Slide 1: Estelle Gold Project
For personal use only Estelle Gold Project On track to expand current 2.5Moz gold project in Alaska Estelle Gold Project Alaska August 2020
Slide 2: Disclaimer and Forward Looking Statement
Disclaimer and Forward Looking Statement The information contained in this confidential document (“Presentation”) has been prepared by Nova Minerals Limited (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment. For personal use only Whil
Slide 3: Tintina Gold Province: Estelle Gold Project
Tintina Gold Province: Estelle Gold Project For personal use only Location • >200 Mozs Au documented discovery/production is • Untold Mozs Au placer production Key • Intrusion Related Au (IRGS) elephant country Estelle Gold Project Alaska 3
Slide 4: Estelle Gold Project Location
Estelle Gold Project Location Location: 185 km northwest of Anchorage For personal use only 15 km - Whiskey Bravo Airstrip 15 km - proposed Donlin Pipeline Access: Aircraft: Anchorage to Whiskey Bravo Helicopter: Whiskey Bravo to Property Winter Road Access: Available Multi-Season Access Road: Nova
Slide 5: The Estelle Gold Project
The Estelle Gold Project TENURE - 346 State mining claims For personal use only - 220 km2 - 2019 staking - 86% land increase IRGS OWNERSHIP - 85% INFRASTUCTURE - Airstrip on site (>1km long) - Winter road system to site - Gas pipe/road in state plan GEOLOGY - Cretaceous intrusive phases - Meta-sedim
Slide 6: Korbel Intrusion Related IRGS Deposit Model
Korbel Intrusion Related IRGS Deposit Model For personal use only Korbel Deposit Model Nova’s Korbel deposit is a classic Intrusion Related Gold System (IRGS) type deposit. Economic IRGS type deposits such as Fort Knox and Eagle are low grade multi-million-ounce open pit mines occurring in the TGB.
Slide 7: Oxide Korbel: An IRGS Type Deposit
Oxide Korbel: An IRGS Type Deposit For personal use only Estelle - Oxide Korbel Dublin Gulch Fort Knox • Late Cretaceous intrusive host/source rocks (Alaskite) All The • Mineralization style: Au-bearing sheeted quartz vein sets Right • Geochemical signature: Au-Bi-Te-As Stuff • Hydrothermal alterati
Slide 8: Korbel Deposit Geology
Korbel Deposit Geology The Starting Point For personal use only Nova recognized the significance of the project early and in just 1.5 years with minimal budgets established a 2.5Moz Inferred Gold Resource as follows; Geological map of the Korbel deposit area showing: • Historical (2011/2012) cored d
Slide 9: Ground Magnetometer Survey
Ground Magnetometer Survey (ASX: 16 and 17 July 2019) Magnetometer Survey For personal use only In 2019 Nova completed a ground magnetometer survey over the Korbel deposit target area to guide the drilling. • In general, the magnetics response is subtle with a gradient of only 150 nT in the Korbel t
Slide 10: Ground IP/Chargeability Survey
Ground IP/Chargeability Survey (ASX: 16 and 17 July 2019) IP/Chargeability Survey For personal use only • The Chargeability survey data was used to identify areas which may have increased concentrations of sulfide minerals. • In the Korbel target area 4 distinct anomalies were delineated by the surv
Slide 11: 2019 Drilling Targets
2019 Drilling Targets 2019 Drilling Program For personal use only • Using the available data, Nova identified 4 high priority Targets A, B, C and D. • Nova completed Reverse Circulation (RC) holes testing Targets A and B. • Nova also re-sampled 3 intact, historical cored drill holes “Data Compilatio
Slide 12: Oxide Korbel: Inferred Resource / Upside
Oxide Korbel: Inferred Resource / Upside Inferred Resource Model For personal use only Cut-off Au g/t Tonnes Grade Au g/t Gold Ounces 0.00 311,501,760 0.286 2,864,338 0.05 275,556,930 0.320 2,835,039 0.10 225,538,080 0.374 2,711,997 0.15 205,188,840 0.398 2,625,636 0.18 181,291,950 0.429 2,500,538 0
Slide 13: 2020 drill program and Resource Growth Pipeline
2020 drill program and Resource Growth Pipeline (ASX: 9 December 2019) For personal use only Priority Targets for Drilling at the Estelle Gold Project to increase Resource Size and Confidence Estelle Gold Project Alaska 13
Slide 14: 2020 Holes Drilled to Date
2020 Holes Drilled to Date For personal use only Estelle Gold Project Alaska 14
Slide 15: 2020 Drill Holes to be included in the Interim Resource Update
2020 Drill Holes to be included in the scheduled Interim Resource Update For personal use only Estelle Gold Project Alaska 15
