NOVA MINERALS LIMITED

NOVA MINERALS LIMITED (ASX: NVA)

2023 Field Program Outline for Estelle Gold Project released following robust Phase 2 Scoping Study.
Helicopters, pad builders, and geologists on site to commence preparation work and pad building for upcoming drill season.
Hans Hoffman appointed as full-time Head of Exploration, focused on improving mine feed grade and overall project economics.

2023-05-17 09:08:00

Phase 2 Scoping Study confirms the technical and financial robustness of a commercial mining operation at the Estelle Gold Project with a pre-tax NPV5% of US$654M and an IRR of 53%.
Mining metrics include an annual production of 363 Koz Au in the 1st year, a total production of 2.25 Moz Au over a 17-year life of mine, and a focus on higher grade resources with 2.02 g/t Au material.
Estelle Gold Project demonstrates great exploration upside with potential for further increases in production schedule and waste reduction, and has support from both the community and the State government for the construction of the proposed West Susitna Access Road.

2023-05-15 09:23:00

Global gold resource at Estelle Gold Project increases to 9.9 Moz Au, with a strong platform for the upcoming Phase 2 Scoping Study.
Multiple diamond rigs to be mobilized to RPM in 2023 to expand and further prove up the resource.
Aggressive exploration programs in 2023 to focus on the RPM area and the highly prospective Stoney prospect.

2023-04-11 08:46:00

2023-03-09 09:46:00

Nova's 2022 exploration mapping and sampling campaign confirms the discovery of a new broad zone of high-grade gold mineralization at the recently named Trumpet Prospect.
Recent high-grade gold surface samples returned from the 2022 exploration program at the newly discovered Trumpet Prospect include 32.8 g/t, 16.6 g/t, 16.0 g/t, 13.6 g/t, 12.7 g/t.
Resource updates for RPM and the Korbel Valley now underway with 30,000m additional drilling to be added for the Phase 2 Scoping Study.

2023-01-16 11:23:00