Nova Minerals Ltd — AGM Information 2024

Nov 13, 2024

Estelle Project Developing North America’s next major gold and critical minerals district in Alaska

2024 Annual General Meeting

14 November 2024

ASX: NVA | NASDAQ: NVA | FRA: QM3 www.novaminerals.com.au

==> picture [439 x 84] intentionally omitted <==

----- Start of picture text -----

79 51
47 29
Au Sb CM
Ag Cu
Critical
Gold Antimony Silver Copper Minerals
----- End of picture text -----

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 third-party sources and is not a disclosure document. No party other than the Company has authorised or caused the issue, lodgement, submission, dispatch or provision of this presentation, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this presentation. Except for any liability that cannot be excluded by law, the Company and its related bodies corporate, directors, employees, servants, advisers and agents disclaim and accept no responsibility or liability for any expenses, losses, damages or costs incurred by you relating in any way to this presentation including, without limitation, the information contained in or provided in connection with it, any errors or omissions from it however caused, lack of accuracy, completeness, currency or reliability or you or any other person placing any reliance on this presentation, its accuracy, completeness, currency or reliability. This presentation is not a prospectus, disclosure document or other offering document under Australian law or under any other law. It is provided for information purposes and is not an invitation nor offer of shares or recommendation for subscription, purchase or sale in any jurisdiction. This presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. Each recipient must make its own independent assessment of the Company before acquiring any shares in the Company (Shares).

Not Investment Advice

Each recipient of the presentation should make its own enquiries and investigations regarding all information in this presentation including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of the Company and the impact that different future outcomes might have on the Company. Information in this presentation is not intended to be relied upon as advice to investors or potential investors and has been prepared without taking account of any person’s individual investment objectives, financial situation or particular needs. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek legal, accounting and taxation advice appropriate to their jurisdiction. The Company is not licensed to provide financial product advice in respect of its securities.

Forward Looking Statements

This document contains forward looking statements concerning the Company. Forward-looking statements are not statements of historical fact, and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes. Forward looking statements in this document are based on the Company’s beliefs, opinions and estimates of the Company as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate.

Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, among others, the actual market price of commodities, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents. Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forwardlooking information, except in accordance with applicable securities laws. No representation, warranty or undertaking, express or implied, is given or made by the Company that the occurrence of the events expressed or implied in any forward-looking statements in this presentation will actually occur.

JORC Code

It is a requirement of the ASX Listing Rules that the reporting of ore reserves and mineral resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code). Investors outside Australia should note that while ore reserve and mineral resource estimates of the Company in this document comply with the JORC Code (such JORC Code-compliant ore reserves and mineral resources being "Ore Reserves" and "Mineral Resources" respectively), unless stated otherwise, they may not comply with the relevant guidelines in other countries and, in particular, may not comply with (i) National Instrument 43-101 (Standards of Disclosure for Mineral Projects) of the Canadian Securities Administrators (the "Canadian NI 43-101 Standards"); or (ii) Item 1300 of Regulation S-K, which governs disclosures of mineral reserves in registration statements filed with the SEC. Information contained in this document describing mineral deposits may not be comparable to similar information made public by companies subject to the reporting and disclosure requirements of Canadian or US securities laws.

Compliance Statements

This Presentation contains references to Mineral Resource Estimates extracted from the Company’s ASX announcements dated 11 April 2023, titled “Estelle Global Gold MRE Increases to 9.9 Moz Au”, and dated 16 April 2024, titled “Mineral Resource Estimate for US Listing” (refer Appendix 1). References in this presentation to exploration results have been extracted from the Company’s ASX announcements as noted on the relevant pages of this presentation. Nova confirms that it is not aware of any new information or data that materially affects the information included in the original announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

Investment Risk

There are a number of risks specific to the Company and of a general nature which may affect the future operating and financial performance of the Company and the value of an investment in the Company, including and not limited to the Company's capital requirements, the potential for shareholders to be diluted, risks associated with the reporting of resources estimates, budget risks, risks associated with the COVID-19 pandemic and operational risk. An investment in Shares is subject to known and unknown risks, some of which are beyond the control of the Company. The Company does not guarantee any particular rate of return or the performance of the Company.

Financial Data

All dollar values are in United States dollars (US$ or USD) unless otherwise stated. The information contained in this Presentation may not necessarily be in statutory format. Amounts, totals and change percentages are calculated on whole numbers and not the rounded amounts presented.

This announcement has been authorized for release by the executive directors.

