Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (January 2025)
37 slides from Nova Minerals's investor presentation, Jan 14, 2025
Slide 1: Estelle Project - Gold and Antimony in Alaska
Estelle Project - Gold and Antimony in Alaska Concurrently developing a tier one gold asset and securing U.S. domestic antimony supply For personal use only Corporate Update 14 January 2025 Antimony-Gold prospect ASX: NVA | NASDAQ: NVA | FRA: QM3 Gold prospect www.novaminerals.com.au
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers General This presentation has been prepared by Nova Minerals Ltd (ACN 006 690 348) (Company) based on information from its own- and Such factors include, among others, the actual market price of commodities, the actual results of future exploration, changes in third
Slide 3: Nova Minerals Investment Highlights
Nova Minerals Investment Highlights Estelle Project - A Dual Gold-Antimony Project in a Tier 1 Jurisdiction with Strong Upside Potential District Scale Project with Dual Assets – Located in Tier One Jurisdiction Alaska Precious and Strategic Minerals (85% Owned) • Regulatory advantage - 514km2 of St
Slide 4: District Scale 514km2 with Gold and Antimony Assets
Estelle Project - Gold and Antimony in Alaska District Scale 514km2 with Gold and Antimony Assets within the One U.S. Project Antimony-Gold prospect Priority Antimony-Gold area Estelle Antimony Assets For personal use only • 7 antimony-gold prospects Gold prospect • High-grade surface samples up to
Slide 5: Macro-Economic Drivers - Right Place, Right Time, with the Right Commodities
Estelle Project - Precious and Strategic Minerals Macro-Economic Drivers - Right Place, Right Time, with the Right Commodities Gold – Precious Mineral Near All Time Highs Antimony – Strategic with No U.S. Supply For personal use only • Central bank purchases • Strategically important critical minera
Slide 6: Nova's Gold Assets
Nova’s Gold Assets For personal use only Vision: To develop Estelle into a tier one globally significant gold producer
Slide 7: Gold Assets - Staged Development Options
Estelle Gold Assets - Staged Development Options 1. RPM Starter Mine with Regional Expansion – High-Grade Resource Starter Pit For personal use only Geological indications show all 3 areas are potentially RPM genetically linked South RPM RPM Valley North ` RPM Starter Pit Area Potential Gold Process
Slide 8: Gold Assets - RPM
Estelle Gold Assets - RPM High-Grade Core with Mineralization Extending from Surface and Remains Open RPMRC-24017 29m @ 7.1 g/t Au • 88 holes, ~21,000m drilled From surface Incl: 22m @ 9.4 g/t Au RPM South RPM-057 211m @ 3.2 g/t Au to date – 7,200m not in 3m @ 32.2 g/t Au For personal use only 2m @
Slide 9: Gold Assets - Staged Development Options: Expanded Project
Estelle Gold Assets - Staged Development Options 2. Expanded Project – Korbel + RPM + Regional - Scalable with Decades of Potential Pipeline For personal use only Korbel Main and Cathedral 550m apart with the potential to be genetically linked Potential Gold Processing Plant Expanded Project – Korbe
Slide 10: Gold Assets - Korbel
Estelle Gold Assets - Korbel Bulk Tonnage Gold with Low Strip Amenable to Large Scale Selective Mining • 214 holes, ~70,000m drilled to date For personal use only • Low strip ratio 0.76:1 KBDH-072 308m @ 0.7 g/t Au • from surface Incl: Mineralization from surface and remains wide 113m @ 1.0 g/t Au 4
Slide 11: Nova's Antimony Assets
Nova’s Antimony Assets For personal use only Vision: To concurrently develop Estelle’s antimony assets to help secure a U.S. domestic supply chain for antimony from mining to a refined product
Slide 12: Antimony Macros – Antimony Production 2022 (USGS)
Antimony Macros – Antimony Production 2022 (USGS) 99% of the World’s Antimony Supply Comes from 7 Countries & China has Banned All Exports For personal use only Russia 18% Tajikistan 16% Turkey 1% China 54% The U.S. currently Myanmar 4% does not have any domestic supply. U.S. critical minerals suppl
Slide 13: Antimony Assets – From Mining to Refined Product
Estelle Antimony Assets – From Mining to Refined Product Fully Secured and Integrated U.S. Domestic Antimony Supply Chain Based in Alaska Estelle Project Feedstock Feedstock Out of state from existing from historical feedstock mines reclamations For personal use only Concentrator for Refinery Feedst
Slide 14: Antimony Assets - Stibium
Estelle Antimony Assets - Stibium High-Grade Gold & Antimony in Close Proximity to Korbel & the Camp N For personal use only Stibium Stand Alone Antimony-Gold Starter Mine • High-grade antimony coincident • Quick start up, subject to DoD grant with gold with 16 samples > 5 g/t Au • Low CAPEX and a h
Slide 15: Antimony Assets - Stibium Soil Heat Map
Estelle Antimony Assets - Stibium Antimony Soil Heat Map with Proposed Pads for Resource Drilling in 2025 For personal use only Stibium Proposed access 800m road to Stibium ASX Announcements 10 October 2023, 5 & 11 December 2024, & 13 January 2025 Sample E406774 (54.5% Sb)
Slide 16: Antimony Assets – Extensive Exploration Upside
Estelle Antimony Assets – Extensive Exploration Upside 7 Known Prospects Containing Antimony from Surface Sample Results (High-Grade > 0.1% Sb) Shoeshine For personal use only Train Stibium Stibium Stoney Shoeshine Train Stoney T5 Trumpet Trumpet T5 Styx Styx ASX Announcements 10 October, 16 & 20 No
