Nova Minerals Ltd - Interim / Quarterly Report 2018

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QUARTERLY REPORT Quarter ended 31 December 2017

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NOVA MINERALS LIMITED ASX: NVA

30 January 2018

QUARTERLY REPORT – 31 DECEMBER 2017

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

P lease find a t tached the Q uarterly Ac t ivities and A ppendix 5B for the thre e month peri o d ended 31 De c ember 201 7 .

Ordinary Shares on issue: NVA: 711,891,788

Y ours faithful l y

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Listed Options: NVAO: 169,490,272

A vi Kimelma n Managing Director / CEO Nova Minerals Limited

Unlisted Options: NVAAA: 42,000,000 NVAAC: 7,500,000

Board of Directors: Mr Avi Kimelman Managin g Director / C E O Mr Louie Simens Non-Executive Direct o r

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Mr Dennis Fry

Non-Executive Direct o Mr Olaf Frederickson Non-Executive Direct o

Company Secretary: Mr Adrien Wing

Contact:

Nova Mi n erals Limited Level 17 , 500 Collins S treet Melbour n e, VIC, 3000

P: +61 3 9614 0600 F: +61 3 9614 0550 W: ww w .novamineral s .com.au

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Report for quarter ended 31 December 2017

CORPORATE

Nova Minerals Limited ( ASX: NVA ) ( Nova or Company ) is an Australian company with interests in a portfolio of mineral projects at exploration stage with focus on North America (Canada and Alaska, USA) and one joint venture project located in Australia that are prospective for lithium, gold, nickel, cobalt and other precious metals, base metals and REE’s.

CHANGE OF COMPANY NAME AND ISSUER CODE

On 14 December 2017, Quantum Resources Limited (ASX: QUR) changed its name to Nova Minerals Limited and advised the new ASX issuer code NVA.

FINANCIAL POSITION

Cash available to the Company at the end of the December 2017 quarter was $3,368,000.

On 20 November 2017, the Company announcement that it has received commitments from professional and sophisticated investor clients of Baker Young Stockbrokers and SA Capital Pty Ltd and other parties identified by the Company, none of whom are related parties of the Company, for a placement of 136,214,286 fully paid ordinary shares at an issue price of $0.014 (1.4 cents) per share, to raise approximately $1.9 million before costs ( Placement ). Each placement share was proposed to be issued together with a one for one free attaching listed option, ASX:QURO (ASX:NVAO), with an exercise price of $0.0325 (3.25 cents) and expiring on 31 August 2020.

The Placement commitments were subject to the Company receiving shareholder approval for the ratification of previous share issues (resolutions 4 and 5) and for a new issue of shares (resolution 10) at its upcoming AGM scheduled on 30 November 2017.

On 30 November 2017 the Company requested a trading halt in relation to the proposed Placement announced on 20 November 2017. Subsequently, on 04 December 2017 the Company announced a restructure to the proposed Placement previously announced on 20 November 2017. The Placement was repriced up to accelerate development work on the Thompson Bros. Lithium Project. The Company received firm commitments and strong support to raise capital on much better terms and in place of the Placement announced on 20 November 2017 from professional and sophisticated investor. Clients of Baker Young Stockbrokers and SA Capital Pty Ltd and other parties identified by the Company, none of whom are related parties of the Company, completed a placement of 156,957,144 shares at an issue price of 2.05 cents ($0.0205) per share. The placement was proposed to raise $3.22 M before associated costs and will be allocated toward the further development of the Company’s exciting Thompson Bros Lithium Project and its suite of Alaskan exploration assets. The placement comprises of the issue of 100M shares approved by shareholders at the recent 2017 AGM.

Further, 52,720,001 shares pursuant to ASX Listing Rule 7.1A and 4,237,143 shares pursuant to ASX Listing Rule 7.1. For each 4 shares subscribed under the placement, the placement provides for 5 free attaching options exercisable at 3.25 cents ($0.0325) on or before 31 August 2020 (ASX:QURO) (ASX:NVAO). These options are subject to shareholder approval at a GM on 28 February 2018. Mr Avi Kimelman proposed to take up $102,000 (4,975,610 shares) of the placement approved at the recent 2017 AGM to further align his interest with Quantum shareholders. The issue of the attaching options under the placement to Mr Kimelman will be subject to shareholder approval. A cleansing notice pursuant to Section 708A(5)(e) of the Corporations Act and Listing Rule 3.10.5A disclosure.

