Slide 1: Estelle Gold Project
For personal use only Estelle Gold Project Nova Minerals is a dynamic Australian explorer and developer 2.5Moz gold resource is a start, the best is yet to come… January, 2020
Slide 2: 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 3: Estelle Gold Project Location
Estelle Gold Project Loca:on For personal use only Loca/on: 185 km northwest of Anchorage 15 km -‐ Whiskey Bravo Airstrip 15 km -‐ proposed Donlin Pipeline Access: AircraR: Anchorage to Whiskey Bravo Helicopter: Whiskey Bravo to Property Winter Road Access Available Climate: Summer Temp = 50 to 30
Slide 4: Regional Setting: The Tintina Gold Belt
Regional Se<ng: The Tin:na 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 5: The Estelle Gold District
The Estelle Gold District For personal use only Size 368 State mining claims 220 km2 Ownership Nova earning up to 85% Geology IRGS deposit type targets Estelle plutonic complex Cretaceous age mul=phase intrusion Poten/al Korbel deposit Inferred Resource 181.29 mt @ 0.43 g/t Au (2.5 Moz gold) Mineral
Slide 6: The Estelle Gold District: Property Wide Multiple Gold Targets
The Estelle Gold District 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 7: The Estelle Intrusion Related IRGS Deposit Model
The Estelle Intrusion Related IRGS Deposit Model For personal use only Korbel Deposit Model Nova’s Korbel 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 t
Slide 8: Deposit Types: Examples
Deposit Types: Examples Korbel 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 ro
Slide 9: Vein Types: Mineralogy and Paragenesis
Vein Types: Mineralogy and Paragenesis Korbel Deposit Vein Types, Mineralogy and Mineralogy For personal use only Flagg (2014) characterized the morphology, cross-‐cupng rela=onships, vein paragenesis, and mineralogy of the veins and Temperature iden=fied those minerals associated with gold minerali
Slide 10: Korbel Deposit Geology
Korbel 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 Korbel deposit area showing: • Historical (2011/2012) cored dri
Slide 11: 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 Korbel deposit target area to guide the drilling. • In general, the magne=cs response is subtle with a gradient of only 150 nT in the Korbel t
Slide 12: Ground Resistivity Survey
Ground Resis:vity 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 13: 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 Korbel target area 4 dis=nct anomalies were delineated by the survey.
Slide 14: 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 15: Korbel Deposit Inferred Resource Estimate
Korbel Deposit Inferred Resource Es:mate 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
Slide 16: Korbel Deposit 3D Geophysical Modeling
Korbel 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 m
Slide 17: Korbel Deposit Area Interpretation
Korbel Deposit Area Interpreta:on (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 Korbel deposit area illustra=ng topography and the Resource model enveloped by the Chargeability anomaly. Fau
Slide 18: Gold Leach Recoveries Av. 76% at the Korbel Deposit
Gold Leach Recoveries Av. 76% at the Korbel Deposit (ASX: 30 December 2019) Recoveries For personal use only Excep=onal gold leach recoveries averaging 76% at the Korbel Gold Deposit. All ini=al metallurgical test-‐ Table 1. Summary of Results work results are consistent with Nova’s expecta=on that
Slide 19: Future Strategy and Objectives
Future Strategy and Objec:ves For personal use only Where Nova Is Going Nova is currently permipng 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 Korbel depos
Slide 20: 2020 drill program, Resource Growth & Development Pipeline
2020 drill program, Resource Growth & Development Pipeline Priori/sed systema/c explora/on strategy For personal use only Milestones -‐ Resource Drilling & Met Tes/ng Oct-‐19 Nov-‐19 Dec-‐19 Jan-‐20 Feb-‐20 Mar-‐20 Apr-‐20 May-‐20 Jun-‐20 Jul-‐20 Aug-‐20 Sep-‐20 Oct-‐20 Nov-‐20 Dec-‐
Slide 21: 2020 drill program and Resource Growth Pipeline
2020 drill program and Resource Growth Pipeline (ASX: 9 December 2019) For personal use only Nova Confirms Priority Targets for Drilling at the Estelle Gold Project to increase Resource Size and Confidence Estelle Gold Project Alaska 21
Slide 22: RPM Prospect
RPM Prospect RPM Prospect For personal use only Historical diamond drill hole SE12-‐008 From (m) To (m) Grade g/t Width SE12-‐008 completed in 2012 was re-‐sampled by Nova as part Intersec=on 4.27 180.78 0.79 177.39 of the 2019 field program. In Includes 26.00 146.40 1.02 120.40 the 2020 field seas
Slide 23: Korbel South Prospect
Korbel South Prospect (ASX: 03 December 2018) Chip sample sta=ons For personal use only 207646-‐207648 in general South “The Cathedral” Korbel map area, illustra=ng metallic values across three, ten meter chip sample sites (30 metre). The average grade of the sampled area is 1.17 g/t gold, 6,230 pp
Slide 24: Estelle land holding increased
Estelle land holding increased (ASX: 8 October, 2019) Nova expands Estelle Gold Project area by 86% to 220km2 For personal use only Addi=onal 101.65 km2 tenement secured adjoining the current Estelle Gold Project area in Tin=na Gold Belt, Alaska – This brings Nova’s total landholding in the region t
Slide 25: Capital Structure and shareholders
Capital Structure and shareholders 12 Month Share Price History For personal use only Capitalization Share&Price $0.047 12&Month&Range $0.0127&$0.071 Market&Cap&(undiluted) $48m Issued&Shares 1023.48m Listed&Options&(NVAO)&[OPTIONS&EXP&31/08/20&@&3.25&CENTS] 482.74m Unlisted&options&[EXP&19/09/2022&
Slide 26: Directors and Management
Directors and Management Avi Kimelman Christopher Gerteisen Execu>ve Chairman & CEO For personal use only Non–Execu>ve Director and Incoming CEO Avi Kimelman is the managing director and founder of Mr Gerteisen has over 20 years of experience as a professional Carraway Corporate, a corporate advisor
Slide 27: 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 28: Competent Person Statement
Competent Person Statement Mr Dale Schultz P.Geo., Principle of DjS Consul=ng, who is Nova groups Chief Geologist For personal use only and COO of Nova Minerals subsidiary Snow Lake Resources Ltd., compiled the technical informa=on in this presenta=on and is a member of the Associa=on of Professiona
Slide 29: For More Information contact
For personal use only For More Informa/on contact: Email: info@novaminerals.com.au Website: www.novaminerals.com.au