Slide 17: 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 For personal use only and flame resistance, lenses, binoculars, energy equipment) efficient windows) anti-co
Slide 18: Regional Expansion Potential > Prospects
Estelle Regional Expansion Potential > 20 Prospects To Date < 5% of the 514km2 Property has been Explored Nova’s Low- 35km long mineralized intrusive corridor Cost For personal use only Gold, and highly elevated concentrations of Silver, Copper, Antimony and Pathfinder Approach to Other Critical Min
Slide 19: Regional Expansion Potential - Train
Estelle Regional Expansion Potential - Train Antimony and Other CM’s Coincident with High-Grade Gold N For personal use only 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 (An
Slide 20: Regional Expansion Potential - Trumpet
Estelle Regional Expansion Potential - Trumpet Further High-Grade Antimony & Other CM, Copper, & Silver Coincident with High-Grade Gold N For personal use only 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
Slide 21: Regional Expansion Potential - Shoeshine
Estelle Regional Expansion Potential - Shoeshine Abundant Antimony Enriched Style Gold Mineralization N For personal use only 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
Slide 22: Regional Expansion Potential - Muddy Creek
Estelle Regional Expansion Potential - Muddy Creek One of the Most Impressive Gold Anomalies on the Property For personal use only Muddy Creek Surface Sampling Results 33.9 g/t Au • 24 rock samples > 10 g/t Au with a high 128.5 g/t Au of 128.5 g/t Au 93.2 g/t Au • 23 soil samples > 2.0 g/t Au with a
Slide 23: Regional Expansion Potential - Stoney
Estelle Regional Expansion Potential - Stoney High-Grade Gold, Silver, Copper, & Antimony Anomalies Discovered For personal use only 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 •
Slide 24: Proven & Robust Flowsheet
Estelle 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 For personal use only Key: Current flow sheet from the scoping study Conceptual additions to the flow sheet currently bei
Slide 25: Alaska - Tier One Stable Mining Jurisdiction
Alaska - Tier 1 Stable Mining Jurisdiction Estelle - A District Scale Project in a Great Neighbourhood with a Long History of Mining Teck Resources – Red Dog Mine President-elect Trump sent a LEGEND Zinc ITH - Livengood 1989 - Current Gold Producing mine video message three days after ITH – Upper Ko
Slide 26: Infrastructure Solutions
Estelle Infrastructure Solutions Located on State of Alaska Public Lands Close to Anchorage Location Anchorage • Located on State of Alaska public lands, 150km northwest of Anchorage Willow Airstrip Port Mackenzie Anchorage For personal use only • 35km long mineralized corridor on 514km2 of State of
Slide 27: 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 are considering a strategy to achieve production with a scalable operation, by: • For personal use only Establishing an initial low CAPEX smaller scale operatio
Slide 28: 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 For personal use only Richard
Slide 29: Creating Long-Term Value for All Stakeholders
Creating Long-Term Value for All Stakeholders Established a Social Licence To Operate • Hire and Buy Alaskan - we strive to offer support through For personal use only prioritising local employment and local procurement with our “Hire & Buy Alaskan” policy. • Support Local Communities – Nova has est
Slide 30: Corporate Snapshot
Corporate Snapshot (As of 13 January 2024 in USD unless noted) Tightly Held Analyst Coverage NVA – NASDAQ • Top 50 Holders - 64% (Daily) • Top 20 Holders - 53% For personal use only • Directors & Management - 7% • Institutions – 20% (UBS 4.5%) • Strategic – 10% • Nebari Gold Fund – 12% Capital Struc
Slide 31: Project – 2025 Catalysts
Estelle Project – 2025 Catalysts Unlocking Gold and Antimony Value at Estelle in 2025 Updated Mineral Resource Estimated (MRE) to both JORC & SK-1300 For personal use only Potentially secure U.S. Department of Defense funding for antimony supply Mine and infrastructure permitting – Internal roads fo
Slide 32: Nova's Value Drivers
Nova’s Value Drivers Favourable jurisdiction and tenure - All on State of Alaska lands (No federal or native title land to contend with) For personal use only Aspiring worldclass gold and antimony producer – Favourable macros Experienced CEO and management team to get Estelle into production Very lo
Slide 33: Follow Us
Follow Us For personal use only 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
Slide 34: Appendix 1: Mineral Resource Estimates (MRE)
Appendix 1: Mineral Resource Estimates (MRE) JORC Compliant Global MRE • High confidence, conservative Global MRE 9.9 Moz – April 2023 • Currently excludes ~7,200 of drilling undertaken in the 2nd half of 2023 and in 2024 For personal use only • Includes a super high-grade zone of 180 Koz @ 4.1 g/t
Slide 35: Appendix 1: JORC and S-K 1300 Economic Pit Constrained MRE
Appendix 1: Mineral Resource Estimates (MRE) JORC and S-K 1300 Compliant Economic Pit Constrained MRE for the Estelle Gold Project For personal use only 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 o
Slide 36: 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 For personal use only • Large tonnage moved, but a large proportion of the material is ore, meaning l
Slide 37: 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 For personal use only • The sensor data is quickly analyzed allowing individual