Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (December 2025)
36 slides from Nova Minerals's investor presentation, Dec 8, 2025
Slide 1: Investor Presentation
N@vA “Se Investor KES \. _ . Ne a ‘ oe. ASX: NVA | NASDAQ: NVA www.novaminerals.com.au
Slide 2: Disclaimer
| Disclaimer NevA MINERALS Forward Looking Statements All statements in this presentation, other than those relating to historical facts, are “fc ‘d-looking "These forward-lookii may include, but are not limited to, statements relating to our objectives, plans, and strategies; that contain ions of r
Slide 3: Overview of Nova Minerals
Overview of Nova Minerals Rapidly advancing world class U.S. gold and antimony assets towards production MINERALS Antimony Gold Fully-funded to establish a United One of the world’s largest States (“U.S.”) domestic antimony S\BaMs(i undeveloped gold deposits in a supply chain by late 2026/2027 WA Ge
Slide 4: Corporate Overview
Corporate Overview As of 4 December 2025, in USD unless noted Ne@VA MINERALS Capital Structure Share Structure 5% Board and Shares on Issue! 414,174,317 Management Top 20 66% NASDAQ Listed Warrants? (various exercise/expiry) 176,576 0 Balance of 29% Top 50 Unlisted Options (Exp 16/1/26 @ A$0.91) 1,7
Slide 5: District-Scale, Long Life Gold and Antimony Project
District-Scale, Long Life Gold and Antimony Project 514km? with gold and antimony assets within the one U.S. project MINERALS Antimony-Gold prospect Priority Antimony-Gold area Gold prospect ox Nom ) Priority Gold area 7 d =n we ~ * 35km long mineralised tren = ~ % \ ‘ DECEMBER 2025 5
Slide 6: Located in Mining-Friendly Alaska
Located in Mining-Friendly Alaska All on state lands with streamlined permitting fl Regulatory advantage — 514kmé of State of Alaska claims BB No federal or native title claims on tenements ae Alaska has a long history of mining with a streamlined permitting process Estelle is fully permitted for ex
Slide 7: Provides a Unique Exposure to Dual Commodities — Gold and Antimony
Provides a Unique Exposure to Dual Commodities — Gold and Antimony Gold - Precious mineral near all time highs “Safe haven’ in times of elevated geopolitical risk Central bank gold purchases have increased significantly Effective hedge against Classified as a Tier 1 asset inflation under Basel III r
Slide 8: Experienced Leadership Team in Place to Deliver Estelle into Production
Experienced Leadership Team in Place to Deliver Estelle into Production Experienced management who have collectively personally invested over US$5M and who are committed and aligned to ensure Nova fulfils its vision of getting Estelle into production as soon as possible. Richard Beazley Non-Executiv
Slide 9: Estelle Project
| Estelle Project
Slide 10: Estelle’s Antimony Assets
Estelle’s Antimony Assets Fully-funded to establish a U.S. domestic antimony supply chain by late 2026/2027 MINERALS Key Highlights © Artimony-Gold prospect Priority Ant i 7 Antimony-gold prospects ee Up to 60.5% Sb Surface outcropping, with 20+ samples > 20% Sb US$43.4M 1 of 2 projects in the U.S.
