Nova Minerals Limited · ASX:NVA
Nova Minerals — ThinkEquity Conference 2024
41 slides from Nova Minerals's conference presentation, Oct 28, 2024
Slide 1: ThinkEquity Conference Presentation (ASX Release)
ASX RELEASE 28 October 2024 ThinkEquity Conference Presentation Nova Minerals Limited (Nova or the Company) (ASX: NVA, NASDAQ: NVA, FRA: QM3) is pleased to advise that our team will be presenting at the ThinkEquity conference in New York, USA, on 30 October 2024. In addition to the conference attend
Slide 2: Forward-Looking Statements
words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved.” Forward-looking information is based on certain factors and assumptions management believes to be reasonable at the time such statements are made, inc
Slide 3: Estelle Project
Estelle Project Developing North America’s next major gold and critical minerals district in Alaska For personal use only ThinkEquity Conference 79 51 30 October 2024 ASX: NVA | NASDAQ: NVA | FRA: QM3 www.novaminerals.com.au Au Sb 47 Ag 29 Cu CM Critical Gold Antimony Silver Copper Minerals
Slide 4: Important Notices and Disclaimers
Important Notices and Disclaimers General This presentation has been prepared by Nova Minerals Ltd (ACN 006 690 348) (Company) based on information from its own- and Such factors include, among others, the actual market price of commodities, the actual results of future exploration, changes in third
Slide 5: Estelle – Gold & Critical Minerals Asset in Alaska
Estelle – Gold & Critical Minerals Asset in Alaska Differentiating Factor Grade and Scale – Development Optionality with Significant Upside (85% Owned) Jurisdiction Korbel Multiple Resources Bulk Tonnage Gold Alaska, USA Large IRGS deposits For personal use only • – Big, Low Strip, • • State of Alas
Slide 6: The Estelle Gold Project: A District Scale Project
The Estelle Gold Project A District Scale Project in a Great Neighbourhood ITH - Livengood For personal use only • 35km long mineralized corridor on 13.8 Moz @ 0.6 g/t Au 514km2 of State of Alaska Mining Kinross - Fort Knox Freegold Ventures 11.0 Moz @ 0.3 g/t Au Golden Summit claims 24.4 Moz @ 1.3
Slide 7: 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 Anchorage For personal use only • 514km2 of unpatented mining claims International Airport
Slide 8: Estelle Gold Project Prospects Map
Whiskey Bravo Key: Estelle Gold Project Airstrip & Camp Potential Antimony-Gold Processing Plant Resource Deposit Targeting world class deposits with Prospect – Resource Target multiple resource centers across the Prospect – Other single project. Over 20 potential Potential Processing Plant prospect
Slide 9: Estelle Staged Development Options
Estelle Staged Development Options Deferred Capital/Funding Early Production (Pending completion of studies) Whiskey Bravo camp & airstrip Potential Antimony-Gold Processing Plant For personal use only 3. Stand Alone Antimony-Gold Starter Mine • Quick start up, subject to DoD grant Stibium • Low CAP
Slide 10: 1. RPM Starter Mine
1. RPM Starter Mine High-Grade gold from surface For personal use only RPM Regional Target Potential Gold Processing Plant RPM North RPM South RPM Starter RPM Valley Pit Area 1km
Slide 11: RPM High-Grade Resource Starter Pit
RPM High-Grade Resource Starter Pit – From Surface and Remains Open Super high-grade Measured 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 Surface1 For personal use only • RPM North RPM South • RPM Valley G
Slide 12: 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 For personal use only mineralization < 50m depth to support the RPMRC-24016 39m @ 5.4 g/t Au From surface Incl: RPM starter mine 20m @ 10.2 g/t Au 2
Slide 13: 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 to from surface Incl: 287m @ 4.8 g/t Au From 3m Incl: 120m @ 5.0 g/t Au For personal use only date, most assayed for multi- 13
Slide 14: 2. Expanded Project – Korbel + RPM + Regional
For personal use only Korbel Main Pit 2. Expanded Project – Korbel + RPM + Regional Scalability - Large project for both gold and critical minerals with a pipeline spanning decades of potential production from over 20 known prospects
Slide 15: Korbel Bulk Tonnage Gold
Korbel Bulk Tonnage Gold – Big, Low Strip, Large Selective Mining Potential, Low Unit Cost, Open Pit 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 For personal use only feeder system1 • Korbel Main 550m apart with the potential to be 0.5
Slide 16: Korbel Bulk Tonnage Gold with Thick Intercepts
Korbel Bulk Tonnage Gold with Thick Intercepts from Surface • 214 holes, ~70,000m drilled to date For personal use only • 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 potentia
Slide 17: 3. Stand Alone Antimony-Gold Starter Mine
High-Grade Antimony & Gold For personal use only Samples 3. Stand Alone Antimony-Gold Starter Mine High-Grade Antimony-Gold from surface samples Potential Antimony-Gold Processing Plant
Slide 18: 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) For personal use only • 2m wide surface outcropping containing stibnite with over 30m in strike le
Slide 19: Antimony and Other Critical Minerals at Estelle
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 For personal use only • China rec
Slide 20: Antimony at Estelle
