Nova Minerals Limited · ASX:NVA
Nova Minerals — Corporate Update (January 2025)
36 slides from Nova Minerals's corporate update, Jan 14, 2025
Slide 1: Estelle Project - Gold and Antimony in Alaska
Estelle Project - Gold and Antimony in Alaska __, Se Concurrently developing a tier one gold asset and Ne iN securing U.S. domestic antimony supply AER Ate Corporate Update 14 January 2025 * Antimony-Gold prospect | ASX: NVA | NASDAQ: NVA | FRA: QM3 IK Gold prospect www.novaminerals.com.au
Slide 2: Disclaimers
Disclaimers N@VA MINERALS Forward Looking Statements All statements in this presentation, other than those relating to historical facts, are “forward-lookii ” These f ‘d-looking statements may include, but are not limited to, statements relating to our objectives, plans, and strategies; statements t
Slide 3: Nova Minerals Investment Highlights
Nova Minerals Investment Highlights Estelle Project - A Dual Gold-Antimony Project in a Tier 1 Jurisdiction with Strong Upside Potential Neva District Scale Project with Dual Assets — Precious and Strategic Minerals (85% Owned) * Gold - 9.9 Moz JORC gold resource (5.2 Moz pit- constrained under S-K
Slide 4: Estelle Project - Gold and Antimony in Alaska
Estelle Project - Gold and Antimony in Alaska we . . —. ; N@VA District Scale 514km? with Gold and Antimony Assets within the One U.S. Project MINERALS IC Antimony-Gold prospect 4 Bi verifier y Gold area Estelle Antimony Assets 7 antimony-gold prospects FE Gold prospect High-grade surface samples up
Slide 5: Project - Precious and Strategic Minerals
Estelle Project - Precious and Strategic Minerals Macro-Economic Drivers - Right Place, Right Time, with the Right Commodities Gold - Precious Mineral Near All Time Highs ¢ Central bank purchases ¢ Inflation hedge ¢ Safe-haven demand * Gold is money MINERALS Antimony — Strategic with No U.S. Supply
Slide 6: Nova's Gold Assets
Nova’s Gold Assets Vision: To develop Estelle into a tier one globally significant gold producer
Slide 7: Gold Assets - Staged Development Options
Estelle Gold Assets - Staged Development Options Gan eV: 1. RPM Starter Mine with Regional EXBApSIOn 7 High-Grade Resource Starter Pit MINERALS Sh¥dow Shoeshine eek iscovery RPM Geological indications sho “=~ all3 areas are potentially RPM genetically. linked TNS South Potential Gold 2 | oo WD Proce
Slide 8: Gold Assets - RPM
Estelle Gold Assets - RPM N@VA High-Grade Core with Mineralization Extending from Surface and Remains Open MINERALS 1km RPM South r 0°93 . Ogit Au 38m @ 1.0 git Au from 130m RPMRC-24017 29m @7et1gitAw From surface Incl: 22m@ 9.4 g/t Au 3m @ 322 g/t Au 2m @ 52.7 git Au * 88 holes, ~21,000m,drilled to
Slide 9: Gold Assets - Staged Development Options
Estelle Gold Assets - Staged Development Options 2. Expanded Project — Korbel + RPM + Regional - Scalable with Decades of Potential Pipeline ‘x ~ Wombat Korbel Main and Gathedral 550m apart with ial \ tobe Sep encally SS ee \ ntial Gold ~»Processing Plant Scalable ~ : Multi-decade mine life Multiple
Slide 10: Gold Assets - Korbel
Estelle Gold Assets - Korbel N@VA Bulk Tonnage Gold with Low Strip Amenable to Large Scale Selective Mining MINERALS = * 214 holes, ~70,000m drilled to date SS Ur? * Low strip ratio 0.76:1 * 2.5km . * Mineralization from surface and remains wide open = KBDH-072 308m @ 0.7 git Au from surface Incl: 1
Slide 11: Nova's Antimony Assets
Nova’s Antimony Assets Vision: To concurrently develop Estelle’s antimony assets to help secure a U.S. domestic supply chain for antimony from mining to a refined product
Slide 12: Antimony Macros - Antimony Production
Antimony Macros = Antimony Production 2022 uses) oe 99% of the World’s Antimony Supply Comes from 7 Countries & China has Banned All Exports —inerats i$ . Russia 18% The U.S. currently does not have any domestic supply. U.S. critical minerals supply chain risk But Estelle can change this, and we hav
