Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (May 2024)
65 slides from Nova Minerals's investor presentation, May 2024
Slide 1: Estelle Gold Project
Estelle Gold Project Developing North America’s next major gold trend in Alaska US Corporate Presentation 79 51 May 2024 ASX: NVA | OTCQB: NVAAF | FSE: QM3 www.novaminerals.com.au Au Sb 47 Ag 29 Cu CM Critical Gold Antimony Silver Copper Minerals
Slide 2: Disclaimers
Disclaimers Forward Looking Statements All statements in this presentation, other than those relating to historical facts, are “forward-looking statements.” These forward-looking statements may include, but are not limited to, statements relating to our objectives, plans, and strategies; statements
Slide 3: Nova at a Glance....In Just 5 years
Nova at a Glance....In Just 5 years Gold and Critical Minerals Asset in Alaska with Significant Upside (85% Owned) Jurisdiction Multiple Resources • Alaska, USA • Large IRGS deposits • State of Alaska mining claims, • 5.2 Moz Au (Nova’s 85% interest 4.4 Moz Au) streamlined permitting process Korbel
Slide 4: Tintina Gold Province
CANADA Tintina Gold Province >220Moz Au documented endowment Tintina Fault POWERED BY VRIFY
Slide 5: Tintina Gold Province deposits and peers
TH LVENGOOD KINROSS aS 13.8 Moz @ 0.6g/t Au FORT KNOX FREEGOLD VENTURES a Se hoe @0.3g/t Au GOLDEN SUMMIT NORTHERN STAR it 3.0 Moz @ 0.59 g/t Au POGO 6.9 Moz @ 9.4g/t Au VICTORIA GOLD DUBLIN GULCH/EAGLE DONLIN GOLD 4,7 Moz @ 0.6 git Au DONLIN CREEK 39 Moz @ 2.2 g/t A RN COPPER & GOLD CASINO 21.0 Moz
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Slide 7: District scale project with potentially decades of mine life
Deter scale Project with potentially decades of thine life across multiple resource centres ? VI All located on State of Alaska lands my 5 L£stelle Gold Project 35 kim Long Mineralized Corridor bin t 4 VRIFY = avane “6
Slide 8: 5.2 Moz Au S-K 1300 across 4 large IRGS deposits
5.2 Moz Au (Nova's 85% interest 4.4 Moz Au) S-K 1300 across 4 large IRGS deposits, all from surface» ‘Suitable for open pit truck and shovel mining methods and conventional processing ys 3 —— —__—_—__— — POWERED BY ‘ : e Baipy Y :
Slide 9: 20+ other prospects advancing at different stages
Estelle Gold Project 20+ other prospects advancing at different stages Many prospects have high-grade gold conincident with high-grade antimony, copper and silver Cage | AW \\, . ‘ ~ f°
Slide 10: Revelation
AY} Revelation
Slide 11: Train
Train _ Shi dow 1) é ii Ste RPM Shoeshine — : Muddy Gigebvery s RPM North ¢ RPM South ~ RPM and Train re resource — in the South to? i... a
Slide 12: RPM North - 0.78 Moz @ 0.9 g/t Au
RPM North - 0.78 Moz @ 0.9 g/t Au* ~~ M&l - 0.33 Moz @ 2.4 g/t Au* Measured - 0.18 Moz @ 4.1 g/t Au* , A RPM North Deposit * Nova's 85% interest 0.68 Moz Au total, 0.29 Moz Au M&l, & 0.16 Moz Au Measured | , , % nO ennine
Slide 13: RPM South - 0.35 Moz @ 0.5 g/t Au Inferred
4 to ale z pgs fF €& si ea j cmante pa x RPM South - 0.35 Moz @ 0.5 g/t Au Inferred* RPM South Deposit TT | Lire > * Nova's 85% interest 0.3 Moz Au Inferred
Slide 14: RPM Drilling
RPM Drilling (g/t Au) lew looking North East. Black drill traces shi
Slide 15: RPM-056
RPM-056 98m @ 3.4 g/t Au from 48m Incl: 38m @7.5 g/tAu r] f a F 27m @ 10.4 git Au’ A ae , ie 120m @ 5.0 g/t Au from 93m 7 Incl: 79M @ 7. Au Be = + SS RPM South = |258m @ 5.1 g/t Au from Surface Incl: 161m @ 8.4 gft Au 117m @ 11.4 git Au wh |ssme@25.39n Au —_ RPM-008 260m @ 3.6 git AU: Inck: 140m @ 6
Slide 16: RPM Drilling
= s > * - ™~ — a : RPM Drillin ») RPM South —_ ° RPM-028 352m @ 0.3 g/t AU from 8m Incl: 131m @ 0.6 g/t Au 52m @ 0.7 g/t Au 13m @ 1.4 g/t Au | ’ ’ RPM-023 333m @ 0.9 g/t Au from 8m Incl: 116m @ 0.9 g/t Au 94m @ 1.0 g/t Au 15m @ 2.3 g/t Au a:
Slide 17: RPM North grade shells > 1 g/t Au
