Slide 1: Estelle Gold Project Technical Presentation
For personal use only Estelle Gold Project Technical Presentation September 24, 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: AircraA: 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: Property Wide 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 (ASX: 16 and 17 July, 2019) 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 tar
Slide 11: Ground Resistivity Survey
Ground Resis0vity Survey (ASX: 16 and 17 July, 2019) 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
Slide 12: Ground IP/Chargeability Survey
Ground IP/Chargeability Survey (ASX: 16 and 17 July, 2019) 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.
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 (ASX: 16 and 17 July, 2019 and 11 September, 2019) 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 ma
Slide 16: Oxide Deposit Area Interpretation
Oxide Deposit Area Interpreta0on (ASX: 16 and 17 July, 2019 and 11 September, 2019) 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. Fault
Slide 17: 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 18: Estelle Gold Project
For personal use only Estelle Gold Project For More Informa/on contact: Email: info@novaminerals.com.au
Slide 19: 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 been fully verified and is subject to material upda?ng, revision and further amendment. For personal use only While the
Slide 20: Appendix: Supplementary Data
Appendix 1 For personal use only Supplementary Data Estelle Gold Project Alaska 20
Slide 21: 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 22: 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 23: RPM Prospect
RPM Prospect RPM Prospect (ASX:17 September 2019) For personal use only SE12-‐008 From (m) To (m) Grade g/t Width Historical diamond drill hole Intersec?on 4.27 180.78 0.79 177.39 SE12-‐008 completed in 2012 was re-‐sampled by Nova as part Includes 26.00 146.40 1.02 120.40 of the 2019 field progra