Estelle – Gold & Critical Minerals Asset in Alaska Differentiating Factor Grade and Scale – Development Optionality with Significant Upside (85% Owned)

==> picture [61 x 58] intentionally omitted <==

==> picture [58 x 58] intentionally omitted <==

==> picture [58 x 58] intentionally omitted <==

==> picture [57 x 58] intentionally omitted <==

Korbel Multiple Resources

Jurisdiction

Bulk Tonnage Gold – Big, Low Strip, • Large Selective • Mining Potential, Low Unit Cost, Open Pit • Stibium High-Grade AntimonyGold from surface samples

• Large IRGS deposits

• • 5.2 Moz Au US$2,000 oz pit constrained S-K 1300 resource[2]

• • 9.9 Moz Au JORC global resource (ASX compliant)[1]

• Alaska, USA

• State of Alaska mining claims, streamlined permitting process

==> picture [49 x 49] intentionally omitted <==

District Scale

==> picture [58 x 58] intentionally omitted <==

Target Minerals

• 514km[2] of State of Alaska claims

• • 35km long mineralized corridor

• Gold, copper & silver

• • Antimony & other critical minerals1

• • Gold ~ US$2,500 oz

• • Antimony ~ US$25,000 mt

• Long Term Project

==> picture [82 x 48] intentionally omitted <==

Stoney

Advanced Project

• Open pit

==> picture [58 x 57] intentionally omitted <==

==> picture [94 x 48] intentionally omitted <==

• Low strip ratio

• • Feasibility studies commenced

• Infrastructure

Train

• Decades of potential production

• • > 20 known prospects

• 90,000m Drilling

==> picture [58 x 58] intentionally omitted <==

==> picture [117 x 49] intentionally omitted <==

• 80-person camp

==> picture [39 x 14] intentionally omitted <==

----- Start of picture text -----

RPM
----- End of picture text -----

• Fully oriented HQ diamond drill core

• 4,000ft airstrip

• • Sample lab

• • Road & power underway

High-Grade gold starter mine from surface

• Thick, high-grade intercepts

• • From surface

1 Global resource compliant to JORC standards only. Refer to Appendix 1

2 Economic pit constrained resource compliant to JORC and S-K 1300 standards. Refer to Appendix 1

The Estelle Gold Project A District Scale Project in a Great Neighbourhood

• 35km long mineralized corridor on 514km[2] of State of Alaska Mining claims

• 2[nd] largest gold producing State in USA

• State has designated primary surface use for mineral development

• Alaska has a well-defined permitting pathway

• Alaska – Safe and rich mining jurisdiction

ITH - Livengood 13.8 Moz @ 0.6 g/t Au Kinross - Fort Knox Freegold Ventures Golden Summit 11.0 Moz @ 0.3 g/t Au 24.4 Moz @ 1.3 g/t Au Northern Star Pogo 6.9 Moz @ 9.4 g/t Au Tintina Gold Province >220Moz Au documented endowment

==> picture [115 x 27] intentionally omitted <==

----- Start of picture text -----

US Gold Mining - Whistler
7.2 Moz @ 0.5 g/t Au
ALASKA
----- End of picture text -----

Donlin Gold – Donlin Creek 39 Moz @ 2.2 g/t Au

LEGEND

Major gold mine or deposit

Nova priority projects

Nova Minerals - Estelle 9.9 Moz @ 0.3 g/t Au*

Western Copper & Gold - Casino 21.0 Moz @ 0.2 g/t Au

• Resource endowments sourced from the companies' websites and resource statements

• Global JORC compliant resource Refer to Appendix 1

Alaska - Tier 1 Mining Region Close to Anchorage with Infrastructure Solutions in Place

Location

• Located on State of Alaska public lands, 150km northwest of Anchorage

• 514km[2] of unpatented mining claims

• Alaska has a streamlined permitting process

• The Estelle Gold Project is fully permitted for exploration

Access

• Short flight from Anchorage or Willow to an all-season air strip

• Winter trail used to transport large and heavy equipment

• Proposed West Susitna Access Road has considerable government and community support

• All weather road that will link the project to port, rail and road

• 1[st] part of the road included in the DoT plan to break ground in 2025

• AIDEA progressing the remaining portion of the road with studies for permitting to be completed in 2024

Facilities

• 80 person fully winterized camp

• Onsite sample processing facility

• 4,000 foot all season airstrip which can facilitate large capacity DC3 aircraft

Power – Numerous Options Being Investigated for the FS

• Link to the state grid or proposed Flatlands Coal power plant

• Offtake from the proposed Donlin gas pipeline

• Diesel generators

• Micro-nuclear reactor

==> picture [493 x 450] intentionally omitted <==

----- Start of picture text -----

Anchorage
Willow Airstrip Port Mackenzie
Anchorage
International
Airport
Proposed West Susitna Access Road
(All weather road)
Winter Trail
Beluga Power Plant
(Electricity source)
Proposed Gas Pipeline
(Donlin Creek)
Potential Power Flatlands Coal
Transmission Line (Potential Power Plant)
(Feed to State grid)
"The West Susitna Road is important for local
residents and gaining fair access to hunting,
fishing, and potential jobs. My administration is
constantly looking at ways to grow our economy
Whiskey Bravo and this project is a great opportunity for not
Airstrip & Camp only south-central Alaska but the entire state. I
am committed to this project and unlocking
resources that benefit all Alaskans.“
Alaska Governor, Mike Dunleavy
Construction Proposed to Start in 2025
Estelle Gold Project
----- End of picture text -----