> 0.30 g/t Au > 0.50 gt au ~<\, MM > 1.00 gtau [BM > 2.00 gt Au RPM North grade shells > 1 g/t Au Black drill traces show the 2023 drilling not yet included in the MRE POWERED BY VRIFY
Slide 18: RPM North grade shells > 0.3 g/t Au
rT 1% . > 27 & ve RPM North grade shells > 0.3 g/t Au > » . &. Black drill traces show the 2023 drilling not yet included in the MRE \ . 4 7 ay ao we A > A . % | North Grade She . 0 cos | > 0.30 g/t Au ‘ (= 0.50 gitAu a > 1.00 g/t Au 2.00 git Au i- RPMLO08 Sample ID E305216 {98 - 99m; 91.3 gi AU RPN
Slide 19: RPM North grade shells > 0.3 g/t Au
a te + RPM North grade shells > 0.3 g/t Au 023 drilling not yet included in the MRE
Slide 20: Super high-grade Measured core of 0.18 Moz @ 4.1 g/t Au
-_— _ Super high-grade Measured core of 0.18 Moz @ 4.1 g/t Au from surface* * Nova's 85% interest 0.16 Moz Au ae of <i'®
Slide 21: High-grade Measured and Indicated core of 0.33 Moz @ 2.4 g/t Au
SO OR ee eS SS Bes ec . Lz aul - High-grade Measured and Indicated core of 0.33 Moz @ 2.4 g/t Au from surface* - — * Nova's 85% interest 0.29 Moz Au |
Slide 22: 1.13 Moz @ 0.7 g/t Au total S-K 1300 resource
1.13 Moz @ 0.7 g/t Au total S-K 1300 resource from surface* = > é Ss =; RPM South Deposit <ad ~~ 2 ." 02091 Aucutott wo ‘ > a =~ ~ * Nova's 85% interest 0.98 Moz Au a, : » LGR RPM North Deposit 0.20 g/t Au cut-off Measured Indicated Inferred POWERED BY VRIFY
Slide 23: 1.13 Moz @ 0.7 g/t Au total S-K 1300 resource
1.13 Moz @ 0.7 g/t Au total S-K 1300 resource from surface* * Nova's 85% interest 0.98 Moz Au z . = RPM South Deposit A ; 0.2094 Aucutott RPM North Deposit 0.20 g/t Au cut-off Measured Indicated Inferred POWERED BY VRIFY
Slide 24: Train Area - another massive IRGS
Train Area — Geological observations have indicated another massive IRGS approximately 4.5 km long x 2.5 km wide located 6 km North of the high-grade RPM Deposit T r. a i n 6 eon priority target for the renee discovery and definition of an additional 3rd resource deposit € a al 7 a Not just gold, hi
Slide 25: High-grade gold coincident with antimony
High-grade gold coincident with antimony Possible large IRGS with a 1km strike and 500m width and possible 1.5km genetic link to Trumpet ‘Surface Sampling Augtt 25.2 g/t At GILAU ~ 80.2 g/t Au the golds conciden ‘94 rock samples with a high of 80.2 g/t Au, 65 samples >1 g/t Au, and average of 8.1 g/
Slide 26: High-grade gold coincident with high-grade antimony, copper and silver
High-grade gold coincident with high-grade antimony, copper and silver 102 rock samples with a high of 132.5 g/t Au, 44 samples >1 g/t Au, and average 4.7 g/t Au 75 soil samples with a high of 4.8 g/t Au, 6 samples >1 g/t Au, and average of 0.39 g/t Au PD BRE, _——e 32.8g/tAu g §) 28art Au i= par Se
Slide 27: More high-grade gold coincident with high-grade antimony, copper and silver
More high-grade gold coincident with high-grade antimony, copper and silver PEI Surface Sampling 7 rock samples with a high of 44.2 git Au, 5 samples > 1 g/t Au, ond average 11.3 g/t Au os wor aaite 12 soil samples with a high of 6.75 g/t Au, 4 samples >1 g/t Au, and iets 1.27 g/t Au PPI 1,290 g/t A
Slide 28: One of the most impressive gold anomalies on the claim block
One of the most impressive gold anomolies on the claim block Numerous multi-gram soil samples as well over a 1km strike length ue “<a ——/' 12 rock samples with a high of 43.6 g/t Au, 9 samples >1 g/t Au, and average 7.8 g/t Au » a — = Surface Sampling 43.6 g/t Au 47 rock samples with a high of 127.5
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Slide 30: RPM valley and haul road location
— er , a RPM North Muddy CreBiscovery 4 ‘ \ ~ ox RPM South == RPM Valley = i __ RPM is ideally located as haul trucks will be going up empty and coming down full on \ the proposed haul road which is expected to further reduce costs and maintenance ‘> VRIF MEA
Slide 31: Proposed Haul Road
Proposed Haul Road — Daf Ke!
