Nova Minerals Limited · ASX:NVA
Nova Minerals — ThinkEquity Conference 2024
38 slides from Nova Minerals's conference presentation, Oct 30, 2024
Slide 1: Estelle Project
Estelle Project Developing North America’s next major gold and critical minerals district in Alaska ThinkEquity Conference 79 51 30 October 2024 ASX: NVA | NASDAQ: NVA | FRA: 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: Estelle – Gold & Critical Minerals Asset in Alaska
Estelle – Gold & Critical Minerals Asset in Alaska Differentiating Factor Grade and Scale – Development Optionality with Significant Upside (85% Owned) Jurisdiction Korbel Multiple Resources Bulk Tonnage Gold • Alaska, USA – Big, Low Strip, • Large IRGS deposits • State of Alaska mining claims, Larg
Slide 4: The Estelle Gold Project
The Estelle Gold Project A District Scale Project in a Great Neighbourhood ITH - Livengood • 35km long mineralized corridor on 13.8 Moz @ 0.6 g/t Au 514km2 of State of Alaska Mining Kinross - Fort Knox Freegold Ventures 11.0 Moz @ 0.3 g/t Au Golden Summit claims 24.4 Moz @ 1.3 g/t Au • 2nd largest g
Slide 5: Alaska - Tier 1 Mining Region
Alaska - Tier 1 Mining Region Close to Anchorage with Infrastructure Solutions in Place Location Anchorage • Located on State of Alaska public lands, 150km northwest of Anchorage Willow Airstrip Port Mackenzie Anchorage • 514km2 of unpatented mining claims International Airport • Alaska has a stream
Slide 6: Estelle Gold Project
Whiskey Bravo Key: Estelle Gold Project Airstrip & Camp Potential Antimony-Gold Processing Plant Resource Deposit Targeting world class deposits with Prospect – Resource Target multiple resource centers across the Prospect – Other single project. Over 20 potential Potential Processing Plant prospect
Slide 7: Estelle Staged Development Options
Estelle Staged Development Options Deferred Capital/Funding Early Production (Pending completion of studies) Whiskey Bravo camp & airstrip Potential Antimony-Gold Processing Plant 3. Stand Alone Antimony-Gold Starter Mine • Quick start up, subject to DoD grant Stibium • Low CAPEX • Small footprint/q
Slide 8: 1. RPM Starter Mine
1. RPM Starter Mine High-Grade gold from surface RPM Regional Target Potential Gold Processing Plant RPM North RPM South RPM Starter RPM Valley Pit Area 1km
Slide 9: RPM
RPM High-Grade Resource Starter Pit – From Surface and Remains Open Super high-grade Measured core of 180 Koz @ 4.1 g/t Au within a wider high-grade M&I Core of 330 Koz @ 2.4 g/t Au and a total resource of 1.13 Moz @ 0.7 g/t Au from Surface1 • RPM North RPM South • RPM Valley Geological indications
Slide 10: RPM Exploration – 2024 Drill Results
RPM Exploration – 2024 Drill Results Thick High-Grade Gold Drill Intercepts Extending Mineralization to Surface • 2024 drilling focused on near surface mineralization < 50m depth to support the RPMRC-24016 39m @ 5.4 g/t Au From surface Incl: RPM starter mine 20m @ 10.2 g/t Au 2024 Drill 12m @ 15.3 g
Slide 11: RPM Drilling – Pre 2024 Results
RPM Drilling – Pre 2024 Results World Class Thick High-Grade Gold Drill Intercepts RPM-005 400m @ 3.5 g/t Au RPM-057 211m @ 3.2 g/t Au RPM South • 67 holes, ~20,000m drilled to from surface Incl: 287m @ 4.8 g/t Au From 3m Incl: 120m @ 5.0 g/t Au date, most assayed for multi- 132m @ 10.1 g/t Au 86m @
Slide 12: 2. Expanded Project – Korbel + RPM + Regional
Korbel Main Pit 2. Expanded Project – Korbel + RPM + Regional Scalability - Large project for both gold and critical minerals with a pipeline spanning decades of potential production from over 20 known prospects
Slide 13: Korbel
Korbel Bulk Tonnage Gold – Big, Low Strip, Large Selective Mining Potential, Low Unit Cost, Open Pit 4.05 Moz @ 0.3 g/t Au, Including 2.39 Moz @ 0.3 g/t Au Indicated from surface, with ~1.0 Moz in a high-grade feeder system1 • Korbel Main 550m apart with the potential to be 0.5km • Cathedral genetic
