Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (May 2023)
36 slides from Nova Minerals's investor presentation, May 15, 2023
Slide 1: Estelle Gold Project: Phase 2 Scoping Study Results
Estelle Gold Project Developing North America’s next major gold trend in Alaska Phase 2 Scoping Study Results May 2023 To watch a video commentary on ASX: NVA | OTCQB: NVAAF | FSE: QM3 this market update with our CEO, www.novaminerals.com.au Christopher Gerteisen, 1 please click here
Slide 2: Vision to Become a Tier One Gold Producer
Vision to Become a Tier One Gold Producer Estelle Gold Project Korbel Mining Complex Scoping study, which focuses on the higher 2 multi-million oz gold resources grade material, confirms the potential for a ~ 70,000m drilled to date commercially robust mining operation Bulk tonnage resource - 8.65 M
Slide 3: Phase 2 Scoping Study – De-Risking the Estelle Gold Project
Phase 2 Scoping Study – De-Risking the Estelle Gold Project Robust Economic Metrics Payback Period NPV5% IRR 11 Months USD$654M 53% AISC Net Free Cash Flow Pre-Production Capital USD$510 oz 1st Year USD$0.95B (Undiscounted) USD$385M USD$1,149 oz LOM Robust Mining Metrics Total Production Annual Prod
Slide 4: Mining & Economic Metrics Significantly Improved
Mining & Economic Metrics Significantly Improved All %’s show change from Production Physicals Phase 1 Scoping Study numbers Phase 1 Phase 2 Units Scoping Study Scoping Study Payback Period Life of Mine (LOM) Years 15 17+ Total Production by 2.1 Years Ore Mined Mt 195 231 by 15% Mine Grade Au g/t 0.
Slide 5: Estelle Gold Project NPV Sensitivity Analysis
Estelle Gold Project NPV Sensitivity Analysis ~ USD$580M NPV at USD$1,750 +10% = Gold price of gold price used in the Phase 1 USD$1,980 (Current spot Scoping Study gold price ~ USD$2,000) 10% increase in mill grade to 0.80 g/t Au increases NPV to ~ USD$0.93B Core focus to now target resources that w
Slide 6: Phase 2 Scoping Study – Provides a Robust Base for the PFS
Phase 2 Scoping Study – Provides a Robust Base for the PFS Study Based on a Solid Foundation Future Work for the PFS • ABH Engineering detailed studies and mine optimization with an • Additional exploration and resource drilling to target Estelle central processing plant in the Korbel Mining Complex
Slide 7: Cash Flow Profile – Rapid 11 Month Capital Payback
Cash Flow Profile – Rapid 11 Month Capital Payback Payback Period 11 Months Annual Free Cash Flow (Average after payback period) ~ USD$56M (Undiscounted) Total Free Cash Flow Core focus now to increase the LOM USD$0.95B (Undiscounted) mill feed grade Independent lead consultant ABH Engineering comme
Slide 8: The Estelle Gold Project De-Risked – 11 Month Payback
The Estelle Gold Project De-Risked – 11 Month Payback Nova CEO Christopher Gerteisen “In my 30+ year career working on multiple world class resource development projects, I have not seen a payback period like this before on a mine of this size, and this is why we are so excited about the Estelle Gol
Slide 9: Enhanced Production Profile
Enhanced Production Profile Total Production 2.25 Moz Au over LOM Annual Production 363 Koz 1st Year 132 Koz LOM High-Grade Year 1 Core focus now to 2.02 g/t Au at RPM increase the LOM mill feed grade Core focus to now target resources that will increase the LOM average mill feed grade above the cur
Slide 10: Significant Potential Upside Drivers for the PFS
Significant Potential Upside Drivers for the PFS The core focus now is to define mineable resources to increase the average LOM mill feed grade above the current 0.73 g/t Au to improve the project economics further in the PFS (NPV sensitivity analysis above has shown that a 10% increase in mill grad
Slide 11: . SS oo < ae ——
. SS oo < ae —— aNeGold Project as nati, eting world class deposits Maggies with multiple mining complexes — across the single ivr - fa @ Potential Processing Plant --- Proposed Haul Road — Proposed Access Road ~> Proposed West Susitna Including 3.1 Moz Indicated EA “ sy 2 0.8 Moz Au ~ ,. Total Reso
Slide 12: Nova Progressing at 2 Stages of the Lassonde Curve Simultaneously