Antimony at Estelle Many Surface Samples Discovered > 0.1% Sb (>0.1% Sb considered high-grade) Shoeshine For personal use only Stibium Train Stibium Stoney Shoeshine Train Stoney T5 Trumpet Trumpet T5 Styx Styx
Slide 21: Significant Exploration Upside Potential
Significant Exploration Upside Potential To Date < 5% of the 514km2 Property has been Explored Nova’s Low- 35km long mineralized intrusive corridor Cost For personal use only Gold, and highly elevated concentrations of Silver, Copper, Antimony and Pathfinder Approach to Other Critical Minerals (CM)
Slide 22: Train
Train Antimony and Other CM’s Coincident with High-Grade Gold N For personal use only 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 1.5km ASX A
Slide 23: Trumpet
Trumpet Further High-Grade Antimony & Other CM, Copper, & Silver Coincident with High-Grade Gold N For personal use only 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 (Ant
Slide 24: Shoeshine
Shoeshine Abundant Antimony Enriched Style Gold Mineralization N For personal use only 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 >
Slide 25: Muddy Creek
Muddy Creek One of the Most Impressive Gold Anomalies on the Property For personal use only 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
Slide 26: Stoney
Stoney High-Grade Gold, Silver, Copper, & Antimony Anomalies Discovered For personal use only 2.5km N 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%
Slide 27: Estelle – Gold & Critical Minerals: Right Place, Right Time
Estelle – Gold & Critical Minerals Right Place, Right Time, With the Right Commodities Gold Spot Price Antimony Spot Price For personal use only US$2,650 oz* US$25,000 mt* *Source: https://www.metalsdaily.com/live-prices/gold/ 25/9/24 *Source: https://www.metal.com/Antimony/202005060001 25/9/24
Slide 28: 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 For personal use only
Slide 29: Antimony Uses (USGS)
Antimony Uses (USGS) The Most Important Critical Mineral You have Never Heard Of (Munitions, night vision goggles, Key properties - heat (Smart phone screens, camera explosives, communication For personal use only and flame resistance, lenses, binoculars, energy equipment) efficient windows) anti-co
Slide 30: World Antimony Production 2022 (USGS)
World Antimony Production 2022 (USGS) 99% of the World’s Antimony Supply Comes from 7 Countries For personal use only Russia 18% Tajikistan 16% Turkey 1% China 54% The US currently Myanmar 4% does not have any domestic supply. US critical minerals supply chain risk Bolivia 2% Australia 4% But Estell
Slide 31: 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 For personal use only Key: Current flow sheet from the scoping study Conceptual additions to the flow sheet currently being teste
Slide 32: A Path of Value Accretion Opportunities
A Path of Value Accretion Opportunities Significant Value Upside as the Project Continues to De-Risk 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
Slide 33: 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 For personal use only Richard
Slide 34: North American Peers
North American Peers For personal use only Alaska State Governor Mike Dunleavy on the RPM drill pad in August 2023 All data from publicly available information on the respective company websites 1. Market Caps as of 24 October 2024 2. Canadian market caps converted using CAD$0.72 to USD and AUD mark
Slide 35: Nova Minerals Snapshot
Nova Minerals Snapshot (As of 24 October 2024 in USD unless noted) Share Price Market Capitalization NVA – NASDAQ (Daily) NASDAQ ADS* $10.78 $46M ($70M ) For personal use only AUD NASDAQ Warrants $ 3.00 ASX Shares $ 0.26 (AUD) Market Capitalization/Resource oz $9 Shares on Issue Cash & Equivalents 2
Slide 36: Nova's Value Drivers
Nova’s Value Drivers Favourable jurisdiction and tenure - All on State of Alaska lands (No federal or native titles) For personal use only Aspiring Worldclass gold producer Experienced CEO and management team Very low discovery cost ~ US$5/oz or 58oz added for every metre drilled Open pit, low strip
Slide 37: Follow Us
Follow Us For personal use only 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
Slide 38: Appendix 1: Mineral Resource Estimates (MRE)
Appendix 1: Mineral Resource Estimates (MRE) JORC Compliant Global MRE • High confidence, conservative Global MRE 9.9 Moz – April 2023 • Currently excludes ~7,600 of drilling undertaken in the 2nd half of 2023 and in 2024 For personal use only • Includes a super high-grade zone of 180 Koz @ 4.1 g/t
Slide 39: 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 For personal use only 1. A mineral resource is defined as a concentration or occurrence of material of economic interest in or on the Earth’s crust in such form, grade o
Slide 40: Appendix 2: Characteristics of Bulk Tonnage Mines
Appendix 2: Characteristics of Bulk Tonnage Mines Geology and Geometry Come First • Thick drill intercepts > 100m, and often at lower average grades • Mineralization at surface with low strip ratios For personal use only • Large tonnage moved, but a large proportion of the material is ore, meaning l
Slide 41: 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 For personal use only • The sensor data is quickly analyzed allowing individual