The Company issued 5,000,000 fully paid ordinary shares to Mr Olaf Frederickson (and his related parties) on 19 December 2017, approved by shareholders at the 2017 AGM.

SUBSEQUENT FINANCIAL EVENTS

Subsequent to the December quarter, on 19 January 2018 total of 10,000,000 unlisted options were exercised at 3.25 cents per option raising a further $325,000.

ANNUAL GENERAL MEETING

On 29 November 2017 the Company announced the withdrawal of Resolutions 7 and 8 (being the proposal to issue performance rights to Directors) under the 2017 Notice of Annual General Meeting.

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

Report for quarter ended 31 December 2017

The Board will reassess a fair and equitable remunerative securities package for each Director in due course. All other resolutions were to be considered at the AGM.

The Company held its AGM on 30 November 2017 at 11.00am at level 17, 500 Collins Street, Melbourne, VIC, 3000. All resolutions were passed on a unanimous show of hands.

TRADING HALT, SUSPENSION AND REINSTATEMENT OF TRADING

The Company requested a trading halt on 14 November 2017 and subsequently went into voluntary suspension on 16 November 2017 with relation to an agreement to farm-in and joint venture into a major portfolio of Alaskan exploration projects. The Company was reinstated quotation on 20 November 2017. For further information, refer to Alaska JV Projects section in this document.

DIRECTOR RETIREMENT AND APPOINTMENTS

On 19 December 2017, the Company announced the retirement of Mr Eli Bernstein as a Director and appointment of Mr Simens and Mr Fry as Directors of the Company.

SECURITIES ON ISSUE AT THE DATE OF THIS REPORT

CLASS OF SECURITIES	NO. OF SECURITIES ON ISSUE
Total fully paid ordinary shares (NVA) 711,891,788
Listed options exercisable at $0.0325 each on or before 31 August 2020 (NVAO) 169,490,272
Unlisted options exercisable at $0.0325 each on or before 17 November 2018 (NVAAA) 42,000,000
Unlisted options exercisable at $0.02 each on or before 31 August 2019 (NVAAC) 7,500,000

BOARD AT THE DATE OF THIS REPORT

Mr Avi Kimelman Managing Director and CEO Mr Louie Simens Non-Executive Director Mr Dennis Fry Non-Executive Director Mr Olaf Frederickson Non-Executive Director Mr Adrien Wing Company Secretary

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

Report for quarter ended 31 December 2017

PROJECT AND EXPLORATION UPDATE

THOMPSON BROS. LITHIUM PROJECT – MANITOBA, CANADA

Nova Minerals Limited 100% subsidiary, Manitoba Minerals Pty Ltd (“ MMPL ”), holds the rights to earn up to a 80% ownership interest in the Thompson Bros. Lithium Property in Wekusko Lake, Manitoba (the “ Project ”) from Ashburton Ventures Inc. (“ ABR ”), by financing ABR’s commitments under an Option Agreement with the current holder of the Project, Strider Resources Ltd (“ SRL ”).

About the Thompson Bros. Lithium Project

The Thompson Bros. Lithium Project is located 20 kilometres east of the mining community of Snow Lake, Manitoba. The main highway between Thompson and Flin Flon and rail connecting Winnipeg and the seaport of Churchill both pass 40 km south of the property. The project consists of 18 contiguous claims covering 1829 hectares and is adjacent to Far Resources (CSE:FAT) Zoro Lithium Property, host to several lithium bearing pegmatite dykes with numerous high grade intersections. Manitoba is consistently ranked one of the top mining jurisdictions in the world and electricity costs are amongst the lowest in North America. The Thompson Bros. Lithium Project contains a historical (NON-JORC COMPLIANT) resource estimate of 4,305,000 tonnes of 1.3% Li2O, open at depth and along strike. These estimates are historical estimates and are not reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the historical estimates as mineral resources and/or reserves in accordance with the JORC Code. It is uncertain that following evaluation and/or further exploration work that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code.