Slide 32: Haul Road - Camp to Korbel
Haul Road - Camp to Korbel POWERED BY VRIFY
Slide 33: Korbel
. 4 y POWERED BY VRIFY
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Slide 35: Korbel Potential Processing Plant
bel Potential, ‘< 5 ng P\6cessing Plant” ae S rea “p. Korbel 3 : Main Depdstebeauty.
Slide 36: Korbel Main - 2.70 Moz @ 0.3 g/t Au
- gitags Korbel Main - 2.70 Moz @ 0.3 g/t Au* —_~ Indicated - 2.39 Moz @ 0.3 g/t Au* Korbel Main Deposit a a *Nova's 85% interest 2.35 Moz total and 2.09 Moz Indicated 7
Slide 37: Cathedral inferred resource
Xe é: oa Cath = \ Nova's 85% interest 1.08 Moz Inferred — —
Slide 38: Korbel Main drilling looking East
Korbel Main drilling looking East
Slide 39: Korbel Drilling
~ = Korbel Drilling ° 1 Cathedral drilling looking Southeast = 2 CTDD-003B ‘ CTDD-001) n @ 0.4 g/t Au from 168m’ a 354m @ 0.3 g/t Au from 104m Incl 70m @ oem me Incl: 11m @ 4.4 g/t Au] “—— _3m @ 2.7 g/t Au POWERED BY
Slide 40: Korbel Drilling
POWERED BY VRIFY 549m @ 0.3 git Au from 3m] Incl: 97m @ 0.8 g/t Au| 15m @ 2.3 g/t Au| 3m @ 8.2 git Au | KBOH-081 277m @ 0.5 git Au from Surface. | incl: Sm @ 7.0 gft Au 20m @ 1.9 gft Au: Om @ 4.4 gft Au 429m @ 0.6 git Au from 3m Incl: 101m @ 1.3 g/t Au 82m @ 1.5 gft Au 30m @ 2.4 gft Au KBDH-072 308m
Slide 41: Korbel Main: Grade shells > 0.5 g/t Au
Korbel Main: Grade shells > 0.5 g/t Au
Slide 42: Korbel Main: Grade shells > 0.5 g/t Au
Korbel Main: Grade shells > 0.5 g/t Au
Slide 43: Korbel Main Grade Shells
Y $ Fa == Pain ~~ ~ Korbel Main Grade Shells P ars POWERED BY VRIFY
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Slide 45: Korbel Main Deposit
~~ Korbel Main Deposit | _ 0.15 gft Au cut-off a | indi inferred 2.39 Moz @ 0.3 g/t Au S-K 1300 Indicated resource from surface*. Approximately 1.0 Moz POWERED BY of the resource is in a high-grade feeder system for direct mill feed V R | F Y * Nova's 85% interest 2.09 Moz Au
Slide 46: Korbel Main Deposit
Korbel Main Deposit i 0.15 g/t Au cut-off 3 Lon ¥ vw { es @ = \ > Korbel Main 2.70 Moz @ 0.3 g/t Au total S-K 1300 resource from surface* | > * Nova's 85% interest 2.35 Moz Au s ‘‘S. POWERED BY a a VRIFY se ie
Slide 47: Cathedral 1.35 Moz @ 0.3 g/t Au Inferred resource
_ Cathedral 1.35 Moz @ 0.3 g/t Au S-K 1300 Inferred resource*. Located just 550m south west of Korbel Main. Total Korbel S-K 1300 resource 4.05 Moz @ 0.3 g/t Au* Pa . > = * Nova's 85% interest 1.08 Moz Au Inferred at Cathedral and 3.43 Moz Au Total at Korbel > ¥ Korbel Main Deposit O18 gt Au cutott
Slide 48: Korbel Potential Processing Plant
Korbel Potential Processing Plant Sampling of high-grade rock samples define a high prioity target at Cathedral with future infill drilling to target closer to the surface where these rock chips were discovered 14.0 g/t Au Se, ae pe eek 1.05 g/t Au = a - = A 7.1 g/t AU son Ee
Slide 49: Korbel Main and Cathedral deposits
ge wee Cee eau - jYou B Ber? Korbel. “EatNedral Deposit Main Depos: eks C& ‘
Slide 50: Whiskey Bravo Airstrip & Camp
“Whiskey Bravo Airstrip & Camp — | a X SS S nse Warehouse and Mine Shop Estelle Centralized Processing Facility ——
Slide 51: Leach Cycle
Leach Cycle (96.2% recovery) Crushing & Grinding ~ Furnace (55 ——s POWERED BY VRIFY
Slide 52: Leach Cycle
Leach Cycle Crushing & (Ge: 2% recovery) Grinding BA MG
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Slide 54: Estelle Gold Project untested targets
et Sean Estelle Gold Project ne ; . ne 5 2 RY ~ ; \ Significant untested potential from a number of identified mineralized future targets to expand the exploration pipeline for longer term opportunity across the central area of the Estelle Gold Project aS