Whiskey Bravo Airstrip & Camp

Estelle Gold Project Targeting world class deposits with multiple resource centers across the single project. Over 20 potential prospects being progressively explored

Stibium

==> picture [17 x 18] intentionally omitted <==

Potential Gold Processing Plant

Wombat

Korbel Main Deposit Cathedra l Deposit

Korbel

==> picture [67 x 21] intentionally omitted <==

Potential Antimony-Gold Processing Plant

Stoney

Muddy Creek

Trumpet

Train

Potential Gold Processing Plant

Shoeshine

Train

Key:

Resource Deposit Prospect – Resource Target Prospect – Other Potential Processing Plant Proposed Access Road Proposed West Susitna Access Road

1km

RPM South RPM North Deposit Deposit RPM Valley

Stoney

RPM

3D interactive presentation of the project is available at www.novaminerals.com.au

35km Long Mineralized Corridor

Estelle Staged Development Options Deferred Capital/Funding Early Production (Pending completion of studies)

Whiskey Bravo camp & airstrip

Potential Antimony-Gold Processing Plant

3. Stand Alone Antimony-Gold Starter Mine

• Quick start up, subject to DoD grant

Stibium

• Low CAPEX

• Small footprint/quick permitting

• • Early cashflow potential

1. RPM Starter Mine

Potential Gold Processing Plant

Korbel 2. Expanded Project – Korbel + RPM + Regional

• Scalable

• Multi-decade mine life

• Multiple mining centers

• Multiple commodities (Au, Sb, Ag, Cu, CMs)

• • Higher CAPEX, higher NPV & cashflow

• High-grade from surface (Potentially 5g/t+ Au) 6-7 year initial LOM from RPM North

• Potential for expansion ie: RPM, Train, Regional • Smaller footprint, Lower CAPEX, Nova funded • Fast track to production and cashflow • Scalable

==> picture [175 x 18] intentionally omitted <==

----- Start of picture text -----

Potential Gold RPM
Processing Plant
----- End of picture text -----

• Significantly increased gold production

• Economies of scale – low AISC

• Nova growth and/or strategic partner funding

1. RPM Starter Mine High-Grade gold from surface

==> picture [917 x 418] intentionally omitted <==

----- Start of picture text -----

RPM Regional Target
Potential Gold
Processing Plant
RPM North
RPM South
RPM
Starter RPM Valley
Pit Area
1km
----- End of picture text -----

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 Surface[1]

==> picture [463 x 365] intentionally omitted <==

----- Start of picture text -----

RPM South
RPM North
RPM
Starter
Pit Area
RPM Valley
RPM
0.6km
----- End of picture text -----

• RPM North

• Geological indications show all 3 areas

• RPM Valley are potentially genetically linked

• RPM South

• ~7,600m (40 holes) from the 2023 and 2024 drilling not included in the current MRE (MRE Update late 2024)

• Numerous holes drilled outside the current MRE model

• Close spaced drilling expected to increase the M&I categories for the FS

• Current FS test work indicates the pit slope angles can potentially be increased > 50 degrees

• FS test work also investigating the potential to heap leach the lower grade ore from RPM with agglomeration

• Investigating various ore transport options including, trucks, conveyors, cable ways, chutes

• Drilling at RPM in 2024 focused on growing and proving up the measured and indicated resource to ore reserves for the FS

1 Economic pit constrained resources compliant to JORC and S-K 1300 standards. Refer to Appendix 1

RPM Exploration – 2024 Drill Results Thick High-Grade Gold Drill Intercepts Extending Mineralization to Surface

• 2024 drilling focused on near surface mineralization < 50m depth to support the RPM starter mine

• Over 20 significant broad intercepts from surface grading > 5 g/t Au with a high of 52.7 g/t Au

• Results prove high-grade gold mineralization greater than 2 g/t Au extends to surface above the current Measured (180,000 oz @ 4.1 g/t Au) and Measured and Indicated (330,000 oz @ 2.4 g/t) highgrade core within the existing RPM North resource area

