearing, veins are mineralized with arsenopyrite, pyrite and pyrrho>te and the host intrusive roc
Slide 8: Vein Types: Mineralogy and Paragenesis
Vein Types: Mineralogy and Paragenesis Oxide Deposit Vein Types, Mineralogy and Mineralogy For personal use only Flagg (2014) characterized the morphology, cross-‐cuing rela>onships, vein paragenesis, and mineralogy of the veins and Temperature iden>fied those minerals associated with gold mineraliz
Slide 9: Oxide Deposit Geology
Oxide Deposit Geology The Star/ng Point For personal use only Nova recognized the significance of the project early and in just 1.5 years with minimal budgets established a 2.5Moz Inferred Gold Resource as follows; Geological map of the Oxide deposit area showing: • Historical (2011/2012) cored drill
Slide 10: Ground Magnetometer Survey
Ground Magnetometer Survey Magnetometer Survey For personal use only In 2019 Nova completed a ground magnetometer survey over the Oxide deposit target area to guide the drilling. • In general, the magne>cs response is subtle with a gradient of only 150 nT in the Oxide target area • These data highli
Slide 11: Ground Resistivity Survey
Ground Resis0vity Survey Resis/vity Survey For personal use only • The Resis>vity survey once again highlighted the significance of the “Valley Fault” • The data also defined 2 dis>nct geological domains to the north and south of the Valley Fault “The Resis8vity highlighted the Valley Fault and also d
Slide 12: Ground IP/Chargeability Survey
Ground IP/Chargeability Survey IP/Chargeability Survey For personal use only • The Chargeability survey data was used to iden>fy areas which may have increased concentra>ons of sulfide minerals. • In the Oxide target area 4 dis>nct anomalies were delineated by the survey. • Targets A and B had broad
Slide 13: 2019 Drilling Targets
2019 Drilling Targets 2019 Drilling Program For personal use only • Using the available data, Nova iden>fied 4 high priority Targets A, B, C and D. • Nova completed 18 Reverse Circula>on (RC) holes (1,367 m) tes>ng Targets A and B. • Nova also re-‐sampled 3 intact, historical cored drill holes “Data
Slide 14: Oxide Deposit Inferred Resource Estimate
Oxide Deposit Inferred Resource Es0mate Inferred Resource Model For personal use only Cut-‐off Au g/t Tonnes Grade Au g/t Gold Ounces 0.00 311,501,760 0.286 2,864,338 0.05 275,556,930 0.320 2,835,039 0.10 225,538,080 0.374 2,711,997 0.15 205,188,840 0.398 2,625,636 0.18 181,291,950 0.429 2,500,538 0
Slide 15: Oxide Deposit 3D Geophysical Modeling
Oxide Deposit 3D Geophysical Modeling 2.1 km Magne/cs The Magne>cs survey delineated three deep-‐seated For personal use only 1.5 km Magne>c anomalies which may reflect altera>on or different intrusive phases. Although subtle, the varia>ons in the magne>c response was used to iden>fy several fault st
Slide 16: Oxide Deposit Area Interpretation
Oxide Deposit Area Interpreta0on 2.1 km Resource The Bigger Picture For personal use only 1.5 km Blocks Interpre>ve3D representa>on of the Oxide deposit area illustra>ng topography and the Resource model enveloped by the Chargeability anomaly. Faults have been added to the model. Note Targets C and
Slide 17: Future Plans and Objectives
Future Plans and Objec0ves Where Nova Is Today – and we are only gecng started! For personal use only Nova’s explora>on success in just 1.5 years has catapulted the Oxide deposit onto the exclusive list of mineral deposits with resources exceeding 1 Million Ounces gold situated within the Tin>na Gol
Slide 18: Future Strategy and Objectives
Future Strategy and Objec0ves For personal use only Where Nova Is Going Nova is currently permiing its next phase of explora>on which is expected to include: • Up to 25,000 m of core drilling focused on expanding Resource Blocks A and B, and ini>al drill tes>ng of Targets C and D in the Oxide deposi
Slide 19: Estelle Gold Project
For personal use only Estelle Gold Project For More Informa/on contact: Email: info@novaminerals.com.au
Slide 20: Disclaimer and Forward Looking Statement
Disclaimer and Forward Looking Statement The informa>on contained in this confiden>al document (“Presenta>on”) has been prepared by Nova Minerals Limited (the “Company”). It has not For personal use only been fully verified and is subject to material upda>ng, revision and further amendment. While the
Slide 21: Appendix: Supplementary Data
Appendix 1 For personal use only Supplementary Data Estelle Gold Project Alaska 21
Slide 22: Directors and Management
Directors and Management Avi Kimelman Louie Simens Execu(ve Chairman & CEO For personal use only Execu(ve Director Avi Kimelman is the managing director and founder of Louie Simens a decade of experience in micro-‐cap equi>es and start-‐ Carraway Corporate, a corporate advisory business. Avi has u
Slide 23: Management
Management Dale Schultz Michael Melamed Technical Lead / Chief Geologist CFO For personal use only Dale Schultz has over 30 years of experience in the mining and Michael is a chartered accountant who has worked in top >er explora>on industry in North and South America. He has a accoun>ng firms and ba
Slide 24: RPM Prospect
RPM Prospect RPM Prospect For personal use only Historical diamond drill hole SE12-‐008 From (m) To (m) Grade g/t Width SE12-‐008 completed in 2012 was re-‐sampled by Nova as part Intersec>on 4.27 180.78 0.79 177.39 of the 2019 field program. In Includes 26.00 146.40 1.02 120.40 the 2020 field seas
Slide 25: Mine Comparisons
Mine Comparisons For personal use only Producing Gold Mine Tonnage and Grade Comparison Resource Moz Annual Cash Cost Deposit Country Grade g/t Au Cut-‐Off Mt Au Produc/on (Koz) (USD) Fort Knox Alaska, USA 219 0.33 2.3 0.10 255 837 Eagle (DG) Yukon, Canada 198 0.61 3.9 0.15 200 638 Marigold Nevada,
Slide 26: Successful Gold Mining
Successful Gold Mining For personal use only Successful gold mining starts with orebody quality “Mark Bristow” Grade is king? but when you add in Total Tonnes Moved – It paints a different story! g/t Waste % g/t Head Waste Total to total Recovered Material Operator Project Ore Tonnes grade Tonnes Ton