Nova Minerals Limited · ASX:NVA
Nova Minerals — Shareholder Meeting (November 2024)
38 slides from Nova Minerals's shareholder meeting presentation, Nov 14, 2024
Slide 1: Estelle Project
i Estelle Project Developing North America’s next gold and critical minerals district | hwy, SOAS 4 ™ a ey WY Se, . 2024 Annual General Meetin on ae ‘ at 44. November 2024 ‘SX: NVA | NASDAQ: NVA | FRA: QM3 ee .novaminerals.com.au
Slide 2: Disclaimers
Disclaimers Forward Looking Statements All statements in this presentation, other than those relating to historical facts, are “forward-lookii ” These forward-looking statements may include, but are not limited to, statements relating to our objectives, plans, and strategies; statements that contain
Slide 3: Alaska, USA
Alaska, USA State of Alaska mining claims, streamlined permitting process — Big, Low Strip, Large Selective Mining Potential, Low Unit Cost, Open Pit 514km? of State of Alaska a 35km long mineralized corridor \ cea —- “Open pit Low strip ratio | Feasibility studies commenced 80-person camp 4,000ft a
Slide 4: The Estelle Gold Project
The Estelle Gold Project A District Scale Project in a Great Neighbourhood ° 35km long mineralized corridor on 514km¢? of State of Alaska Mining claims ° 24 largest gold producing State in USA ° State has designated primary surface use for mineral development ° Alaska has a well-defined permitting p
Slide 5: Alaska - Tier 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™@ = “2 “anchorage ee *° 514km? of unpatented mining claims "on : pee * Alaska has a stream
Slide 6: Estelle Gold Project
fe ms a os * Whiskey Bravo ~ . - Key: Estelle Gold Project Artin cam MiB puerta snino.cos O Resource Deposit Targeting world class deposits with ee hn @ Prospect - Resource Target multiple resource centers across the pans ~~, Prospect - Other single project. Over 20 potential prospects being progres
Slide 7: Development strategy: deferred capital and expanded project
Deferred Capital/Funding Early erotenen (Pending completion esis) Whiskey Bravo camp &aisirp ( \Potential Antimony-Gola Processing Plant i, Stand Alone Antimony-Gold Starter Mine oS pe ah subject to DoD grant . , . bs ate oe k permitting Ske ‘ . 5 BD cagew pote ¥ ~ — Fines ~ bt Cts Expanded Project
Slide 8: High-Grade gold from surface
a y) High-Grade gold from surface Shoeshine eek iscovery re i x RPM Ign 41. RPM Starter Mine Shdow Potential Gold Processing Plant ~~
Slide 9: RPM Starter Pit
RPM ST { High-Grade Resource Starter Pit - From Surface and Remains Open ie Super high-grade Measured core of 180 Koz @ 4.1yg/t Au within a wider high- grade M&l-Coré of 330 Koz @ 2.4 g/t Au and a total resource of 1.13'Moz @ 0:7 g/t Au from Surfagam a aS ~ ~ zs < ase ° RPM North 9 * RPM Valley eos,
Slide 10: RPM Exploration — 2024 Drill Results
RPM Exploration — 2024 Drill Results” Thick High-Grade Gold Drill Intercepts Extending Mineralization to Surface 2024 drilling focused on near surface RPM North mineralization < 50m depth to support the RPM starter mine RPMRC-24016 39m @ 5.4 g/t Au — From surface Incl: re 20m @ 10.2 g/t Au > 12m @ 1
Slide 11: RPM Drilling — Pre 2024 Results
RPM Drilling — Pre 2024 Results World Class Thick High-Grade Gold Drill Intercepts RPM-005 400m @ 3.5 g/t Au RPM-057 211m @ 3.2 g/t Au = RPM South * 67 holes, ~20,000m drilled toy | reese, ‘20m @ 508 Au > j= ¥ 132m @ 10.1 git Au 79m @ 7.4 git Au date, most assayed for multi- | jane or on ean at elem
Slide 12: Expanded Projects Korbel + RPM + Regional
hs Trunille i) K @) e | stoney Regional Targets [<> \ lprbel Potential ; : E\. ee. g ©) ao r ie > “SF Yo WE Ve Seb SS BN icints a. Ny Ss a € 3 Portage PassvK | is 4 ~—— Isab ‘aD C >: ie " \ < R , 3 i Swe: Korbel Valley Regional Tarai " . [EER s @ ae “ 2. Expanded Projects Korbel + RPM + Regional Sca