Exploration on the Thompson Bros. Lithium Project

Stage 1 geochemical soil sampling program commenced at Thompson Brothers Lithium Project over the remainder of the tenements on 02 October 2017, following on from the recent drilling successes and very encouraging results received during the previous quarter. From the location of the known pegmatite intersections (historic and recent), the group of tenements extends a further 5 km north along strike and an additional 1.8 km south. These areas are largely untested due to their remote location and lack of access particularly during the summer months due to the significant amount of standing water throughout the area. The program took approximately 4 weeks to complete and samples were shipped to ALS in Vancouver.

The majority of planned stage 1 geochemical sampling was completed was completed in early November as announced on 08 November 2017. A total of 978 samples were taken with a number of samples missed due to lack of access related to swamp or no soil profile to sample. All samples were compiled and freighted to the ALS lab in Yellowknife, Northwest Territories (then forwarded to ALS in Vancouver) for low level multi element analysis. There were also two lines in the centre of the program that were not sampled due to difficult access from the lake combined with poor weather conditions such that they were deferred for another day. Unfortunately the season changed before the field crew were able to return to complete the lines and they were left incomplete.

On 27 November 2017, the Company entered into a strategic Memorandum of Understanding (‘MOU’) with Far Resources (FAR.CSE) under which the two parties agreed to work together and collaborate in assessing the synergies between the companies neighbouring lithium projects (Figure 1); and the possible development of the Manitoba region whether by joint venture or other. Both companies also agreed to share data and information in respect to their neighbouring projects with the view of a fast-track approach to unlock the regions Lithium resources. The MOU with FAR formed a pivotal event for the two companies and in particular, may serve to unlock the Manitoba region as a potentially major hard rock lithium-producer. Clear synergies between the two projects will likely benefit through economies of scale. The document outlines the broad terms and principles upon which Quantum and Far Resources can confidently discuss unlocking the Manitoba region in the midst of the insatiable demand for Lithium.

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

R eport f o r quart e r ende d 31 December 2017

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Figure 1: Nova and Far Resources combined project area All sam p les taken d u ring Stage 1 geochemi c al soil sampling progra m were deliv e red to the ALS lab and we r e being ass a yed.

In mid- D ecember 2 0 17, Nova s e nior manag e ment travel l ed to Cana d a and met w ith both FA R Resour c es and Ash b urton Vent u res Inc to e x plore how best to unloc k the world c lass Manito b a district. T he Compa n y is please d confirm th a t negotiatio n s were continuing further to the MO U announ c ed on 27 N o vember 20 1 7 in determ i ning the str u cture for th e most optim a l approach to develop the region a nd create si g nificant val u e for Nova s hareholder s . The Com p any is also v ery pleased to confirm t h at the Tho m pson Bros. lithium project is strategically placed within proxi m ity to market, with direct r a il access 3 4 km from ou r project run n ing through to Nemask a Lithium’s ( T SE: NMX) p r oposed do w nstream Hy d romethydr o xide Plant and within trucking distan c e to LG Ch e m Michiga n Inc. and T e sla Nevada mega-batte r y plants (Fi g ure 2).

Nova Minerals Ltd. Level 17, 500 Col l ins Street, Melbourne, VIC, 3000. Phone: +6 1 3 9614 0600 Fax: + 61 3 9614 0550

R eport f o r quart e r ende d 31 December 2017

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Figure 2: Thompson Brothers lithium project proximity to market

On 22 D ecember 2 0 17, the company annou n ced that bu i lding upon t h e successf u l results fro m previou s drilling pro g rams, a ne w comprehe n sive 5,000- m eter drill program will c o mmence in January, 2018 ‘subj e ct to final a p provals’ at t he Thomps o n Brothers L ithium Proj e ct (“Project”), located w ithin the w o rld-class M a nitoba Lithi u m District. T he new drill program wi l l be focuse d on aggressively testing the extensi o ns of the pegmatite out c rops identifi e d along stri k e and to th e north and nor t hwest (Figu r e 3).

Th Company signed an agreem e nt with a hi g hly credentialed local drill contracto r and consultant to carry out the explor a tion-drilling program. The agreemen t provides for the drilling of diamond drill holes for a total of a n initial 5,00 0 metres pr o gram (Figur e 4). The drill holes wer e planned to d efine the extension of the mineralised system to t h e north and the parallel n orthwest st r ucture. The program ‘subject to final approvals’ was expected to c ommence i n January 2018. The co m pany was a l so pleased to have ap p ointed Mr D a le Schultz P .Geo, an e x perienced l o cal geologi s t to further strengt h en the tech n ical team to accelerate o n ground e x ploration activities. Mr S chultz will m anage and implement this u pcoming exploration pr o gram and f u rther groun d works plan n ed.

