Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (April 2023)
24 slides from Nova Minerals's investor presentation, Apr 11, 2023
Slide 1: Estelle Gold Project
Estelle Gold Project Developing North America’s next major gold trend in Alaska Global Mineral Resource Estimate (MRE) Update Focused on 2022 Infill Drilling 11 April 2023 ASX: NVA | OTCQB: NVAAF | FSE: QM3 www.novaminerals.com.au
Slide 2: Disclaimer
Disclaimer The information contained in this confidential document (“Presentation”) has been prepared by Neither this presentation nor any copy of it may be (a) taken or transmitted into the United Kingdom, Nova Minerals Limited (the “Company”). It has not been fully verified and is subject to mater
Slide 3: Corporate Snapshot and Share Distribution
Corporate Snapshot Share Distribution Share Price Market Capitalisation 2% 12% $0.465 $98.1m 52 week high $1.00, low $0.425 Shares on Issue Cash & Cash Equivalents 23% 210.9m ~45.3m 1 63% 1 ~ Cash $25m + Listed Investments: Snow Lake Resources 6.6m shares @ USD$1.94 @ USD 0.6752 Options = AUD$19.0m
Slide 4: In Just Years Since the Estelle Discoveries
In Just 4 Years Since the Estelle Discoveries Highlights Completed to Date Fact Sheet Estelle Gold Project – 35km long Over 80,000m drilled to date Location: Alaska, USA mineralized corridor with long term ~ USD$35m spent in local economy * Jurisdiction: Tier 1 opportunity and multiple large deposit
Slide 5: Estelle Flagship Gold Project
Estelle Flagship Gold Project KINROSS FORT KNOX 85% Ownership 11.0 Moz @ 0.3g/t CANADA FREEGOLD VENTURES ITH GOLDEN SUMMIT LIVENGOOD 3.0 Moz @ 0.69g/t 13.8 Moz @ 0.6g/t NORTHERN STAR ALASKA POGO 6.9 Moz @ 9.4g/t VICTORIA GOLD DUBLIN GULCH/EAGLE 4.7 Moz @ 0.63g/t TINTINA GOLD PROVINCE >220Moz Au docu
Slide 6: Tier Mining Region with Infrastructure Solutions in Place
Anchorage Tier 1 Mining Region with Infrastructure Solutions in Place Close to Anchorage, Alaska’s major city Beluga Power Plant (Electricity Source) Key: Proposed West Susitna Access Road Proposed West Susitna All Year Potential Power Transmission Line Access Road (Feed to State grid within the app
Slide 7: Multiple Mining Complexes Across the Single Project
with multiple mining complekos - 3 . across the single pre y : OOO NING AY { Wy ;? @® Potential Processing Plant ‘ a - ‘ 3: / deess:s* Proposed Haul Road - Proposed Access Road »-- Proposed West'Susitna Access Road 4km 6.6 Moz Au Total Resource ay Le Fo ne . Including &1 Moz Indicated Process 4 1 .
Slide 8: Global Mineral Resource Estimate (April 2023)
Estelle Gold Project Global Mineral Resource Estimate (April 2023) Increased Global MRE to 9.9 Moz, including a super high-grade zone of 180 Koz @ 4.1 g/t Au Measured Based on ~ 85,000m of RC and high-quality oriented diamond core drilling Increased resource classification to the higher measured and
Slide 9: Growing Gold Resource
Growing Gold Resource Well on the way to becoming a world-class, tier-one, global gold producer 2024 Drilling Targeting RPM & Potential New Resource at Train in 2023 2023 3.4 Moz (34%) 9.9 Moz 2021 3.0 Moz (31%) 9.6 Moz 2021 6.2 Moz 2021 4.7 Moz novaminerals.com.au 2020 3.3 Moz 2019 2.5 Moz Total Re
Slide 10: Updated MRE Supports a High-Grade Starter Pit at RPM
Updated MRE Supports a High-Grade Starter Pit at RPM Super high-grade core from surface as shown in the MRE model at RPM has the potential for a starter pit, which will be explored as part of the part of the upcoming Phase 2 Scoping Study currently under way High-grade starter pits from surface are
Slide 11: Updated MRE Supports Upcoming Phase 2 Scoping Study
Updated MRE Supports Upcoming Phase 2 Scoping Study Phase 2 Scoping Study due for completion in the April Quarter 2023 Phase 1 Scoping Study, constrained by the amount of Indicated Resources available from a single ore source at Korbel Main, showed a LOM production of 1.9 Moz Au based on the Decembe
Slide 12: 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$98m is a significant discount to the Phase 1 Scoping Study NPV of USD$381m (AUD$565m) Higher confidence M&I resource significantly de-risks the project Significant catalys