==> picture [598 x 271] intentionally omitted <==

----- Start of picture text -----

RPMRC-24016 39m @ 5.4 g/t Au
From surface Incl:
20m @ 10.2 g/t Au
2024 Drill
12m @ 15.3 g/t Au
11m @ 16.4 g/t Au Target Zone RPM-RC-24020 28m @ 4.5 g/t Au
From surface Incl:
23m @ 5.3 g/t Au
6m @ 14.3 g/t Au
3m @ 25.0 g/t Au
RPMRC-24017 29m @ 7.1 g/t Au
From surface Incl:
22m @ 9.4 g/t Au RPMRC-24005 43m @ 4.4 g/t Au
6m @ 19.9 g/t Au From 2m Incl:
3m @ 32.2 g/t Au
23m @ 7.3 g/t Au
2m @ 52.7 g/t Au
13m @ 10.7 g/t Au
2m @ 39.2 g/t Au
RPMRC-24008 45m @ 3.4 g/t Au
From surface Incl:
31m @ 4.7 g/t Au
8m @10.5 g/t Au
----- End of picture text -----

• All holes ended in mineralization

• Extensive surface sampling program conducted in the RPM Regional Area, with assays pending

==> picture [53 x 104] intentionally omitted <==

ASX Announcements 9, 16 & 23 October 2024

RPM Drilling – Pre 2024 Results World Class Thick High-Grade Gold Drill Intercepts

• 67 holes, ~20,000m drilled to date, most assayed for multielements

• Broad zone of continuous highgrade gold, from surface

• Mineralization remains wide open

• Numerous gold zones already identified

• Resource upside exists to the North of the current drilling where further high-grade surface samples have been discovered on the ridgeline.

==> picture [702 x 432] intentionally omitted <==

----- Start of picture text -----

RPM-005 400m @ 3.5 g/t Au RPM-057 211m @ 3.2 g/t Au RPM South
from surface Incl: From 3m Incl:
287m @ 4.8 g/t Au 120m @ 5.0 g/t Au
132m @ 10.1 g/t Au 79m @ 7.4 g/t Au
86m @ 14.1 g/t Au 63m @ 9.0 g/t Au RPM-019 344m @ 0.5 g/t Au
From 5m Incl:
Open 259m @ 0.6 g/t Au
39m @ 1.0 g/t Au
RPM North
38m @ 1.0 g/t Au from 130m
RPM-015 258m @ 5.1 g/t Au
From surface Incl:
Open
161m @ 8.1 g/t Au
117m @ 11.1 g/t Au
45m @ 25.3 g/t Au RPM-023 333m @ 0.9 g/t Au
RPM-022 193m @ 3.9 g/t Au From 8m Incl:
From 4m Incl: RPM 116m @ 0.9 g/t Au
67m @ 10.4 g/t Au Open 94m @1.0 g/t Au
Starter
43m @ 15.8 g/t Au RPM Valley 15m @ 2.3 g/t Au
34m @ 19.4 g/t Au Pit Area
Open
RPM-008 260m @ 3.6 g/t Au
from 11m Incl:
140m @ 6.5 g/t Au
87m @ 10.1 g/t Au
56m @ 15.0 g/t Au RPM-060 204m @ 1.0 g/t Au
From 110m Incl:
54m @ 2.1 g/t Au
42m @ 2.6 g/t Au
17m @ 5.3 g/t Au
Open
Open RPM-037 lower intrusive
268m @ 0.7 g/t Au
From 282m Incl:
103m @ 1.0 g/t Au
21m @ 2.5 g/t Au
30m @ 2.0 g/t Au
----- End of picture text -----

ASX Announcements 11 & 27 October 2021, 8 & 22 August 2022, 4 October 2022, 11 December 2023, 10 January 2024

==> picture [166 x 196] intentionally omitted <==

==> picture [389 x 218] intentionally omitted <==

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

Korbel

• 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 system[1]

• 550m apart with the potential to be

• • Cathedral genetically linked

==> picture [65 x 89] intentionally omitted <==

----- Start of picture text -----

0.5km
----- End of picture text -----

==> picture [139 x 53] intentionally omitted <==

----- Start of picture text -----

~1.0 Moz high-grade
feeder system
----- End of picture text -----

==> picture [100 x 66] intentionally omitted <==

----- Start of picture text -----

Korbel & Cathedral
----- End of picture text -----

Korbel

•

•

• o

o

o

==> picture [266 x 178] intentionally omitted <==

==> picture [135 x 75] intentionally omitted <==

----- Start of picture text -----

KBDH-024 549m @ 0.3 g/t Au
from 3m Incl:
97m @ 0.8 g/t Au
15m @ 2.3 g/t Au
3m @ 8.2 g/t Au
----- End of picture text -----

==> picture [300 x 77] intentionally omitted <==

----- Start of picture text -----

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
----- End of picture text -----

==> picture [61 x 29] intentionally omitted <==

----- Start of picture text -----

37 g/t Au
----- End of picture text -----

CTDD-003B 269m @ 0.4 g/t Au from 168m Incl: 70m @ 0.6 g/t Au 3m @ 2.7 g/t Au

==> picture [45 x 29] intentionally omitted <==

==> picture [135 x 75] intentionally omitted <==

----- Start of picture text -----

KBDH-012 429m @ 0.6 g/t Au
from 3m Incl:
101m @ 1.3 g/t Au
82m @ 1.5 g/t Au
30m @ 2.4 g/t Au
----- End of picture text -----

