Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (March 2022)
35 slides from Nova Minerals's investor presentation, Mar 23, 2022
Slide 1: Estelle Gold Trend Scoping Study & Update
E S T E L 23 March 2022 L E Estelle Gold Trend T Scoping Study & Update R E N ASX: NVA | OTCQB: NVAAF | FSE: QM3 D novaminerals.com.au
Slide 2: Disclaimer
Disclaimer The information contained in this confidential document (“Presentation”) has been prepared by subjective judgement, analysis and assumptions and each recipient should satisfy itself in relation to Nova Minerals Limited (the “Company”). It has not been fully verified and is subject to mate
Slide 3: Nova's vision to develop North America's next major gold trend
Korbel Nova’s vision is to 3.0 Moz Au Indicated 5.1 Moz Au Inferred develop North America’s next major gold trend. Located in Alaska’s prolific Tintina Gold Belt, the company’s flagship Estelle Project is a 35km long novaminerals.com.au corridor of 21 identified gold prospects, including 2 substanti
Slide 4: Flagship Asset Investments
Flagship Asset Investments Estelle Project (85% Owned) Korbel 9.6 million shares 3.0 Moz Au Indicated 5.1 Moz Au Inferred 53.81% owned NASDAQ:LITM 117.3 million shares 9.6 Moz Au Estimated Indicated and 8.76% owned1 ASX:TNR novaminerals.com.au Inferred Mineral Resource 1 Actual shares held increased
Slide 5: Board
Board Christopher Gerteisen Louie Simens Craig Bentley Avi Geller Executive Director / CEO Executive Director Non- Executive Director Non-Executive Director Mr. Christopher Gerteisen as General Louie Simens has been an Executive Craig Bentley is responsible for Avi Geller has extensive investment no
Slide 6: Corporate Snapshot
Corporate Snapshot Share price Market capitalisation Share distribution $0.70 $126.1m 4 March 2022 0.6% 52 week high $2.00, low $0.53 18 March 2022 18 March 2022 12.0% Shares on issue Current value of Snow Lake Lithium investment 1 180.2m 18 March 2022 $111.5m 18 March 2022 57.9% 29.5% novaminerals.
Slide 7: Estelle
Estelle Flagship FORT KNOX Project 2.4 Moz @ 0.3g/t GOLDEN SUMMIT LIVENGOOD 3.0 Moz @ 0.69g/t CANADA 13.8 Moz @ 0.6g/t POGO 6.9 Moz @ 9.4g/t ALASKA YUKON DUBLIN GULCH/EAGLE 3.9 Moz @ 0.63g/t NORTHWEST TINTINA GOLD PROVINCE TERRITORIES >220Moz Au documented endowment novaminerals.com.au CASINO LEGEND
Slide 8: Estelle Talkeetna
Estelle Talkeetna 150km northwest of Anchorage, Puntilla Alaska’s Skwentna major city Whiskey Bravo Winter Road Willow Wasilla Proposed gas line novaminerals.com.au (Donlin Gold) Beluga Anchorage 8
Slide 9: Estelle
Estelle Mt Estelle Batholith JORC Resource Estelle Mining Lease Mineral Prospects A prospective 5km major gold trend Korbel Shoeshine Korbel Main 3.0 Moz Au Indicated 5.1 Moz Au Inferred You Beauty Stoney Trundle RPM North RPM 1.5 Moz Au Inferred South N Blocks C&D Isabella Discovery Train novaminer
Slide 10: Estelle Resource Table
Estelle Resource Table Korbel Main Resource RPM Resource novaminerals.com.au Estelle Global Resource 10 ASX Announcement 23 December 2021
Slide 11: Korbel Main Deposit
Korbel Main Deposit 8.1 Moz Total Resource 3.0 Moz Indicated | 5.1 Moz Inferred Intrusion Related Gold System (IRGS) 3km of strike length remains wide open with huge upside. 2022 drill programs focused on increasing and proving up the resource novaminerals.com.au Numerous additional targets within t
Slide 12: Understanding the Scale of Korbel Main Alone
Understanding the Scale of Korbel Main Alone (A small part of the wider Korbel Valley area of interest - Slide 14) novaminerals.com.au 12
Slide 13: High Grade Feeder Zone Within Korbel Main Outlined
High Grade Feeder Zone Within Korbel Main Outlined (A small part of the wider Korbel Valley area of interest – Slide 14) novaminerals.com.au 13
Slide 14: Korbel Valley
Korbel Valley (Untapped area of interest outside of Korbel Main within the same valley) Korbel Main 8.1Moz Gold Resource and only just scratched the surface novaminerals.com.au 14
Slide 15: RPM North Deposit
RPM North Deposit 1.5 Moz Au Inferred Resource 132m @ 10.1g/t Broad zone of high-grade gold intersected in drilling at RPM of 400m @ 3.5g/t Au from surface Within this intersection were numerous higher-grade intervals including 287m at novaminerals.com.au 4.8g/t gold, 132m at 10.1g/t gold, 86m at 14
Slide 16: RPM Upside
RPM Upside Extensive Drill Program 5,000m infill drilling to prove up the 1.5 Moz resource to Indicated for inclusion in the Phase 2 Scoping Study to be delivered later this year Over 15,000m of step-out drilling to extend the strike by up to 1km to the west of the high-grade hole RPM-005 and substa
Slide 17: Growing Gold Resource
Growing Gold Resource Well on the way to becoming a world-class, tier-one, global gold producer 2022 We are only getting started! 2021 9.6 Moz Estimated JORC total 2021 6.2 Moz gold resource Resource from 2 of 21 2021 4.7 Moz prospects Drilling ongoing at 2020 3.3 Moz Korbel and RPM novaminerals.com
