Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (March 2024)
36 slides from Nova Minerals's investor presentation, Mar 26, 2024
Slide 1: Estelle Gold Project
Estelle Gold Project Developing North America’s next major mineral trend in Alaska March 2024 Market Update 79 51 26 March 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 General This presentation has been prepared by Nova Minerals Ltd (ACN 006 690 348) (Company) based on information from its own and Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual third party sources and is not a di
Slide 3: The Estelle Gold Project (85% Owned)
The Estelle Gold Project (85% Owned) A World Class Asset in Alaska with Significant Upside Jurisdiction District Scale Long Term Project Alaska, USA 513km2 (200 sq miles) Decades of potential State of Alaska mining claims, 35km long mineralized production with over streamlined permitting process cor
Slide 4: 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 • 513km2 of unpatented mining claims International Airport • Alaska has a stream
Slide 5: Nova Minerals Snapshot
Nova Minerals Snapshot (As of 22 March 2024 in AUD) Share Price Market Capitalisation Estelle – A District Scale Project $0.28 $59M in a Great Neighbourhood 52 week high $0.51, low $0.22 Shares on Issue Kinross - Fort Knox Cash & Equivalents 11.0 Moz @ 0.3 g/t Au 210.9M ~$15M Cash AUD$6.2M + Listed
Slide 6: Estelle Gold Project
Key: Estelle Gold Project Whiskey Bravo Resource Deposit Airstrip & Camp Targeting world class deposits with Prospect – Resource Target multiple resource centers across the Prospect – Other single project. Over 20 potential Potential Processing Plant prospects being progressively Proposed Haul Road
Slide 7: RPM
RPM High-Grade Resource Starter Pit – 1.0km L x 0.9km W x 0.6 km D Super high-grade Measure core of 180 Koz @ 4.1 g/t Au within a wider high-grade M&I Core of 340 Koz @ 2.3 g/t Au and a total resource of 1.24 Moz @ 0.6 g/t Au from Surface • RPM North • RPM Valley Geological indications show all 3 ar
Slide 8: RPM
RPM World Class Thick High-Grade Gold Drill Intercepts RPM-005 400m @ 3.5 g/t Au RPM-057 211m @ 3.2 g/t Au • 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 @ 14.1 g/t Au 79m @ 7.4 g/t Au 63m @ 9.
Slide 9: Korbel
Korbel Bulk Tonnage Gold 8.65 Moz @ 0.3 g/t Au, Including 3.09 Moz @ 0.3 g/t Au Indicated from surface, with ~1.0 Moz in a high-grade feeder system • Korbel Main 550m apart with the potential to be 2.5km L x 0.5km W X 0.5km D • Cathedral genetically linked • All deposits from surface and remain open
Slide 10: 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 11: Characteristics of Bulk Tonnage Mines
Characteristics of Bulk Tonnage Mines Geology and Geometry Come First • Thick drill intercepts > 100m, and often at lower average grades Kinross Gold Corp - Fort Knox Gold Mine • Mineralization at surface with low strip ratios The Fort Knox gold mine, owned by Kinross Gold • Large tonnage moved, but
Slide 12: Strategic Review Outcomes - Near Term Project Upside
Strategic Review Outcomes - Near Term Project Upside Material Opportunities Identified which could Significantly Improve the Project Economics Opportunity Details Action Heap leaching is a well-proven gold recovery method which METS Engineering identified that the crush sizes used in the previous te
Slide 13: Strategic Review Outcomes - Near Term Project Upside
Strategic Review Outcomes - Near Term Project Upside Material Opportunities Identified which could Significantly Improve the Project Economics Opportunity Details Action Nova is currently investigating a potential small-scale starter mine for antimony and other CM at the Stibium prospect for US dome
Slide 14: Strategic Review Outcomes - Near Term Project Upside
Strategic Review Outcomes - Near Term Project Upside Material Opportunities Identified which could Significantly Improve the Project Economics Opportunity Details Action The WSAR is a proposed The road is progressing as part of the DoT State Transportation and ~150km all-weather road that Infrastruc
Slide 15: Proven & Robust Flowsheet
Proven & Robust Flowsheet Further Improvements being Tested as Part of the Current PFS Level Studies Key: Current flow sheet from the scoping study Conceptual additions to the flow sheet currently being tested as part of the PFS level studies. Critical minerals extracted and previous reject waste no
Slide 16: Heap Leaching
Heap Leaching A Potential Game Changer for the Project (Currently Being Investigated as Part of the PFS Level Studies) Heap leaching is a low capital and operating cost alternative to conventional mill processing techniques for gold recovery from low-grade bulk tonnage projects such as Korbel. Well-
Slide 17: Agglomeration Heap Leaching
Agglomeration Heap Leaching Potential to Improve the Efficiency of the Heap Leach (Currently Being Investigated as Part of the PFS Level Studies) The migration of fines through a heap during irrigation can lead to poor permeability and plugging at the bottom of the heap. Agglomeration, which involve
Slide 18: Ore Sorting
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 analysed allowing individual particles to be sorted with high-g
Slide 19: Significant Exploration Upside Potential
Significant Exploration Upside Potential To Date < 5% of the 513km2 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 • Intention to conduct RC drillin
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 • Intention to
Slide 24: Stoney
Stoney High-Grade Gold, Silver, Copper, & Antimony Anomalies Discovered N 2.5km 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: 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 • Intention to co
Slide 26: 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 mineral – Stibnite is the only commercially mined source for antimony and its coincident with gold at Estelle • US currently has no domestic su
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: 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 30: 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 31: Where Are We and Where Are We Going
Where Are We and Where Are We Going Significant Disconnect Between Market and Fundamental Value Same share price as early 2020 before Nova had Significant Achievements in 4 Years delivered the following fundamental achievements, • Defined a 9.9 Moz gold resource – District scale and the gold price w
Slide 32: A Path of Value Accretion Opportunities
A Path of Value Accretion Opportunities Significant Value Upside as the Project Continues to De-Risk Market capitalization ~ AUD$60m (~USD$40m) is a significant discount to the Scoping Study NPV of AUD$981M (USD$654M) Moving more resource to measured and indicated for the PFS – RPM drilling Resource
Slide 33: Team with the Experience to get Estelle into Production
Team with the Experience to get Estelle into Production Louie Simens Over 20 years’ experience managing and operating multiple business with large projects in the building, mining Executive Chairman and civil industries. Maintains extensive networks in the mining and financial industry Christopher G
Slide 34: Immediate North American Peers
Immediate North American Peers All data from publicly available information on the respective company websites 1 Market Caps as of 25/3/24 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 i
Slide 35: 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 5 Matanuska-Susitna Borough, 242 Hawthorn Road Alaska, USA Caulfield 1150 S Colony Way Suite 3-440, Victoria 3161 Palmer, AK 99645 Australia 3
Slide 36: Appendix 1: Global Mineral Resource Estimate
Appendix 1: Global Mineral Resource Estimate • High confidence, conservative Global MRE 9.9 Moz – April 2023 • Currently excludes ~6,600 of drilling undertaken in the 2nd half of 2023 • Includes a super high-grade zone of 180 Koz @ 4.1 g/t Au Measured • Based on ~ 83,000m of RC and high-quality orie