Company
ASX:NVA
Nova Minerals is a mining exploration and development company focused on advancing its Alaskan district-scale Estelle Project toward production.
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Four distinct areas of pegmatite formations have been successfully tested for lithium mineralisation, offering evidence of the Snow Lake Lithium Project's tenure-wide potential for growth. Of particular note is a deep intersection of 17.97
Nova’s Estelle Gold Trend lies within Alaska’s Tintina Gold Belt, a province that hosts a 220-million-ounce documented gold endowment.
Snow Lake is committed to developing and operating a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon-neutral and zero harm product to the electric vehicle and battery market in North America.
“With the team’s experience, commitment, vision and passion, we look forward to keeping the market updated as we advance the company through this truly exciting and transformational period as we continue to progress on our plans of unlockin
“It is now evidently clear the scale of the project is growing significantly, and we see vast growth ahead as milestones are continually met,” says CEO.
Snow Lake Lithium’s study will identify the technologies, innovations, skills and potential partners required to deliver a world-class lithium hydroxide plant within the Manitoba province.
Nova is now fully funded, with zero dilution to shareholders, to continue its aggressive resource development drilling and study programs, at the 9.6 million ounces Estelle Gold Project.
“Nova is currently laser focused on continuing its aggressive drilling campaign and associated resource studies to fast track its Estelle Gold Project. This offering provided us with the opportunity to take a portion of our Snow Lake invest
Rodrigo Pasqua’s experience will facilitate the next stage of work across Alaska’s Estelle Gold Trend as Nova unlocks the potential behind this prolific mining hub.
The company is looking for a highly qualified individual based in North America to bring complementary skills to the existing Nova board.
Subject to weather, it is anticipated that drill rigs will be onsite at the RPM Gold Project in Alaska's prolific Tintina Gold Belt next month.
Nova’s starter scoping study for the Korbel Main deposit covers a 15-year evaluation timeline and estimates a rapid payback period of three years.
The first batch of data has highlighted promising targets in the Sherritt Gordon pegmatite dykes, which are outside of the core Thompson Brothers Lithium Project resource expansion site.
The starter pit scoping study is focused around Korbel’s 3-million-ounce indicated resource and remains on track for completion in the coming weeks.
Nova Minerals has drastically increased the prospectivity of its Estelle Gold Project, doubling the estimate mineral resource to 9.6 million ounces of gold contained in just two of fifteen potential deposits.
Looking ahead, Nova plans to complete more than 23,000 metres of drilling across RPM in the new year as it works to prove up and extend Estelle's current 9.6-million-ounce gold resource.
Colin Belshaw "has played an important role in Nova’s journey over the past year and I’m pleased he has accepted this new role in the company,” says CEO.
“Nova’s management, with much credit to our team on the ground, has taken the Estelle Gold Project from discovery to a multi-deposit gold district in a short timeframe and on relatively limited funding and the exciting point is that we’re o
Now that the project has secured all necessary permits, crews will be working day and night to achieve maximum metres over the course of the winter campaign.
"The results of this prospecting expedition are incredibly encouraging and affirming of our belief that Snow Lake Lithium sits on one of the most promising resources in North America for lithium supply,” says Snow Lake CEO.