Slide 14: Korbel
Korbel Bulk Tonnage Gold with Thick Intercepts from Surface • 214 holes, ~70,000m drilled to date • Mineralization remains wide open KBDH-072 308m @ 0.7 g/t Au from surface Incl: 113m @ 1.0 g/t Au 49m @ 1.5 g/t Au 21m @ 2.5 g/t Au 98 g/t Au 114 g/t Au • Resource upside potential with: 37 g/t Au o Hi
Slide 15: 3. Stand Alone Antimony-Gold Starter Mine
High-Grade Antimony & Gold Samples 3. Stand Alone Antimony-Gold Starter Mine High-Grade Antimony-Gold from surface samples Potential Antimony-Gold Processing Plant
Slide 16: Stibium
Stibium High-Grade Gold & Antimony in Close Proximity to Korbel & the Camp Stibium Surface Sampling Results • High-grade Antimony coincident with Gold with a high of 12.7 g/t Au and 60.5% Sb (Antimony) • 2m wide surface outcropping containing stibnite with over 30m in strike length • Nova is current
Slide 17: Antimony and Other Critical Minerals
Antimony and Other Critical Minerals Coincident with the Gold at Estelle Strong Interest Shown in Estelle's Antimony and CM Potential • Antimony is a scarce element – Stibnite is the only commercially mined source for antimony and its coincident with gold at Estelle • China recently announced it is
Slide 18: Antimony at Estelle
Antimony at Estelle Many Surface Samples Discovered > 0.1% Sb (>0.1% Sb considered high-grade) Shoeshine Stibium Train Stibium Stoney Shoeshine Train Stoney T5 Trumpet Trumpet T5 Styx Styx
Slide 19: Significant Exploration Upside Potential
Significant Exploration Upside Potential To Date < 5% of the 514km2 Property has been Explored Nova’s Low- 35km long mineralized intrusive corridor Cost Gold, and highly elevated concentrations of Silver, Copper, Antimony and Pathfinder Approach to Other Critical Minerals (CM) have also been discove
Slide 20: Train
Train Antimony and Other CM’s Coincident with High-Grade Gold N Train Surface Sampling Results • 32 rock samples > 5 g/t Au with a high of 80.2 g/t Au • 31 soil samples > 0.5 g/t Au with a high of 3.3 g/t Au • 15 rock samples > 0.5% Sb (Antimony) with a high >10% Sb 1.5km ASX Announcement 16 Novembe
Slide 21: Trumpet
Trumpet Further High-Grade Antimony & Other CM, Copper, & Silver Coincident with High-Grade Gold N Trumpet Surface Sampling Results • 21 rock samples > 5 g/t Au with a high of 132.5 g/t Au • 14 soil samples > 0.5 g/t Au with a high of 4.8 g/t Au • 13 rock samples > 0.5% Sb (Antimony) with a high 16.
Slide 22: Shoeshine
Shoeshine Abundant Antimony Enriched Style Gold Mineralization N Shoeshine Surface Sampling Results • 10 rock samples > 5 g/t Au with a property high of 1,290.0 g/t Au • 18 soil samples > 0.5 g/t Au with a property high of 7.5 g/t Au, over a 1km strike length • 3 rock samples > 0.1% Sb (Antimony) wi
Slide 23: Muddy Creek
Muddy Creek One of the Most Impressive Gold Anomalies on the Property Muddy Creek Surface Sampling Results • 18 rock samples > 10 g/t Au with a high of 127.5 g/t Au • 15 soil samples > 2.0 g/t Au with a high of 6.1 g/t Au, over a 1.5km strike length • Core anomaly measures 400m x 400m • Assays resul
Slide 24: Stoney
Stoney High-Grade Gold, Silver, Copper, & Antimony Anomalies Discovered 2.5km N Stoney Area Surface Sampling Results • 6 rock samples > 10 g/t AuEq with a high of 75.8 g/t AuEq • 10 soil samples > 1.0 g/t AuEq with a high of 4.2 g/t AuEq • 2 rocks > 1,000 g/t Ag • 4 rocks > 3% Cu with a high of 8.5%
Slide 25: Estelle – Gold & Critical Minerals
Estelle – Gold & Critical Minerals Right Place, Right Time, With the Right Commodities Gold Spot Price Antimony Spot Price US$2,650 oz* US$25,000 mt* *Source: https://www.metalsdaily.com/live-prices/gold/ 25/9/24 *Source: https://www.metal.com/Antimony/202005060001 25/9/24
Slide 26: Multi-Element Potential at Estelle
Multi-Element Potential at Estelle Gold, Antimony, and Other High-Grade Minerals Also Discovered Estelle could potentially help the US secure its CM supply chain