Slide 16: 2020 Drill Results
2020 Drill Results (ASX: 22 June 2020 and 14 July 2020) For personal use only Intersections Confirms Broad Widths of Gold Mineralisation outside the 2.5Moz Resource The Korbel Prospect has been tested with two diamond drills on Block A and B; initial holes demonstrate continuation of grade at over 2
Slide 17: 2020 Drill Results
2020 Drill Results (ASX: 19 August 2020) For personal use only Significant new diamond drilling gold intercepts at Korbel include: • 101m @ 1.3 g/t incl. 82m @ 1.5 g/t, 30m @ 2.4 g/t, 3m @ 7.7 g/t, 6m @ 4.7 g/t and 3m @ 8.2 g/t in KDBH-012 KBDH-012 returned an overall average grade of 0.6 g/t Au ove
Slide 18: Korbel Drill Layout and Southeast Quadrant Discovery
2020 Drill Results (ASX: 19 August 2020) For personal use only Korbel Drill Layout and Southeast Quadrant Discovery Estelle Gold Project Alaska 18
Slide 19: 2020 drill program, Resource Growth & Development Pipeline
2020 drill program, Resource Growth & Development Pipeline For personal use only December 2020 Global Resource Estimate on Block A and B within the Korbel Prospect with an Aug-Sept 2020 Preliminary Resource Update on Block B The Company’s ranked and prioritised systematic exploration strategy and ac
Slide 20: Gold Leach Recoveries Av. 76% at the Korbel Deposit
Gold Leach Recoveries Av. 76% at the Korbel Deposit (ASX: 30 December 2019) Recoveries For personal use only Exceptional gold leach recoveries averaging 76% at the Korbel Gold Deposit. All initial metallurgical test- Table 1. Summary of Results work results are consistent with Nova’s expectation tha
Slide 21: Future Strategy and Objectives
Future Strategy and Objectives For personal use only • Up to 25,000m of core drilling focused on expanding Resource Blocks A and B, additional drill test Cathedral in the Korbel deposit area • Initial drill testing of other high priority targets on the property including the RPM and Shoeshine prospe
Slide 22: Korbel Deposit Area of Interest
Korbel Deposit Area of Interest (AXS:19 February 2020) Desktop Analysis Significantly Increases the Korbel Prospect Potential within the Estelle For personal use only Gold Camp (all with the Korbel prospect, 1 of 15 priority targeted prospects) Based on this analysis the naming and categorization of
Slide 23: Korbel South Prospect
Korbel South Prospect (ASX: 03 December 2018) Chip sample stations 207646- For personal use only 207648 in general South Korbel “The Cathedral” map area, illustrating metallic values across three, ten meter chip sample sites (30 metre). The average grade of the sampled area is 1.17 g/t gold, 6,230 p
Slide 24: RPM Prospect
RPM Prospect RPM Prospect For personal use only Historical diamond drill hole SE12-008 From (m) To (m) Grade g/t Width SE12-008 completed in 2012 was re-sampled by Nova as part Intersection 4.27 180.78 0.79 177.39 of the 2019 field program. In Includes 26.00 146.40 1.02 120.40 the 2020 field season
Slide 25: AIDEA approves agreement on West Susitna Access Road
AIDEA approves agreement to work with Nova Minerals on the West Susitna Access Road to the Estelle Gold District (ASX: 20 April 2020) Alaska Industrial Development For personal use only Export Authority (“AIDEA”) has approved a resolution authorising an agreement with Nova to advance the West Susitn
Slide 26: Year Round Camp Facility
Year Round Camp Facility Man Camp and Logging Facility Established For personal use only Estelle Gold Project Alaska 26
Slide 27: Management and Directors
Management and Directors Christopher Gerteisen Louie Simens For personal use only Executive Director and CEO Executive Director Mr Gerteisen has over 20 years of experience as a Louie Simens a decade of experience in micro-cap equities professional geologist with an extensive record of and start-up
Slide 28: Competent Person Statement
Competent Person Statement Mr Dale Schultz P.Geo., Principle of DjS Consulting, who is Nova groups Chief Geologist and COO of Nova Minerals For personal use only subsidiary Snow Lake Resources Ltd., compiled the technical information in this presentation and is a member of the Association of Profess
Slide 29: For More Information contact
For personal use only For More Information contact: Email: info@novaminerals.com.au Website: www.novaminerals.com.au Estelle Gold Project Alaska