Slide 13: Korbel
Korbel Bulk Tonnage Gold — Big, Low Strip, Large Selective Mining Potential, Low Unit Cost, O PES 4:05 Moz @ 0.3 g/t Au, Includingy2.39 Moz @ 0:3 git Au a Indicated from surface, with ~1. Mo. 1a high- grade posed Estelle central pr plant feeder systemly | 2 Korbel, Main 50m apart with the potential
Slide 14: Korbel
Korbel Bulk Tonnage Gold with Thick Intercepts from Surface — os —z 4 holes, ~7| KBDH-072 308m @ 0.7 gft Au from surface Inc! 113m @ 1.0 g/t Au 49m @ 1.5 g/t Au 21m @ 2.5 git Au 30m @ 2.4 g/t Au Koro! roi a Plant KorbelvouBéedt wie Bepostt ers | Blocks 80 KBDH-081 277m @ 0.5 git Au im Incl: % ‘ CTDD
Slide 15: Stibium
Stibium ao z ‘Samples Proposed access road to Korbel 3. Stand Alone Antimony-Gold Start High-Grade Antimony-Gold from surface samples Whiskey Bravo Airstrip. & Camp
Slide 16: Stibium
Stibium High-Grade Gold & Antimony in Close Proximity to Korbel & the Camp Q rbel aT 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 * Nova
Slide 17: 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 element — Stibnite is the only commercially mined source for antimony and its coincident with gold at Estelle China recently announced it is limi
Slide 18: Many Surface Samples Discovered > 0.1% Sb
Many Surface Samples Discovered > 0.1% Sb (0.1% sb considered high-grade) Rocks - Sb_ppm 4 0-0.2 0.2- 10 10 - 100 100 - 500 * 500 - 1000 4 1000 - 10000 10000 - 605000 Soils - Sb_ppm 500 - 38200 Trumpet
Slide 19: 35km long mineralized intrusive corridor
35km long mineralized intrusive corridor Gold, and highly elevated concentrations of Silver, Copper, Ani Other Critical Minerals (CM) have also been discovered acrosé§ 6 exciting gold targets within close proximity to the proposed Estelle central High-grade rock chips samples up to 114 g/t Au discov
Slide 20: Train
Train Antimony and Other CM’s Coincident with High-Grade Gold — a << WSs = a va 21.69/t Au,01%Sb = “Q = Surface Sampling | Au g/t [i 1.0-50Au 25.2 g/t Au, 0.1% Sb - 10.0 Au eS 184 g/t Ag, 0.7% C Train eet, * 32 rock samples > 5 g u with a high of 80.2 g/t Au * 31 soil samples > 0.5 g/t Au with a hig
Slide 21: Trumpet
Trumpet Further High-Grade Antimony & Other CM, Copper, & Silver Coincident with High-Grade Gold po BEB: aN zo seas a : ae 2 Sey SS a Zy Rock Chip 12.7 g/t Au, 279 g/t Ag, 6.7% Cu, 0.1% Sb 2 — Sampling - Au gt (= VY f [Hlo-o2au 02-05 Au 13.2 g/t Au, 0.1% Sb _ ae a < z 6.2 git Au, 429-g/t Ag, 6.7% C
Slide 22: Shoeshine
Shoeshine be Abundant Antimony Enriched Style Gold Mineralization = .7.2.9]t Au,20.3% nt 19.8 g/t Au 9.6 git Au, 941 gjt Ag, Oi Shoeshine Surface Sampling Results ye 7 04 & 10 rock samples > 5 g/t Au with a % Cu, 0.9% S ‘property high of 1,290.0 g/t Au Rock Chip aw * 18 soil samples > 0.5 g/t Au wit
Slide 23: Muddy Creek
Muddy Creek One of the Most Impressive Gold Anomalies on the ee Rock Chip Sampling - Au g/t 65.6 g/t A 51.8 g/t A 42.1 g/t A Muddy Greek 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 len
Slide 24: Stoney
Stoney High-Grade Gold, Silver, Copper, & Antimony Anomalies Discovere: SASo on Womb. ook | AL Jue!” romeo 12 qt AuGOWeU X fj \\ eee _ “~ Stoney ite Rainy Bey Tomahawk = _ ~ ~ : A 82 gt Au, 4.1% Zz ‘Au, 10.2% Cu _ AU; 1.2% Cu, 0.3% Sb git se 0 i Rock Chip Sampling - Au g/t 7 Trundle os Stoney Area S
Slide 25: Estelle — Gold & Critical Minerals
Estelle — Gold & Critical Minerals : Right Place, Right Time, With the Right Commodities Gold Spot Price Antimony Spot Price US$2;560 oz* US$24,450 mt* “Source: i i 1411112024 es ©. “Sour Ces metal. i 105060001 14/11/2024
Slide 26: Multi-Element Potential at Estelle