Slide 27: Antimony Uses (USGS)
Antimony Uses (USGS) The Most Important Critical Mineral You have Never Heard Of (Munitions, night vision goggles, Key properties - heat (Smart phone screens, camera explosives, communication and flame resistance, lenses, binoculars, energy equipment) efficient windows) anti-corrosion, and its abili
Slide 28: World Antimony Production 2022 (USGS)
World Antimony Production 2022 (USGS) 99% of the World’s Antimony Supply Comes from 7 Countries Russia 18% Tajikistan 16% Turkey 1% China 54% The US currently Myanmar 4% does not have any domestic supply. US critical minerals supply chain risk Bolivia 2% Australia 4% But Estelle can change this, and
Slide 29: Proven & Robust Flowsheet
Proven & Robust Flowsheet Simple Metallurgy for Easy Gold Liberation - A Big Cost Differentiator Further Improvements being Tested as Part of the Current FS Level Studies Key: Current flow sheet from the scoping study Conceptual additions to the flow sheet currently being tested as part of the FS le
Slide 30: A Path of Value Accretion Opportunities
A Path of Value Accretion Opportunities Significant Value Upside as the Project Continues to De-Risk Feasibility Studies currently underway is considering a strategy to achieve production with a scalable operation, by: • Establishing an initial low CAPEX smaller scale operation at the high-grade RPM
Slide 31: Team with the Experience to get Estelle into Production
Team with the Experience to get Estelle into Production Christopher Gerteisen Over 30 years' experience managing and advancing resource projects from green fields, through development Executive Director & CEO and into production across North America, Australia and Asia Richard Beazley Internationall
Slide 32: North American Peers
North American Peers Alaska State Governor Mike Dunleavy on the RPM drill pad in August 2023 All data from publicly available information on the respective company websites 1. Market Caps as of 24 October 2024 2. Canadian market caps converted using CAD$0.72 to USD and AUD market caps converted usin
Slide 33: Nova Minerals Snapshot
Nova Minerals Snapshot (As of 24 October 2024 in USD unless noted) Share Price Market Capitalization NVA – NASDAQ (Daily) NASDAQ ADS* $10.78 NASDAQ Warrants $ 3.00 $46M ASX Shares $ 0.26 (AUD) Market Capitalization/Resource oz $9 Shares on Issue Cash & Equivalents 272M* *Includes 660k ADS’s where 1
Slide 34: Nova’s Value Drivers
Nova’s Value Drivers Favourable jurisdiction and tenure - All on State of Alaska lands (No federal or native titles) Aspiring Worldclass gold producer Experienced CEO and management team Very low discovery cost ~ US$5/oz or 58oz added for every metre drilled Open pit, low strip ratio, bulk minable d
Slide 35: Follow Us
Follow Us 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 A
Slide 36: Appendix 1: Mineral Resource Estimates (MRE)
Appendix 1: Mineral Resource Estimates (MRE) JORC and S-K 1300 Compliant Economic Pit Constrained MRE for the Estelle Gold Project 1. A mineral resource is defined as a concentration or occurrence of material of economic interest in or on the Earth’s crust in such form, grade or quality, and quantit
Slide 37: Appendix 2: Characteristics of Bulk Tonnage Mines
Appendix 2: Characteristics of Bulk Tonnage Mines Geology and Geometry Come First • Thick drill intercepts > 100m, and often at lower average grades • Mineralization at surface with low strip ratios • Large tonnage moved, but a large proportion of the material is ore, meaning less waste • Open pit o
Slide 38: Appendix 3: Ore Sorting
Appendix 3: Ore Sorting Rejecting Low-Grade Material Before Milling with the Reject Ore Sent to Heap Leach How Ore Sorting Works • Each individual rock is classified as being ore or reject using real-time online sensors • The sensor data is quickly analyzed allowing individual particles to be sorted