Nova Progressing at 2 Stages of the Lassonde Curve Simultaneously Now de-risked with the 11 month payback period and the exploration High upside from across the Estelle gold district to add to the project wide Value economic metrics Nova’s core target is to increase the average LOM mill feed grade a
Slide 13: Estelle Located in Alaska: Safe and Rich Mining Jurisdiction
Estelle Located in Alaska: Safe and Rich Mining Jurisdiction Flagship Gold Project CANADA 85% Ownership KINROSS FORT KNOX FREEGOLD VENTURES 11.0 Moz @ 0.3g/t GOLDEN SUMMIT • 35km long mineralized corridor on 450km2 of ITH 3.0 Moz @ 0.69g/t State of Alaska Mining claims LIVENGOOD 13.8 Moz @ 0.6g/t NO
Slide 14: Tier 1 Mining Region with Infrastructure Solutions in Place
Anchorage Tier 1 Mining Region with Infrastructure Solutions in Place Close to Anchorage, Alaska’s major city Beluga Power Plant (Electricity Source) Key: Proposed West Proposed West Susitna Access Road Susitna All Year Access Road Potential Power Transmission Line (Feed to State grid within the app
Slide 15: Pre-Production Capital Payback Just 11 Months
Pre-Production Capital Payback Just 11 Months Estimated pre-production capital has decreased by 9% since the Phase 1 Scoping Study High-grade starter pit at RPM means the ore sorters don’t need to be purchased until years 1 and 11 now Generator removed as mains power supply now assumed as the power
Slide 16: Korbel Mining Complex - Bulk Tonnage Gold
Korbel Mining Complex - Bulk Tonnage Gold 8.65 Moz @ 0.3 g/t Au, Including 3.09 Moz @ 0.3 g/t Au Indicated Across 2 Multi-Million Oz Resource Deposits from Surface • Korbel Main Deposit o 6.64 Moz @ 0.3 g/t Au Total Resource o 3.09 Moz @ 0.3 g/t Au Indicated o Total ore mined 203 Mt o Average strip
Slide 17: RPM Mining Complex - Bulk Tonnage with a High-Grade Core
RPM Mining Complex - Bulk Tonnage with a High-Grade Core 1.24 Moz @ 0.6 g/t Au, Including a High-Grade M&I Core of 340 Koz @ 2.3 g/t Au Across 2 Large Resource Deposits from Surface • RPM North Deposit RPM South o 820 Koz @ 0.8 g/t Au Total Resource ~400m strike length x ~250m width, remains open o
Slide 18: Estelle Central Processing Facility
Estelle Central Processing Facility The Scoping Study provided a CAPEX figure for an Estelle Central Processing Facility of 6 Mtpa, located in the Korbel Mining Complex The flow sheet demonstrates the centralized processing plant uses standard off the shelf technology to easily liberate the gold (wi
Slide 19: Proven & Robust Flowsheet
Proven & Robust Flowsheet Gold easy liberated with conventional off the shelf technology (Without the need for expensive pre-treatment ie: POX, BIOX or auto-clave technologies) 19 ASX Announcements 28 February & 10 August 2022
Slide 20: Ore Sorting – Discrete Korbel Main Veins
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 within the Estelle Gold district Ore sorting results show up to 10x uplift from 588kg sample Mining Companies Using Ore Sorters O
Slide 21: Mining in Alaska
Mining in Alaska Fort Knox Gold Mine Fort Knox Gold Mine The Fort Knox gold mine, owned by Kinross Gold Corp, is a highly profitable, large scale bulk tonnage open-pit gold mine, located near the city of Fairbanks, Alaska. It is mined by conventional open-pit methods, with ore processed at a mill an
Slide 22: Growing Gold Resources
Growing Gold Resources Well on the way to becoming a world-class, tier-one, global gold producer 2024 Drilling Targeting RPM & Potential New Resource at Train in 2023 2023 3.4 Moz (34%) 9.9 Moz 2021 3.0 Moz (31%) 9.6 Moz 2021 6.2 Moz 2021 4.7 Moz 2020 3.3 Moz 2019 2.5 Moz Total Resource 2018 Field a
Slide 23: Estelle – The Carlin of the North - A Tale of Two Gold Trends
Estelle – The Carlin of the North - A Tale of Two Gold Trends Estelle Gold Trend Carlin Gold Trend 9.9 Moz Au and still growing 130 Moz Au with 84 Moz Au produced Gold Strike Mooja Korbel Main Deposit Leeville Betze Post 3.1 Moz Au Indicated 3.5 Moz Au Inferred Carlin Cathedral Deposit Carlin Proces
Slide 24: Nova’s Value Drivers