==> picture [135 x 75] intentionally omitted <==

----- Start of picture text -----

KBDH-081 277m @ 0.5 g/t Au
from 3m Incl:
94m @ 1.0 g/t Au
30m @ 1.9 g/t Au
9m @ 4.4 g/t Au
----- End of picture text -----

==> picture [135 x 53] intentionally omitted <==

----- Start of picture text -----

CTDD-001 354m @ 0.3 g/t Au
from 104m Incl:
11m @ 1.1 g/t Au
----- End of picture text -----

==> picture [67 x 29] intentionally omitted <==

----- Start of picture text -----

114 g/t Au
----- End of picture text -----

==> picture [19 x 20] intentionally omitted <==

==> picture [49 x 85] intentionally omitted <==

High-Grade Antimony & Gold Samples

3. Stand Alone Antimony-Gold Starter Mine High-Grade Antimony-Gold from surface samples

==> picture [702 x 203] intentionally omitted <==

----- Start of picture text -----

Potential Antimony-Gold
Processing Plant
----- End of picture text -----

Stibium

==> picture [17 x 18] intentionally omitted <==

==> picture [150 x 194] intentionally omitted <==

==> picture [261 x 201] intentionally omitted <==

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 currently investigating a potential small-scale starter mine for antimony at the Stibium prospect to create a concentrate for US domestic supply and potential early cashflow – Subject to DoD funding

• With a minimal impact and footprint required, a streamlined rapid permit process is possible

• Extensive surface sampling program conducted at Stibium in 2024, focusing on antimony, gold and other critical minerals, with assays pending

==> picture [81 x 117] intentionally omitted <==

==> picture [78 x 48] intentionally omitted <==

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

• China recently announced it is limiting antimony export. US currently has no domestic supply but wants to shore up its antimony and other CM supply chains. = Opportunity for potential US government grants to explore further

• Potentially significant bi-product credits. Commenced scoping level metallurgical studies on antimony and critical minerals processing in the flow sheet

• Currently investigating a potential small-scale starter mine for antimony at the Stibium prospect to create a concentrate for US domestic supply and potential early cashflow

• Also evaluating different approaches to upgrade the downstream processing of antimony and CM to secure the supply chain for the US

• The University of Alaska Fairbanks (UAF), a grantee under the Department of Energy (DoE) CORE CM program is tasked with commercializing CM in Alaska with the Estelle Project now included as a partner in the program

• Through trips to both Washington DC and Juneau, the Company has already built strong relationships with various federal and state government departments and bodies to present Nova as a potential domestic partner to supply the US with antimony and CM , while also actively pursuing grant opportunities to progress development of its antimony and CM resources at Estelle

• Nova’s CEO has attended numerous munitions conferences to pursue DoD and industry collaboration

• Future Market Insights forecasts that the global antimony market is likely to be worth $4.5 billion by 2032, growing at a 4% CAGR from 2022 to 2032

79 51 Au Sb Gold Antimony

CM Critical Minerals

Antimony at Estelle

Many Surface Samples Discovered > 0.1% Sb (>0.1% Sb considered high-grade)

==> picture [91 x 207] intentionally omitted <==

==> picture [774 x 452] intentionally omitted <==

----- Start of picture text -----

Stibium
Shoeshine
Train
Stoney
T5 Trumpet
Styx
Stibium Shoeshine
Train
Stoney
T5
Trumpet
Styx
----- End of picture text -----

Significant Exploration Upside Potential

To Date < 5% of the 514km[2] Property has been Explored

35km long mineralized intrusive corridor

Gold, and highly elevated concentrations of Silver, Copper, Antimony and Other Critical Minerals (CM) have also been discovered across the project Korbel

• 6 exciting gold targets within close proximity to the proposed Estelle central processing plant

• High-grade rock chips samples up to 114 g/t Au discovered at Cathedral

Stoney

• 7 exciting gold and multi-element targets in the central portion of the claim block

• High-grade polymetallic rock samples include 78.5 g/t Au, 2,720 g/t Ag, 10.6% Cu and 1.3% Sb (Antimony)

Train

• 6 exciting gold and multi-element targets located ~6km north of RPM

Nova’s LowCost Pathfinder Approach to Exploration

Geology Observed in Outcrop

Surface Mapping & Sampling

Surface Anomaly

• High-grade rock samples include 1,290 g/t Au, 1,945 g/t Ag, 6.7% Cu and 16.8% Sb

RPM

• High-grade rock samples up to 356 g/t Au discovered north of the current proposed RPM Pit

ASX Announcements 26 August 2020, 16 & 20 November 2023, 5 December 2023, & 26 February 2024