Slide 18: Korbel Main Phase 1 Scoping Study Summary
Korbel Main Phase 1 Scoping Study Summary ASX Announcements 28 February & 3 March 2022 and Appendix 1 Simple open pit truck and shovel Total gold produced 1,956,000 oz with 6 Mt pa centralised processing facility and operation = Low-Cost USD$879/oz 88% gold recovery infrastructure. Flotation, leach,
Slide 19: Estelle Gold Trend - Significant Potential Upside
Estelle Gold Trend Significant Potential Upside Scoping study showed the project’s overall economics is very sensitive to grade and the gold price Sensitivity to Gold Prices Sensitivity to Mine Grade NPV5% NPV5% Gold Price (USD/oz) Mine Grade (g/t) ($ USD Million) ($ USD Million) $1,650 $250M 0.40 $
Slide 20: Ore Sorting
Ore Sorting Discrete Korbel Main Veins Ore sorting test work on drill core demonstrates great potential for less processing and increased mine production at Korbel Main Ore sorting results show up to 10x uplift from 588kg sample Ore sorting test work programmes conducted by TOMRA in Sydney demonstra
Slide 21: Scoping Study Simplified Flow Sheet
Scoping Study Simplified Flow Sheet 95.4% Recovery novaminerals.com.au 92.4% Recovery 21 ASX Announcements 28 February 2022
Slide 22: Korbel Centralised Processing Facility (KCPF)
Korbel Centralised Processing Facility (KCPF) The Scoping Study provided a CAPEX figure for a Korbel Centralised Processing Facility which provides exceptional flexibility to schedule feed from numerous ore sources that will ultimately come online as we continue to develop the Estelle Gold Trend Inc
Slide 23: Estelle Gold Trend - Unlocked
Estelle Gold Trend - Unlocked To be included in Phase 2 Scoping Study. Watch this space! novaminerals.com.au 23
Slide 24: Estelle Gold Trend - Unlocked: Haul Studies
Estelle Gold Trend – Unlocked Haul Studies Ongoing – 4 Options being Investigated Dump Trucks Dual Powered Road Trains Slurry Pipeline 1. Winterized Pipe (Heat novaminerals.com.au Nova commissioned ABH Engineering Inc to prepare a preliminary trade-off analysis for the Traced) implementation of the
Slide 25: Estelle's Path to Production
Estelle’s Path to Production novaminerals.com.au 25
Slide 26: Our Strategy
Our Strategy Nova is accelerating its activity across the Estelle Gold Trend towards production with a Central Processing Facility at Korbel, anticipating mine construction circa 2025 and the first gold pour in 2026 Phase 1 Scoping Study - Completed (Study shows that Korbel Main is an economically v
Slide 27: Prospect Pipeline Train and Shoeshine
Prospect Pipeline Train and Shoeshine High grade reconnaissance rock samples include: 30.4g/t, 24.5g/t, 21.6g/t, 7.5g/t, 5.7g/t, 5.4g/t Korbel (Isabella, Sweet Jenny, Cathedral, Portage, NK, You Exploration mapping and sampling campaign Beauty, Blocks C&D) confirms another large IRGS exposed at surf
Slide 28: Estelle – The Carlin of the North
The Carlin Trend in Nevada USA is one of the Estelle – The Carlin of the North richest gold mining districts in the world having produced over 84 million ounces of gold since A Tale of Two Gold Trends the early 1960s, with a total resource endowment of 130 million + ounces of gold and still growing!
Slide 29: Year Round Operation
Year Round Operation Airstrip, Man camp and sample processing facility established 4,000 foot airstrip compliant for DC3 aircraft, with plans to expand to allow for larger capacity aircraft 80 man fully winterised camp On-site sample crushing and splitting preparation novaminerals.com.au laboratory
Slide 30: Winter Road Operations
Winter Road Operations 3 - 4 month season, weather dependant. Route well established from Willow to the Estelle site Up to 30,000 lb payload on each load Over 1 million lb’s of supplies and equipment brought in to the project this year This year we did 10 trips with 8-10 loads per trip on average No
Slide 31: 2022 Activities
2022 Activities RPM Phase 1 – Two rigs drilling 5,000m at the RPM North Deposit to prove the resource up to the higher confidence Indicated status for inclusion in the Phase 2 Scoping Study to be delivered later this year. RPM Phase 2 – Three rigs drilling 15,000m at the RPM North Deposit to extend
Slide 32: 2022 Activities (Cont)
2022 Activities (Cont) Mineral resource estimate updates, with the aim of increasing both the confidence and size of the resource Phase 2 Scoping Study which will include the RPM North mineral resource, with the anticipation of improving the overall project’s economics significantly Haulage studies
Slide 33: Consultants and Service Providers
Consultants and Service Providers novaminerals.com.au 33
Slide 34: Appendix 1
novaminerals.com.au 34 Appendix 1:
Slide 35: Thank you
Thank you Nova Minerals Limited Suite 602 566 St Kilda Road T: +61 3 9537 1238 Melbourne E: info@novaminerals.com.au Victoria 3004 W: www.novaminerals.com.au Australia novaminerals.com.au 35