Nova’s Value Drivers Tier 1 scale - Targeting world class deposits with multiple mining complexes across the single project Vision to become a world class global gold producer - Working to get Estelle into production as fast as possible Alaska tier one jurisdiction and tenure - On State land with no
Slide 25: Similar Mining Haul Road Scenarios Proposed for RPM
Similar Mining Haul Road Scenarios Proposed for RPM The Phase 2 Scoping Study assumes that ore from the RPM deposits will be hauled to the 6 Mtpa Estelle central processing plant, located in the Korbel Mining Complex The haul road width will be 14.5m RPM is ideally located as heavy haul trucks will
Slide 26: Fully Funded Strategic Plan for the Next 12 Months
Fully Funded Strategic Plan for the Next 12 Months Resource infill and extension drilling RPM Shoeshine & exploration and resource definition Shadow drilling in the Train area Train PFS Trade Off Studies, including: Trumpet 1.5 Km • Mining operating strategy (owner vs contractor operator vs hybrid)
Slide 27: Long Term Growth Strategy
Long Term Growth Strategy Get Estelle into production as fast as possible with Nova becoming a tier 1 global gold producer to maximise shareholder value Resource Growth Increase mineral resource scale, confidence level and production target Economic & Production Environmental Ramp Up Studies Continu
Slide 28: Estelle’s Projected Timeline to Production
Estelle’s Projected Timeline to Production 2023 Drill program - Up to 3 drill rigs, running 24 hours, 7 days per week in the almost 24-hour daylight in Alaska during the period - RPM infill and extensional resource drilling to improve the size and confidence of the resource (Q2/Q3 2023) - Maiden res
Slide 29: Comparison to Peers
Comparison to Peers 1 4 2 3 3 All data from publicly available information on the respective company websites 1 Market Caps calculated as SOI x SP as at 12 May 2023 as per TradingView.com. Canadian market caps converted using CAD$0.90 to AUD and US market caps converted using USD$0.66 to AUD 2 All M
Slide 30: Board of Directors
Board of Directors Louie Simens Christopher Gerteisen Craig Bentley Rodrigo Pasqua Avi Geller Executive Chairman Executive Director & CEO Director Finance & Compliance Non-Executive Director Non-Executive Director Louie has been an Chris as CEO controls all Craig is responsible for Rodrigo is a mini
Slide 31: Corporate Snapshot
Corporate Snapshot Share Distribution Share Price Market Capitalisation 2% 13% $0.325 $68.5M 52 week high $1.00, low $0.29 Cash & Cash Equivalents ~ 49.7M 1 Shares on Issue 23% 210.9M 1 ~ Cash $21.9m + Listed Investments: Snow Lake Resources 6.6M shares @ USD$2.68 @ USD 0.6639 = AUD$26.6M + Asra Min
Slide 32: Disclaimer
Disclaimer Cautionary Statements: Robust Phase 2 Scoping Study for the Estelle Gold Project The Scoping Study referred to in this ASX release has been undertaken for the purpose of initial evaluation of a potential development of the Estelle Gold Project in Alaska. The Scoping Study is a preliminary
Slide 33: Disclaimer
Disclaimer The information contained in this confidential document (“Presentation”) has been prepared by Nova Neither this presentation nor any copy of it may be (a) taken or transmitted into the United Kingdom, Minerals Limited (the “Company”). It has not been fully verified and is subject to mater
Slide 34: Thank You
Thank You 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 602 Matanuska-Susitna Borough, 566 St Kilda Road Alaska, USA Melbourne 1150 S Colony Way Suite 3-440, Victoria 3004 Palmer, AK 99645 Australia
Slide 35: Appendix 1: Global Mineral Resource Estimate
Appendix 1: Global Mineral Resource Estimate • High confidence, conservative Global MRE 9.9 Moz – April 2023 • Includes a super high-grade zone of 180 Koz @ 4.1 g/t Au Measured • Based on ~ 85,000m of RC and high-quality oriented diamond core drilling • Comprises of 4 large IRGS deposits • Maiden In
Slide 36: Appendix 2: Strategic Investments
Appendix 2: Strategic Investments Approx. AUD$27.8m value as of 12 May 2023 Snow Lake Resources Ltd, is engaged in lithium exploration at the Thompson Brothers Lithium Project, located in Manitoba, Canada, which comprises of a dominant 56 km2 position located on 6.6 million shares Crown land and enc