Slide 11: Key Antimony Prospects
Key Antimony Prospects High-grade antimony and gold Styx High-grade antimony and gold with 5 samples > 1 g/t Au up to 9.8 g/t Au 9 samples > 1% Sb up to 54.1% Sb The main Styx occurrence is a >11m thick quartz-stibnite vein (up to 50% stibnite) with excellent outcrop exposure over 20m Ore sorting -
Slide 12: Refinery Land Secured
Refinery Land Secured Sole emerging fully integrated antimony producer with land secured in an industrial zone MINERALS 42.81 acres secured for downstream refinery with land permitted for a commercial operation of a U.S. Critical Minerals Production Hub Feasibility and environmental studies to comme
Slide 13: Antimony Project Phase Key Milestones
Antimony Project Phase 1 Key Milestones US$43.4M is one of the largest recent U.S. government awards to secure domestic critical minerals supply Primary focus to produce military-spec antimony Completed US$43.4M U.S. Dept of War award Commence resource definition drilling Commence surface antimony o
Slide 14: Antimony Project Phase Scale Up
Antimony Project Phase 2 Scale Up Proposed fully secured and integrated U.S. domestic antimony supply chain based in Alaska MINERALS Ongoing discussions with U.S. government agencies for Phase 2 DECEMBER 2025 14
Slide 15: High Level Conceptual Antimony Flowsheet
High Level Conceptual Antimony Flowsheet Process flowsheet developed for high recovery, high purity antimony N@VA MINERALS ae La Circuit } _ & | High Grade Gold, Low ‘Grade Antimony. Separation ‘Stockpile S| Se = Screener Trisulfide Ore Sorter | Stibnite ee Fotaion > a Leach Precipitation High Grade
Slide 16: Estelle’s Gold Assets
Estelle’s Gold Assets One of the world’s largest undeveloped gold deposits in a tier-1 jurisdiction Key Highlights 4 Large gold deposits 9.9Moz JORC' Resource 5.2Moz S-K1300' Pit constrained resource 20+ Prospects 1,290 g/t Au High-grade surface samples MINERALS @ Gold prospect Priority Gold area Co
Slide 17: Estelle Gold Staged Development Options
N@VA MINERALS all 3 areas are potentially 8 genetically linked Estelle Gold Staged Development Options 1. RPM starter mine.with, regional expansion — High-grade.resource starter pit Geological indications show - Potential Gold 3 GBB Processing Piant ~~ = . . : eas a u * tkm P. . - i DECEMBER 2025 17
Slide 18: RPM
RPM High-grade core with mineralization extending from surface and rema RPMRC-24017 29m @7.1 git Au 4 RPM-005 400m @ 3.5 g/t Au from surface Inc! 287m @ 4.8 g/t Au 132m @ 10.1 g/t Au 86m @ 14.1 git Au Open RPM-022 193m @ 3.9 g/t Au From 4m Incl 67m @ 10.4 g/t Au 43m @ 15.8 g/t Au 34m @ 19.4 g/t Au R
Slide 19: RPM Regional Upside
RPM Regional Upside Glacial debris lobe averaging 1.1 g/t Au over 1:7km in tillsamples _ N@VA = : oa . MINERALS
Slide 20: Estelle Gold Assets Staged Development Options
Estelle Gold Assets Staged Development Options : 2. Expanded project — Korbel + RPM + Regional - Scalable with decades of potential pipeline N@VA , MINERALS Korbel Main and Cathedral a 550m apart with the potential —_— to be genetically linked >... cod Processing Plant | p = 1s. Bic 2 C Sweet Jénny
Slide 21: Bulk tonnage gold with low strip amenable to large scale selective mining
Bulk tonnage gold with low strip amenable to large scale selective mining 4.05 Moz @ 0.3 g/t Au, Including 2.39 Moz @ 0.3 g/t Au Indicated from surface, with a higher-grade Sources: ASX Announcements 19 August 2020, 1 December 2020, 6 June 2021, 19 July 2021, 7 October 2021, 23 December 2021, & 28 F
Slide 22: Estelle Regional Expansion Potential
Estelle Regional Expansion Potential > 20 Prospects 0 Date < 5% of the 514km? property has been explored 35km long mineralized intrusive corridor Gold, and highly elevated concentrations of Silver, Copper, Antimony and Other Critical Minerals have also been discovered across the project 7 exciting g
Slide 23: Proven and Robust Gold Flowsheet