Slide 55: Thickest gold-bearing veins discovered to date
Ala se > __ Thickest gold- cos veins on the ——— discovered to date with > 1km strike length a ont » a ge Cae fh \ & raock aman 16 samples >1 g/t Au, and average 1.7 git Au ZES ; High-grade polymetallic gold, silver, copper stacked vien system along a 4km strike length, Up to 10m wide and with 300m o
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Slide 57: High grade gold and antimony rock samples near Korbel haul road
High grade rock samples for gold and antimony discovered in close proximity to the Korbel haul road and the Whiskey Bravo camp Antimony listed as a mineral critical to US economic and national security interests, for which there is no current US domestic supply 5 rock samples with a high of 12.65 g/
Slide 58: Estelle Gold Project, a 513km2 district scale project
The Estelle Gold Project, a 513km2 district scale project on State of Alaska mining claims with over sr 20 prospects advancing at varying stages ‘ yay WINNT Fstelle Gold Project _. 88km7-Long Mineralized Corridor VRIFY
Slide 59: Proven & Robust Flowsheet
Proven & Robust Flowsheet Further Improvements being Tested as Part of the Current PFS Level Studies Key: Current flow sheet design Conceptual additions to the flow sheet currently being tested as part of the PFS level studies. Previous reject waste now sent to the heap leach Critical minerals extra
Slide 60: A Path of Value Accretion Opportunities
A Path of Value Accretion Opportunities Significant Value Upside as the Project Continues to De-Risk Moving more resource to measured and indicated for the PFS – RPM drilling Resource growth & CM definition – Drilling RPM, Train, Trumpet, Shoeshine, Muddy Creek, Stibium Ongoing studies and test work
Slide 61: North American Peers
North American Peers All data from publicly available information on the respective company websites 1 Market Caps as of 5/20/24 as per S&P Capital IQ Canadian market caps converted using CAD$0.73 to USD and AUD market caps converted using AUD$0.65 to USD 2 All Mineral Resource Estimates include, Me
Slide 62: Nova Minerals Snapshot
Nova Minerals Snapshot (As of 26 May 2024 in USD unless noted) Share Price Market Capitalisation Estelle – A District Scale Project $0.16 $34M in a Great Neighbourhood 52 week high $0.28, low $0.14 Shares on Issue Kinross - Fort Knox Cash & Equivalents 11.0 Moz @ 0.3 g/t Au 215M ~$10M Cash AUD$4.5M
Slide 63: Team with the Experience to get Estelle into Production
Team with the Experience to get Estelle into Production Louie Simens Over 10 years’ experience managing and operating multiple business with large projects in the building, mining Interim Executive Chairman and civil industries. Maintains extensive networks in the mining and financial industry Chris
Slide 64: Nova's Value Drivers
Nova’s Value Drivers Favourable jurisdiction and tenure Aspiring Worldclass gold producer Experienced CEO and management team Very low discovery cost ~ US$5/oz Open pit, low strip ratio, bulk minable deposits Thick high-grade ore zones from surface Multi-element potential – Au, Ag, Cu, Sb, CM’s Sign
Slide 65: Nova Minerals Limited
Nova Minerals Limited T: +61 3 9537 1238 E: info@novaminerals.com.au W: www.novaminerals.com.au Main Operations Office Whiskey Bravo Airstrip Suite 5 Matanuska-Susitna Borough, 242 Hawthorn Road Alaska, USA Caulfield 1150 S Colony Way Suite 3-440, Victoria 3161 Palmer, AK 99645 Australia 65