Drilling

==> picture [110 x 83] intentionally omitted <==

Train

==> picture [23 x 24] intentionally omitted <==

Train Surface Sampling Results

==> picture [234 x 136] intentionally omitted <==

----- Start of picture text -----

1.5km
----- End of picture text -----

• 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

Trumpet

==> picture [21 x 21] intentionally omitted <==

==> picture [80 x 117] intentionally omitted <==

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 16.8% Sb

0.9km

Shoeshine

==> picture [25 x 24] intentionally omitted <==

==> picture [410 x 206] intentionally omitted <==

==> picture [80 x 118] intentionally omitted <==

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) with a high 0.9% Sb

Muddy Creek

==> picture [72 x 105] intentionally omitted <==

==> picture [21 x 21] intentionally omitted <==

==> picture [93 x 266] intentionally omitted <==

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

• Assays results from 2024 surface sampling program pending

Stoney

2.5km

==> picture [19 x 18] intentionally omitted <==

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

==> picture [80 x 118] intentionally omitted <==

• 4 rocks > 3% Cu with a high of 8.5% Cu

• 5 rocks >0.1% Sb including 2 rocks measuring 1.3% and 0.9% Sb

• 3 soil samples returning > 0.1% Sb , including a high of 0.48% Sb

• Assay results from 2024 surface sampling at Wombat, West Wing, and Stoney pending

Estelle – Gold & Critical Minerals Right Place, Right Time, With the Right Commodities

Gold Spot Price US$2,560 oz*

Antimony Spot Price US$24,450 mt*

*Source: https://www.metalsdaily.com/live-prices/gold/ 14/11/2024

*Source: https://www.metal.com/Antimony/202005060001 14/11/2024

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

==> picture [915 x 414] intentionally omitted <==

(USGS) Antimony Uses The Most Important Critical Mineral You have Never Heard Of

Key properties - heat and flame resistance, anti-corrosion, and its ability to harden and strengthen certain materials and metals

(Smart phone screens, camera lenses, binoculars, energy efficient windows)

Ceramics & Glass 12% Chemicals 16%

(Paints, plastics, adhesives, mixed with alloys)

(Munitions, night vision goggles, explosives, communication equipment)

Defense 8% (Clothing, furniture, electronics) Flame Retardant 35%

(Clean energy battery storage – Ambri liquid metal batteries, vehicles, wind turbines, solar panels)

Energy & Transportation 29%

Strategic critical mineral that is used in all manner of civil and defense applications

(USGS) World Antimony Production 2022 99% of the World’s Antimony Supply Comes from 7 Countries

==> picture [31 x 21] intentionally omitted <==

Russia 18% Tajikistan 16% China 54% Turkey 1% Myanmar 4% But Estelle can change this, and we have already built strong relationships with both US Federal and State government bodies

==> picture [64 x 66] intentionally omitted <==

==> picture [31 x 21] intentionally omitted <==

==> picture [115 x 47] intentionally omitted <==

The US currently does not have any domestic supply. US critical minerals supply chain risk

==> picture [190 x 199] intentionally omitted <==

----- Start of picture text -----

Bolivia 2%
----- End of picture text -----

==> picture [143 x 79] intentionally omitted <==

==> picture [72 x 9] intentionally omitted <==

----- Start of picture text -----

Australia 4%
----- End of picture text -----

==> picture [42 x 58] intentionally omitted <==

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

==> picture [940 x 413] intentionally omitted <==

----- Start of picture text -----

Key: Current flow sheet from the scoping study
Conceptual additions to the flow sheet currently being
tested as part of the FS level studies. Critical minerals extracted
and previous reject waste now sent as low-grade ore to heap leach
----- End of picture text -----

ASX Announcements 28 February, 10 August 2022, & 26 March 2024

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:

==> picture [895 x 381] intentionally omitted <==

----- Start of picture text -----

• Establishing an initial low CAPEX smaller scale operation at the high-grade RPM deposit requiring less infrastructure for
expected early cashflow, and high margins, to potentially self-fund expansion plans; and/or
• Develop the higher CAPEX larger mining operation for increased gold production, cash flow, and
Ongoing
mine life, that potential future large gold company strategic partners have expressed an interest
exploration to
• Also separately looking at an option to develop a low CAPEX assess district wide
starter Antimony-Gold operation at Stibium for expected early opportunities
cashflow, subject to DoD funding to increase
the resource
pipeline
Resource
Definitive
Upgrades
Feasibility
Metallurgic Study
Feasibility Permitting
Resource al Test
Studies
Resource Upgrades Work on
Definition Gold,
& Antimony
S-K 1300
Extension & Critical
Initial
Assessment Drilling Minerals
Technical Report (CM)
Summary
2024 2025 2026 2028
Production
Production
Option 2: Stand-Alone Stibium
Option 1: RPM High-Grade Starter Mine
Antimony-Gold Starter Mine Production Option 3: Expanded Project – Korbel + RPM + Regional
----- End of picture text -----