Slide 13: Estelle Antimony Assets - From Mining to Refined Product
Sa EE SaaS Estelle Antimony Assets - From Mining to Refined Product Fully Secured and Integrated U.S. Domestic Antimony Supply Chain Based in Alaska News Estelle Project se = : a8 ¢ ean eee outa Wy ‘ el = mines reclamations = ‘ : : q ? + West Susitnayaccess'Road: . “%, Comitencing gonstruction by <<
Slide 14: Antimony Assets - Stibium
Estelle Antimony Assets - Stibium High-Grade Gold & Antimony in Close Proximity to Korbel & the Camp High-gradevantimony coincident with"gold with 16 samples > 5 g/t Au and a high of 141 g/t Au and 12 samples > 30% Sb with a high of 60.5% Sb (Antimony) Surface sampling has identified an 800m long by
Slide 15: Estelle Antimony Assets - Stibium
ial Estelle Antimony Assets - Stibium Antimony Soil Heat Map with Proposed Pads for Resource Drilling in 2025 hea Stibium Proposed access road to Stibium als = Sb_ ppm ks Sb Sols - SB RPT" Gray) 5,000 + 250-500 500 - 750 750 - 1000 1000 - 5000 : @ Proposed Driling > 5000 > 5000 o="= tibium Access AS
Slide 16: Known Prospects Containing Antimony from Surface Sample Results
7 Known Prospects Containing Antimony from Surface Sample Results (High-Grade > 0.1% Sb) MINERALS 55 ot 96.5 gt Shoeshine Rocks - Sb_ppm 4 0-02 0.2-10 10- 100 100 - 500 500 - 1000 taser 1000 - 10000 127 gt 16009 696 gt 38200 ‘ASX Announcements 10 October, 16 & 20 November 2023, & 26 s20R February, 5
Slide 17: The Most Important Critical Mineral You have Never Heard Of
The Most Important Critical Mineral You have Never Heard Of MINERALS (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 ability to ha
Slide 18: To Date < 5% of the 514km² Property has been Explored
To Date < 5% of the 514km? Property has been Explored 35km long mineralized intrusive corridor Gold, and highly elevated concentrations of Silver, Copper, An Other Critical Minerals (CM) have also been discovered acrosé§ 6 exciting gold targets within close proximity to the proposed Estelle central
Slide 19: Regional Expansion Potential - Train
Estelle Regional Expansion Potential - Train Antimony and Other CM’s Goneielen pith High- -Grade Gold New 4 = AR 0.7% Sb * 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
Slide 20: Regional Expansion Potential - Trumpet
Estelle Regional Expansion Potential - Trumpet Further Hi h-Grade Antim PF Gia SPT ERG, 7 ony & ¢ Other CM, ores é wed Coincident with High-Grade Gold ee Rone uy = eS oa Ze Le. ; S "7. can er SSS. S- s ~ ee : EA “Rock Chi ; ve 6.2 gft Au, 429.g/t Ag, 8.7% C 12. eS ah Ae oh Agi tree ; sampling Au gt
Slide 21: Regional Expansion Potential - Shoeshine
Estelle Regional Expansion Potential - Shoeshine Abundant Antimony Enriched Style;Gold Mineralization : 7.2-g]t Aus0:39 NY 19.8 g/t Au 9.6 g/t Au, 941 g/t Ag, O-1%69S Fay 1,290.Q ofa, 591 dit Z 96.5 g/t Shoeshine [J g, 0.1% Sb MINERALS. Shoeshine Surface Sampling Results ° 10 rock samples > 5 g/t Au
Slide 22: Regional Expansion Potential - Muddy Creek
Estelle Regional Expansion Potential - Muddy Creek NOVA One of the Most Impressive Gold Anomalies on the Property MINERALS cL ae =? 4a - = —— : tock Chip ‘Sampling - Au g/t 12.9 g/t A 65.6 g/t A 51.8 g/t A 42.1 g/t A 46.2 g/t A 76.8 g/t A Muddy Creek Surface Sampling Results ° 24 rock samples > 10 g
Slide 23: Regional Expansion Potential - Stoney
Estelle Regional Expansion Potential - Stoney fe High= meee Gold, Silver, Copper, & paula erica Discovered MINERALS Bea as a te eer rp N oe a magsoney ll Tomahawk wet ‘eo — Wiss na } on TS \ Rock Chip Sampling - Au g/t Trundle © ya ‘ . = i f = > Stoney Area Surface Sampling Results * 6 rock samples
Slide 24: Proven & Robust Flowsheet