Multi-Element Potential at Estelle Gold, Antimony, and Other High-Grade Minerals Also Discovered on Estelle could potentially help the US secure its CM supply chain Estelle |Top Prospects at Estelle where Highly Maximum | Elevated Concentrations have been Element (epmy* Discovered to Date China/ Rus
Slide 27: Antimony Uses
Antimony Uses uses) 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 abilit
Slide 28: World Antimony Production 2022
World Antimony Production 2022 (uses), 99% of the World’s Antimony Supply Comes from 7 Countries ied A 4 hd Oh ae Pus Russia 18% The US currently does not have any domestic supply. US critical minerals supply chain risk But Estelle can change this, and we have already built strong relationships with
Slide 29: Proven & Robust Flowsheet
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 Milling —_ Circuit Secondary f _— ' Primary ~ Grushot a Critical Minerals Flotation Circuit Extraction Plant (95.4% Recovery) Int
Slide 30: Feasibility Studies currently underway
Feasibility Studies currently underway is considering a strategy to achieve production with a scalable operation, by: ° — Establishing an initial low CAPEX smaller scale operation at the high-grade RPM deposit requiring less infrastructure for expected early cashflow, and high margins, to potentiall
Slide 31: Team with the Experience to get Estelle into Production
Team with the Experience to get Estelle into Production p Be Be Pa ro be Be te Fe 2 Christopher Gerteisen Over 30 years’ experience managing and advancing resource projects from green fields, through development Executive Director & CEO Richard Beazley Non-Executive Chairman Louie Simens Executive D
Slide 32: North American Peers
North American Peers | NEWFOUND Dy Nena GOLD CORP Vv VA VA Ni43-101 Technical Report irene ee eeieetie ara Aonsureerc Vv Sf tectaagreeinowettoa fetes tine (476m @ 0.3 Au) ‘Bim @ 125git Au) x is 135mi*: 1.740mi* Yukon claim tennements over 7 District Seale 57 arise eee eae / pees treed J Sr roms 4 Al
Slide 33: Capital structure and share price
NASDAQ ADS* $7.55 NASDAQ Warrants $2.15 $36M Market Capitalization/Resource oz $7 \_ ASX Shares $0.205 (aun) . - * “Includes 660k ADS’s $ 272M where 1 ADS = 60 on 5.9M Shares | stovcmeyass sang sigma ™ ~ 23.6M options various prices & expiry dates 455k Warrants to purchase 1 ADS at $7.266 | expiring
Slide 34: Nova's Value Drivers
Nova’s Value Drivers Favourable jurisdiction and*tenure - All on State of Alaska i lands (No federal or native titles) Aspiring Worldclass gold producer Experienced CEO and management team Very low discovery cost ~ US$5/oz or 580z added for every metre drilled Open pit, low strip ratio, bulk minable
Slide 35: Follow Us
_ Follow Us — ae \ , > \~ > W x | \ \ » i iN \ Nova Minerals Limited \ . ‘ 4 a p 146 3 95371238 . z E: info@novaminerals.com.au ‘ y \ W: www.no' mie fala. comet 7° ‘ is \ “ ‘ Main Operations ’ Office Vis oa Whiskey Bravo Airstrip 5 Suite 5 Y te = Matanuska-Susitna Borough, 242 Hawthorn Road —= Alas!
Slide 36: Appendix 1: Mineral Resource Estimates (MRE)
Appendix 1: Mineral Resource Estimates (MRE) JORC and S-K 1300 Compliant Economic Pit Constrained MRE for the Estelle Gold Project rons ||| Total Estelle Gold Project 14 41 0.18 243 (0.3 2.54 244 0.3 hig) 231 03 #245 476 O3 5.17 1. Amineral resource is defined as a concentration or occurrence of mat
Slide 37: Appendix 2: Characteristics of Bulk Tonnage Gold
Appendix 2: Characteristics of Bulk Tonn Geology and Geometry Come First ° Thick drill intercepts > 400m: and often at lower average ie orates ae Mineralization atsurface with lowgstrip ratios * Large tonnage moved, but a large proportion of the material i is ore, meaning less waste me Srventional t
Slide 38: 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 The sensor data is quickly analyzed allowing individual.particles to be sorted wit