All timelines are projected only and subject to assay lab turn arounds, market and operating conditions, all necessary approvals, regulatory requirements, funding, weather events, and no unforeseen delays

Team with the Experience to get Estelle into Production

==> picture [46 x 47] intentionally omitted <==

Christopher Gerteisen Executive Director & CEO

Over 30 years' experience managing and advancing resource projects from green fields, through development and into production across North America, Australia and Asia

==> picture [47 x 47] intentionally omitted <==

Richard Beazley Non-Executive Chairman

Internationally experienced mining professional and director with over 35 years of experience in senior corporate, operational and project development roles

==> picture [43 x 42] intentionally omitted <==

Louie Simens Executive Director

Over 20 years’ experience managing and operating multiple business with large projects in the building, mining and civil industries. Maintains extensive networks in the mining and financial industry

==> picture [51 x 48] intentionally omitted <==

Craig Bentley Director Finance & Compliance

Over 30 years commercial and finance experience working in senior roles within multinational private enterprises as well as auditing for Ernst and Young

==> picture [45 x 48] intentionally omitted <==

==> picture [50 x 52] intentionally omitted <==

==> picture [45 x 49] intentionally omitted <==

Rodrigo Pasqua Non-Executive Director

Avi Geller Non-Executive Director

Hans Hoffman

Head of Exploration

Vast experience in unlocking the value of mining projects across the world, including specific expertise in largetonnage bulk mining operations working for large mining companies

Extensive investment experience and a deep knowledge of corporate finance, including capital markets, venture capital, hybrid, debt and private equity

20 years' experience developing, conducting, and managing geotechnical engineering and mineral exploration for resource development projects in Alaska

Experienced management who have collectively personally invested over USD$5m and who are committed to growing Nova Minerals into a global tier 1 gold producer by developing the Estelle Gold Project

North American Peers

==> picture [185 x 189] intentionally omitted <==

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 14 November 2024

1. Canadian market caps converted using CAD$0.71 to USD and AUD market caps converted using AUD$0.65 to USD

2. All Mineral Resource Estimates include, Measured, Indicated and Inferred resources, and where appropriate are also inclusive of Reserves, and compliant to JORC, S-K 1300, or Ni 43-104 standards as noted

==> picture [717 x 499] intentionally omitted <==

(As of 14 November 2024 in USD unless noted) Nova Minerals Snapshot

Share Price NASDAQ ADS* $7.55 NASDAQ Warrants $2.15 ASX Shares $0.205 (AUD)

Shares on Issue

272M[] Includes 660k ADS’s where 1 ADS = 60 Shares

Options & Warrants

23.6M Options various prices & expiry dates 455k Warrants to purchase 1 ADS at $7.266 expiring on 24 July 2029

==> picture [254 x 98] intentionally omitted <==

----- Start of picture text -----

Performance Rights
2.4M
Various hurdles
----- End of picture text -----

==> picture [254 x 326] intentionally omitted <==

----- Start of picture text -----

Market Capitalization
AUD
$36M ($55M )
Market Capitalization/Resource oz $7
Cash & Equivalents
AUD
($9M )
~$5.9M
~$4.0M Cash (As at 30/9/24) + liquid investments in
Snow Lake Lithium & Asra Minerals
Debt
AUD
($8.3M )
$5.4M
Nebari 1 [st] tranche convertible facility draw down
----- End of picture text -----

==> picture [254 x 98] intentionally omitted <==

----- Start of picture text -----

Shareholder Summary
• Directors & Officers 8%
• Institutions 20% (UBS 4.5%)
• Strategic 10%
• Nebari Gold Fund 2%
• Top 50 Holders 51%
----- End of picture text -----

==> picture [373 x 148] intentionally omitted <==

----- Start of picture text -----

NVA – NASDAQ
(Daily)
----- End of picture text -----

==> picture [373 x 142] intentionally omitted <==

----- Start of picture text -----

NVA – ASX
(Weekly)
----- End of picture text -----

Spot Gold vs VanEck Junior Gold Miner ETF (Monthly)

==> picture [85 x 27] intentionally omitted <==

----- Start of picture text -----

Large disconnect
between the gold price
and miners' values
----- End of picture text -----

Nova’s Value Drivers

==> picture [43 x 41] intentionally omitted <==

==> picture [41 x 41] intentionally omitted <==

==> picture [41 x 29] intentionally omitted <==

==> picture [41 x 36] intentionally omitted <==

==> picture [41 x 35] intentionally omitted <==

==> picture [40 x 40] intentionally omitted <==

==> picture [41 x 41] intentionally omitted <==

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 deposits Thick high-grade ore zones from surface Significant resource upside potential

==> picture [41 x 41] intentionally omitted <==

Multi-element potential – Gold, Silver, Copper, Antimony, other Critical Minerals

