Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (July 2024)
27 slides from Nova Minerals's investor presentation, Jul 30, 2024
Slide 1: Estelle Project
Estelle Project Developing North America’s next major gold trend in Alaska July 2024 Market Update 79 51 30 July 2024 ASX: NVA | NASDAQ: NVA, NVAWW | 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 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: Nova at a Glance....In Just 5 years
Nova at a Glance....In Just 5 years Gold and Critical Minerals Asset in Alaska with Significant Upside (85% Owned) Jurisdiction Multiple Resources • Alaska, USA • Large IRGS deposits • State of Alaska mining claims, • 5.2 Moz Au (Nova’s 85% interest 4.4 Moz Au) streamlined permitting process Korbel
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: 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 6: 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 330 Koz @ 2.4 g/t Au and a total resource of 1.13 Moz @ 0.7 g/t Au from Surface • RPM North • RPM Valley Geological indications show all 3 ar
Slide 7: 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 8: Korbel
Korbel Bulk Tonnage Gold 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 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 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 15: 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 16: 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 17: 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 18: 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 19: 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 20: 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 21: 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 22: A Path of Value Accretion Opportunities
A Path of Value Accretion Opportunities Significant Value Upside as the Project Continues to De-Risk Moving more resource to measured and indicated for the PFS – RPM drilling Resource growth & CM definition – Drilling RPM, Train, Trumpet, Shoeshine, Muddy Creek, Stibium Ongoing studies and test work
Slide 23: 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 Louie Simens Over 20 years’ ex
Slide 24: North American Peers
North American Peers All data from publicly available information on the respective company websites 1 Market Caps as of 5/20/24 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 include, Me
Slide 25: Nova Minerals Snapshot
Nova Minerals Snapshot (As of 26 May 2024 in USD unless noted) Share Price Market Capitalisation Estelle – A District Scale Project $0.16 $34M in a Great Neighbourhood 52 week high $0.28, low $0.14 Shares on Issue Kinross - Fort Knox Cash & Equivalents 11.0 Moz @ 0.3 g/t Au 215M ~$10M Cash AUD$4.5M
Slide 26: Nova's Value Drivers
Nova’s Value Drivers Favourable jurisdiction and tenure Aspiring Worldclass gold producer Experienced CEO and management team Very low discovery cost ~ US$5/oz Open pit, low strip ratio, bulk minable deposits Thick high-grade ore zones from surface Multi-element potential – Au, Ag, Cu, Sb, CM’s Sign
Slide 27: 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 2