Proven and Robust Gold Flowsheet Simple metallurgy for easy gold liberation - a big cost differentiator; further improvements are being tested Secondary Samy Crusher Primary Crusher Agglomeration Plant ’ ty Screener Te ! co I I Medium | te Ore Grade 1 E GradeY sorter | High 11 > | Grade I High YL Gr
Slide 24: Conceptual Timeline to Gold Production
Conceptual Timeline to Gold Production Significant value upside as the project continues to de-risk N@VA MINERALS 2025 2026 2027 2028 Scoping study - Completed May 2023 S-K 1300 Initial Assessment Technica Summary —- Completed January 2024 Estelle Gold Assets Feasibility Studies Permitting and Finan
Slide 25: Leading North American Gold and Antimony Developer
Leading North American Gold and Antimony Developer Corporate Strong dual commodity exposure Favourable jurisdiction and tenure — all on state land Gold Building a world-class gold project ina tier-one jurisdiction Large-scale, long-life resource with strong development fundamentals Antinomy First mo
Slide 26: Thank You
N@VA MINERALS Thank You Nova Minerals Limited T +613 9537 1238 E info@novaminerals.com.au W www.novaminerals.com.au NASDAQ: NVA | ASX: NVA Main Operations Whiskey Bravo Airstrip Matanuska-Susitna Borough, Alaska, USA 1150 S Colony Way Suite 3-440, Palmer, AK 99645 Office Suite 5 242 Hawthorn Road Ca
Slide 27: Appendix A: Antimony Overview
Appendix A: Antimony Overview
Slide 28: Antimony macros
Antimony macros Estelle’s antimony will help address specific vulnerabilities in the U.S. supply chain The Estelle project represents the first fully domestic antimony supply chain in decades, reducing U.S. vulnerability to supply disruptions Factor Current Status NevA MINERALS Projected Impact of E
Slide 29: Antimony Uses (USGS)
Antimony Uses (USGS) The most important critical mineral you have never heard of N@VA MINERALS Key Properties 16% 5 Chemicals 12% ; Paints, plastics, Ceramic & Glass Heat and flame resistance echeshes, eae ‘Smart phone screens camera lenses, binoculars, Anti-corrosion energy efficient windows Abilit
Slide 30: Appendix B: Corporate Overview
Appendix B: Corporate Overview
Slide 31: Estelle Infrastructure Solutions
Estelle Infrastructure Solutions Located on State of Alaska public lands close to Anc' State of Alaska public lands, 150km northwest of Anchorage 35km long mineralized corridor on 514km2 of State of Alaska Mining claims Alaska has a streamlined permitting process Fully permitted for exploration 80 p
Slide 32: Technical Team
Technical Team Industry-leading team of over 50 consultants powering Estelle’s path to production N@VA MINERALS Hans Hoffman General Manager ROUGH STOCK MINING SERVICES Mine Engineering Gd Japbe NorrH. uc Environmental & Permitting Professional Geologist with 20 years experience developing, conducti
Slide 33: Technical Team
Technical Team Industry-leading team of over 50 consultants powering Estelle’s path to production Metallurgy Processing )- RESTORATION Sf See prec te Environmental Studies N@VA MINERALS ABRE Environmental Studies METS Engineering has over 30 years of experience providing specialist engineering servi
Slide 34: Creating Long-Term Value for Communities
Creating Long-Term Value fo Established a Social Licence To Operate We strive to offer support through prioritising local employment and local procurement with our “Hire & Buy Alaskan” policy. Nova has established strong, collaborative, and respectful working relationships with the communities adjac
Slide 35: Appendix C: Mineral Resource Estimate
Appendix C: Mineral Resource Estimate
Slide 36: Mineral Resource Estimate
| Mineral Resource Estimate rom N@VA JORC Compliant Global MRE (April 2023) MINERALS Tonnes Grade Moz Tonnes Grade Moz Tonnes Grade Moz Tonnes Grade Moz Mt g/tAu Au Mt g/tAu Au Mt g/tAu Au Mt g/tAu Au RPM North 0.20 1 41 0.18 3 1.5 0.16 26 06 0.48 31 0.8 0.82 RPM South 0.20 31 0.4 0.42 31 0.4 0.42 T
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