Nova Minerals Limited · ASX:NVA
Nova Minerals — Investor Presentation (September 2024)
37 slides from Nova Minerals's investor presentation, Sep 26, 2024
Slide 1: Estelle Project – September 2024 Update
Estelle Project Developing North America’s next major gold and critical minerals district in Alaska September 2024 Update 79 51 26 September 2024 ASX: NVA | NASDAQ: NVA | FRA: QM3 www.novaminerals.com.au Au Sb 47 Ag Silver 29 Cu CM Critical Gold Antimony Copper Minerals
Slide 2: 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 3: 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 – Big, Low Strip, Large IRGS deposits • State of Alaska mining claims, Larg
Slide 4: Alaska - Tier 1 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 • 513km2 of unpatented mining claims International • Alaska has a streamlined pe
Slide 5: Estelle Gold Project
Key: Estelle Gold Project Whiskey Bravo Resource Deposit Airstrip & Camp Targeting world class deposits with Prospect – Resource Target multiple resource centers across the Prospect – Other single project. Over 20 potential Potential Processing Plant prospects being progressively Proposed Haul Road
Slide 6: Estelle Staged Development Options
Estelle Staged Development Options Deferred Capital/Funding Early Production (Pending completion of studies) Whiskey Bravo camp & airstrip Potential Processing Plant 3. Stand Alone Antimony-Gold Starter Mine • Potential quick start up, subject to MRE • Low CAPEX 1. RPM Starter Mine Stibium • Small f
Slide 7: 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 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 8: 1. RPM Starter Mine
1. RPM Starter Mine High-Grade gold from surface
Slide 9: RPM – High-Grade Resource Starter Pit
RPM High-Grade Resource Starter Pit – From Surface and Remains Open Super high-grade Measure 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 • RPM North • RPM Valley Geological indications show all 3
Slide 10: RPM – Drilling in Progress, Results Pending
RPM – Drilling in Progress, Results Pending World Class Thick High-Grade Gold Drill Intercepts • RPM-005 400m @ 3.5 g/t Au RPM-057 211m @ 3.2 g/t Au from surface Incl: From 3m Incl: 67 holes, ~20,000m drilled to 287m @ 4.8 g/t Au 120m @ 5.0 g/t Au date, most assayed for multi- 132m @ 10.1 g/t Au 86m
Slide 11: 2. Stand Alone Antimony-Gold Starter Mine
2. Stand Alone Antimony-Gold Starter Mine High-Grade Antimony-Gold from surface samples
Slide 12: 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) • 2m wide surface outcropping containing stibnite with over 30m in strike length • Nova is current
Slide 13: 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 mineral – Stibnite is the only commercially mined source for antimony and its coincident with gold at Estelle • China recently announced it is
Slide 14: Antimony at Estelle
Antimony at Estelle Many Surface Samples Discovered > 0.1% Sb (>0.1% Sb considered high-grade) Shoeshine Stibium Train Stibium Stoney Shoeshine Train Stoney T5 Trumpet Trumpet T5 Styx Styx
Slide 15: 3. Expanded Project – Korbel + RPM + Regional
3. 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 16: Korbel
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 feeder system1 • Korbel Main 550m apart with the potential to be 0.5km • Cathedral genetic
Slide 17: Korbel – Bulk Tonnage Gold with Thick Intercepts
Korbel Bulk Tonnage Gold with Thick Intercepts from Surface • 214 holes, ~70,000m drilled to date • 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 potential with: 37 g/t Au o Hi
Slide 18: Significant Exploration Upside Potential
Significant Exploration Upside Potential To Date < 5% of the 513km2 Property has been Explored Nova’s Low- 35km long mineralized intrusive corridor Cost Gold, and highly elevated concentrations of Silver, Copper, Antimony and Pathfinder Approach to Other Critical Minerals (CM) have also been discove
Slide 19: Train
Train Antimony and Other CM’s Coincident with High-Grade Gold N 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 Announcement 16 Novembe
Slide 20: Trumpet
Trumpet Further High-Grade Antimony & Other CM, Copper, & Silver Coincident with High-Grade Gold N 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 (Antimony) with a high 16.
Slide 21: Shoeshine
Shoeshine Abundant Antimony Enriched Style Gold Mineralization N 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 > 0.1% Sb (Antimony) wi
Slide 22: Muddy Creek
Muddy Creek One of the Most Impressive Gold Anomalies on the Property 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 x 400m N ASX Announce
Slide 23: Stoney
Stoney High-Grade Gold, Silver, Copper, & Antimony Anomalies Discovered 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% Cu with a high of 8.5%
Slide 24: 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
Slide 25: 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 and flame resistance, lenses, binoculars, energy equipment) efficient windows) anti-corrosion, and its abili
Slide 26: World Antimony Production 2022 (USGS)
World Antimony Production 2022 (USGS) 99% of the World’s Antimony Supply Comes from 7 Countries Russia 18% Tajikistan 16% Turkey 1% China 54% The US currently does not have any Myanmar 4% domestic supply. US critical minerals supply chain risk Bolivia 2% Australia 4% But Estelle can change this, and
Slide 27: 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 Key: Current flow sheet from the scoping study Conceptual additions to the flow sheet currently being tested as part of the FS le
Slide 28: 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 29: 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 Richard Beazley Internationall
Slide 30: North American Peers
North American Peers 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 25 September 2024 2. Canadian market caps converted using CAD$0.74 to USD and AUD market caps converted us
Slide 31: Nova Minerals Snapshot
Nova Minerals Snapshot (As of 25 September 2024 in USD unless noted) Share Price Market Capitalization Estelle – A District Scale Project NASDAQ ADS* $4.99 NASDAQ Warrants $1.31 $26M ($38M AUD) in a Great Neighbourhood ASX Shares $0.14 (AUD) Market Capitalization/Resource oz $5 Kinross - Fort Knox S
Slide 32: Nova's Value Drivers
Nova’s Value Drivers Favourable jurisdiction and tenure - All on State of Alaska lands (No federal or native titles) 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 ratio, bulk minable d
Slide 33: Follow Us
Follow Us 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, AK 99645 Australia A
Slide 34: 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 ~6,600 of drilling undertaken in the 2nd half of 2023 • Includes a super high-grade zone of 180 Koz @ 4.1 g/t Au Measured • Based on ~ 83,000m o
Slide 35: Mineral Resource Estimates (MRE) Continued
Mineral Resource Estimates (MRE) Continued JORC and S-K 1300 Compliant Economic Pit Constrained MRE 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 or quality, and quantity, that there are reasonable pr
Slide 36: 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 • Large tonnage moved, but a large proportion of the material is ore, meaning less waste • Open pit o
Slide 37: 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
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