Nova Minerals Ltd — Capital/Financing Update 2019

Jun 30, 2019

Market Announcement

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1 July 2019

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Nova Minerals Limited (ASX: NVA) – Trading Halt

Description

The securities of Nova Minerals Limited (‘NVA’) will be placed in trading halt at the request of NVA, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 3 July 2019 or when the announcement is released to the market.

Issued by

Todd Lewis

Adviser, Listings Compliance (Melbourne)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

1 July 2019 ASX Limited

ASX AND MEDIA RELEASE

NOVA MINERALS LIMITED ASX: NVA FSE: QM3

Nova Minerals Limited is an Australian domiciled mineral resources exploration and development company with North American Focus.

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Board of Directors:

Mr Avi Kimelman Managing Director / CEO

Mr Louie Simens Executive Director

Mr Avi Geller Non-Executive Director

Company Secretary: Mr Adrien Wing

Management:

Mr Dale Schultz Technical Lead / Chief Geologist

Mr Brian Youngs

Head of Exploration and Logistics

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1 July 2019

Todd Lewis

Principal Adviser, Listings Compliance (Melbourne) ASX Compliance Pty Limited Level 4 North Tower, 525 Collins Street Melbourne VIC 3000

By email only: todd.lewis@asx.com.au tradinghaltsmelbourne@asx.com.au

Dear Todd

REQUEST FOR TRADING HALT

Nova Minerals Limited (ASX: NVA FSE: QM3) (the Company) requests an immediate halt to the trading of the Company’s quoted securities on the Australian Securities Exchange ( ASX ) in accordance with ASX Listing Rule 17.1.

The trading halt is requested pending the release of an announcement in relation to a material capital raising.

In accordance with Listing Rule 17.1, the Company provides the following information in relation to the request:

1. The trading halt is necessary to assist the Company in managing its continuous disclosure obligations as the Company expects to make a material announcement to the market for the stated purpose.

2. The Company requests that the trading halt remains in place until the earlier of commencement of normal trading on Wednesday 3 July 2019, or when the announcement regarding the purpose is released to the market.

3. The Company expects to make the announcement to the market before the commencement of normal trading on Wednesday 3 July 2019.

4. The Company is not aware of any reason why the trading halt should not be granted or of any further information necessary to inform the market about the trading halt.

Contact:

Nova Minerals Limited Level 17, 500 Collins Street Melbourne, VIC, 3000

Please contact me if you require any further information concerning this matter.

Yours sincerely

P: +61 3 9614 0600

F: +61 3 9614 0550

W: www.novaminerals.com.au

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Adrien Wing

Company Secretary

About Nova Minerals Limited (ASX: NVA, FSE: QM3):

Thompson Bros. Lithium Project

Nova Minerals Limited has earned the right to earn up to 80% ownership interest of the Thompson Bros. Lithium Project from Ashburton Ventures Inc. by financing their commitments relating to their Option Agreement with Strider Resources Ltd.

The project is well advanced and with a maiden Inferred Resource of 6.3 Mt @ 1.38% containing 86,940 tonnes of Li2O (ASX Announcement: 27 July 2018) with an additional exploration target of 3 to 7Mt @ between 1.3 and 1.5% Li2O (ASX Announcement: 12 April 2018) in the immediate area of the resource. Initial metallurgical test work demonstrates the project can produce a concentrate material of 6.37% Li2O using standard metallurgical laboratory test techniques.

The company is in the process of spinning off the asset onto a Canadian exchange whilst holding a majority economic interest.

Alaskan Project Portfolio

Nova Minerals Limited owns 51% with the rights to earn up to 85% ownership interest of the Alaskan Project Portfolio from AK Minerals Pty Ltd. by financing their commitments relating to the JV Agreement.

The Alaskan project portfolio range from more advanced exploration projects with ore grade drill intersections to brownfield tenements. The most advanced projects are the Estelle gold project, a district scale project with a 2.2 – 5.3 million ounce gold exploration target (ASX Announcement: 6 December 2018); the Chip-Loy nickel, cobalt, copper project; the Bowser creek silver, zinc, lead project which the US government has spent in excess of $7m on this project historically; and the Windy Fork REE project.

Officer Hill Gold Project

We are committed to our joint venture with Newmont in relation to the Officer Hill Gold Project, in the Tanami region of Northern Territory.

Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9614 0600 Fax: + 61 3 9614 0550