Follow Us

==> picture [174 x 201] intentionally omitted <==

Nova Minerals Limited

T: +61 3 9537 1238 E: info@novaminerals.com.au W: www.novaminerals.com.au Main Operations Whiskey Bravo Airstrip Matanuska-Susitna Borough, Alaska, USA 1150 S Colony Way Suite 3-440, Palmer, AK 99645

Office Suite 5 242 Hawthorn Road Caulfield Victoria 3161 Australia

ASX: NVA | NASDAQ: NVA | FRA: QM3

35

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 2[nd] half of 2023 and in 2024

• • Includes a super high-grade zone of 180 Koz @ 4.1 g/t Au Measured

• Based on ~ 83,000m of RC and high-quality oriented diamond core drilling

• Comprises of 4 large IRGS deposits

• Resources from surface and all deposits remain open with significant potential upside

• Suitable for large scale open pit mining

==> picture [854 x 260] intentionally omitted <==

ASX Announcements 11 April 2023, & 16 April 2024

Appendix 1: Mineral Resource Estimates (MRE)

JORC and S-K 1300 Compliant Economic Pit Constrained MRE for the Estelle Gold Project

==> picture [852 x 259] intentionally omitted <==

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 prospects for economic extraction.

2. The mineral resource applies a reasonable prospect of economic extraction with the following assumptions:

3. Gold price of US$2,000/oz

4. 5% royalty on recovered ounces

5. Pit slope angle of 50o

6. Mining cost of US$1.65/t

7. Processing cost for RPM US$9.80/t and Korbel US$5.23/t (inclusive of ore sorting for Korbel)

8. Combined processing recoveries of 88.20% for RPM and 75.94% for Korbel

9. General and Administrative Cost of US$1.30/t

10. Tonnages and grades are rounded to two significant figures and ounces are rounded to 1,000 ounces, subject to rounding

ASX Announcement 16 April 2024

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 operations using conventional truck and shovel mining methods

• A central processing plant proximal to the ore source requiring short haul distance

Kinross Gold Corp - Fort Knox Gold Mine

• Often include heap leach process circuit for lower cost gold recovery

• Typically produce > 100,000 g/t Au per year at lower AISC’s

• Kinross Gold Corp Fort Knox mine is a good example of a highly profitable low grade bulk tonnage mining operations

Proposed Estelle Bulk Tonnage Gold Operation

The mineralized bodies found across the Estelle gold district, are similar in grade, deposit type, style of mineralization, and tonnage potential, to the Fort Knox deposits. The Estelle Gold Project has a current global JORC compliant resource of 9.9 Moz @ 0.3 g/t Au, and the scoping study showed that Korbel and RPM can support large, bulk tonnage and high-grade open pit mining operations, with ideal ore body geometry over the 17+ year LOM, using a conventional truck and shovel mining method and mill operation. As part of the current FS level studies, heap leach agglomeration is also being tested for suitability to the ore bodies to potentially lower costs further

The Fort Knox gold mine, owned by Kinross Gold Corp, is a highly profitable, large scale bulk tonnage - open pit gold mine, located near the city of Fairbanks, Alaska. It is mined by conventional openpit methods, with ore processed at a mill and heap leach facility. Currently Fort Knox has a remaining resource of 1.9 Moz @ 0.3 g/t Au, having already mined over 9.1 Moz over 27 years, including 290,651 ounces of gold in 2023 at an AISC of US$1,195 oz.

Information sourced from the Kinross Gold website

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 with high-grade ore sent for milling and the reject ore sent to heap leach

Benefits of Including Ore Sorting in the Flowsheet

• Optimizes the processing of ore material allowing a reduction in the cut-off grade, and a higher mill feed grade

• Early rejection of low-grade material before milling reduces the size of the plant required = Lower CAPEX and OPEX costs

==> picture [253 x 129] intentionally omitted <==

• OPEX also reduced due to a reduction in the energy, water and reagent consumption

• Material handling and tailings production reduced with reject ore sent to heap leach = Potentially higher gold production

• Ore sorters now form part of the flow sheet in numerous successful mining companies

• Nova’s Ore Sorting Test Work

• To date Nova’s extensive testing at Tomra has shown that ore sorting is proven to work exceptionally well, and can potentially provide an up to 10 X uplift in grade

==> picture [253 x 129] intentionally omitted <==

• Testing so far has only looked at XRT density sorting, but Steinert’s ore sorters can also sort based on a combination of XRT, colour, laser, and induction sensors

• Testing using Steinert’s multi-sensor ore sorters is currently underway on ore from both Korbel and RPM

XRT Scan of Product after Stage 1 ( 6.06 g/t ). Blue and Black = Arsenopyrite sheeted vein. Red = Granite Waste Rock.

• A bulk, up to 200 kt, pilot scale ore sort test program is also currently being planned

ASX Announcement 15 March 2021