Slide 13: Estelle – The Carlin of the North
Estelle – The Carlin of the North - A Tale of Two Gold Trends Estelle Gold Trend Carlin Gold Trend 9.9 Moz Au and still growing 130 Moz Au with 84 Moz Au produced Gold Strike Mooja Korbel Main Deposit Leeville Betze Post 3.1 Moz Au Indicated 3.5 Moz Au Inferred Carlin Cathedral Deposit Carlin Proces
Slide 14: Significant Near Term Growth Potential
Significant Near Term Growth Potential RPM • Super high-grade core from surface as shown in the MRE model at RPM has the potential for a starter pit, which will be explored as part of the part of the upcoming Phase 2 Scoping Study currently under way • 2023 drill program focused on infill and expans
Slide 15: Nova's Value Drivers
Nova’s Value Drivers Tier 1 scale - Targeting world class deposits with multiple mining complexes across the single project Vision to become a world class global gold producer - Working to get Estelle into production as fast as possible Alaska tier one jurisdiction and tenure - On State land with no
Slide 16: Project Studies
Project Studies As a priority, Nova has already commenced the initial work to progress the trade-off study options and concepts to fast-track the Pre-Feasibility Study (PFS) which include, but are not limited to: • Establishing separate processing Plant at RPM for initial years and Korbel to come on
Slide 17: Proven & Robust Flowsheet
Proven & Robust Flowsheet Easy liberated gold with conventional off the shelf technology novaminerals.com.au 17 ASX Announcements 28 February 2022 & 10 August 2022
Slide 18: Similar Mining Haul Road Scenarios Proposed for RPM
Similar Mining Haul Road Scenarios Proposed for RPM Haul roads are used by the world’s largest and heaviest trucks and vehicles to transport bulk materials from mining sites in all terrain types to processing plants and other facilities. Properly designed, these roads reduce maintenance costs, incre
Slide 19: Fully Funded Strategic Plan for the Next 12 Months
Fully Funded Strategic Plan for the Next 12 Months Phase 2 Scoping Study (includes high-grade RPM) Shoeshine Resource drilling at the RPM & Train Shadow areas Train Trumpet 1.5 Km PFS Trade Off Studies, including: • Mining operating strategy (owner vs contractor operator vs hybrid) 7 Km • Plant loca
Slide 20: Long Term Growth Strategy
Long Term Growth Strategy Get Estelle into production as fast as possible with Nova becoming a tier 1 global gold producer to maximise shareholder value Resource Growth Increase mineral resource scale, confidence level and production target Economic & Production Environmental Ramp Up Studies Continu
Slide 21: Comparison to Peers
Comparison to Peers novaminerals.com.au 1 4 2 3 3 All data from publicly available information on the respective company websites 1 Market Caps calculated as SOI x SP as at 4 April 2023 as per TradingView.com. Canadian market caps converted using CAD$0.90 to AUD 2 All Mineral Resource Estimates incl
Slide 22: Thank You
Thank You Nova Minerals Limited T: +61 3 9537 1238 E: info@novaminerals.com.au W: www.novaminerals.com.au novaminerals.com.au Main Operations Office Whiskey Bravo Airstrip Suite 602 Matanuska-Susitna Borough, 566 St Kilda Road Alaska, USA Melbourne 1150 S Colony Way Suite 3-440, Victoria 3004 Palmer
Slide 23: Appendix 1: Ore Sorting
Appendix 1: Ore Sorting Discrete Korbel Main veins Ore sorting test work on drill core demonstrates great potential for less processing and increased mine production at Korbel Main Ore sorting results show up to 10x uplift from 588kg sample Ore sorting test work programmes conducted by TOMRA in Sydn
Slide 24: Appendix 2: Strategic Investments
Appendix 2: Strategic Investments Approx. AUD$20.3m value as of 5 April 2023 Snow Lake Resources Ltd, is engaged in lithium exploration at the Thompson Brothers Lithium Project, located in Manitoba, Canada, which comprises of a dominant 56 km2 position located on 6.6 million shares Crown land and en