Estelle 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 ~ B Circuit Secondary | 3 J Crusher yeh <= Primary [ee Crusher gj Critical Minerals nol Flotation Circuit Extract
Slide 25: Alaska - Tier One Stable Mining Jurisdiction
Alaska - Tier 1 Stable Mining Jurisdiction Estelle - A District Scale Project in a Great Neighbourhood with a Long History of Mining Teck Resources + Red Dog Mine Zine President-elect Trump sent a video message three days after his election win this year vowing "to ensure Alaska can take advantage o
Slide 26: Infrastructure Solutions
Estelle Infrastructure Solutions Located on State of Alaska Public Lands Close to Anchorage nes Location Atencee * Located on State of Alaska public lands, 150km northwest of Anchorage Willow Airstrip Port Mackenzie“@ * “2 “anchorage * 35km long mineralized corridor on 514km? of State of Alaska Mini
Slide 27: A Path of Value Accretion Opportunities
A Path of Value Accretion Opportunities elses: F ‘ f i N@VA Significant Value Upside as the Project Continues to De-Risk MINERALS Feasibility Studies currently underway are considering a strategy to achieve production with a scalable operation, by: expected early cashflow, subject to DoD funding Res
Slide 28: Team with the Experience to get Estelle into Production
Team with the Experience to get Estelle into Production Christopher Gerteisen Executive Director & CEO Richard Beazley Non-Executive Chairman Louie Simens Executive Director Craig Bentley Director Finance & Compliance Avi Geller Non-Executive Director Hans Hoffman Head of Exploration Be Be Fe be Be
Slide 29: Creating Long-Term Value for All Stakeholders
Creating Long-Term Value for All Stakeholders Established a Social Licenee To Operate 2 Hire and Buy Alaskan - we strive to offer support through prioritising local employment and local procurement with our “Hire & Buy Alaskan” policy. @VA ‘MINERALS ty ‘Supporting >50 local businesses Sa * * =] >$50
Slide 30: Top Holders
Top 50 Holders - 64% Top 20 Holders - 53% Directors & Management - 7% Institutions - 20% (UBS 4.5%) Strategic - 10% Nebari Gold Fund - 12% J Shares on Issue’ NASDAQ Listed Warrants? (Exp 25/7/29 @ US$7.266) Unlisted Options (Exp 30/11/25 @ A$1.20) Unlisted Options (Exp 16/1/26 @ A$0.91) Performance
Slide 31: Project - 2025 Catalysts
Estelle Project — 2025 Catalysts Unlocking Gold and Antimony Value at Estelle in 2025 Nee ll Updated Mineral Resource Estimated (MRE) to both JORC & SK-1300 == Potentially secure U.S. Department of Defense funding for antimony supply ke Mine and infrastructure permitting — Internal roads for RPM, Ko
Slide 32: Nova's Value Drivers
Nova’s Value Drivers N@VA ‘MINERALS Favourable jurisdiction and.tenure - All on State of Alaska lands (No federal or native title land to contend with) Aspiring worldclass:gold and antimony producer — Favourable macros Experienced CEO and management team to get Estelle into production Very low disco
Slide 33: Follow Us
> Follow,Us \ ’ \ ‘ \ . Y \\ 4 \ ; Nova Minerals Limited \ “\a 3 95371238 E: info@novaminerals.com.au . \ W: ww.novaminerals.com.au y Main’Operations \ y Office FA Whiskey Bravo Airstrip \ Suite 5 ~ —_ Matanuska-Susitna Borough, 242 Hawthorn Road — ’ ‘Caulfield ly won 3-440, Victoria 3161 K 99645. .
Slide 34: 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 rants ||| Total Estelle Gold Project 14 4.1 0.18 243 0.3 2.54 244 0.3 2.72 231 03 245 476 O03 5.17 1. Amineral resource is defined as a concentration or occurrence of ma
Slide 35: 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 grades os Mineralization atsurface with lowgstrip ratios * Large tonnage moved, mg a large proportion of the material is ore, meaning less waste * Open pit | Sa truck
Slide 36: 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