The sa m ples from t h e Stage 1 g e ochemical s oil samplin g program w e re still with the lab with results going through the fi n al review pr o cess.

Nova Minerals Ltd. Level 17, 500 Col l ins Street, Melbourne, VIC, 3000. Phone: +6 1 3 9614 0600 Fax: + 61 3 9614 0550

R eport f o r quart e r ende d 31 December 2017

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Figure 3: Pegmatites open at strike

Nova Minerals Ltd. Level 17, 500 Col l ins Street, Melbourne, VIC, 3000. Phone: +6 1 3 9614 0600 Fax: + 61 3 9614 0550

R eport f o r quart e r ende d 31 December 2017

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Figure 4: Proposed Drill Hole Locations

The Co m pany rema i ns highly confident in its ability to de v elop a worl d -class inte g rated lithiu m operati o n in the Ma n itoba distric t . The locati o n of the Project gives it k ey competi t ive strength s over other p o tential lithiu m locations w orldwide:

High quality spodumene project stra t egically loc a ted in North America
Proximity to major downstream lithium processing facilities  Proximity to major US b a ttery custo m ers (GM, B M W, Nissan, Mercedes, Tesla, etc.)  Closely loc a ted to estab l ished low c o st power in f rastructure, w ithin 1km  Strong, larg e and low c o st local wor k force with e x perience in lithium sect o r  Proximity to major trans p ortation infrastructure i n cluding 11k m to highwa y , 34km to r a il and 11km from a irport
Manitoba is a mining an d developm e nt friendly s t ate

Director s are investi g ating optio n s to extract value from t h e Thomps o n Bros. Lithium Project.

Exploration Update on the Thompson Bros. Lithium Project

The Co m pany is pleased to ann o unce an up d ate to the e xploration drilling progr a m on the Thompson Bros. Li t hium projec t as at 29 January 2018.

As safe t y first is par a mount to N o va Mineral s operation w ith maintaining the high e st efficienci e s, one of the global ice roa d constructi o n leaders h a ve been co n sulting to N o va Mineral s and working togethe r with our lo c ally based professional g eological team, project m anagers, i c e road con s truction and drill contractors on site to a s sess the ice road and make recommendations i n maintainin g the highest integrity of t h e access route through the ongoing exploration program (Fi g ure 5).

Drilling r ig and supp o rt equipme n t has been t ransported t o the first d r illing site an d the Thom p son Brother s Lithium Pr o ject explora t ion drill pro g ram has no w commenc e d with the a im to potentially extend the resource footprint an d define an i n itial resour c e estimate i n accordan ce with NI 43 - 101 standar d s (Figure 6 ) .

Nova Minerals Ltd. Level 17, 500 Col l ins Street, Melbourne, VIC, 3000. Phone: +6 1 3 9614 0600 Fax: + 61 3 9614 0550

R eport f o r quart e r ende d 31 December 2017

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Figure 5: Thompson Bros. Lithium Project ice road access route being tested for integrity to haul drilling rig and ancillary support equipment

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Figure 6: Commencement of drilling on the Thompson Bros. Lithium Project

Nova Minerals Ltd. Level 17, 500 Col l ins Street, Melbourne, VIC, 3000. Phone: +6 1 3 9614 0600 Fax: + 61 3 9614 0550

R eport f o r quart e r ende d 31 December 2017

ALASKAN PROJECT JV

The Co m pany requ e sted a tradi n g halt on 1 4 November 2017 and subsequently w ent into voluntary suspen s ion on 16 N o vember 20 1 7 with relat i on to an ag r eement to f a rm-in and j o int venture i n to a major p o rtfolio of Al a skan exploration projec t s.

The Ala s kan Projec t portfolio co m prises of fi v e distinct e x ploration pr o jects, with a total portfolio licence a rea of 192. 3 km[2] and strong potenti a l for gold, si l ver, zinc, ni c kel, copper , cobalt and r are earths under a joint v enture arrangement (J o int Venture) with AK Minerals Pty Lt d ( AKM ), an Australi a n proprieta r y company. AKM is the u ltimate ow n er of the Al a skan Projec t s through it s Alaskan subsidiary, A K Custom Mining LLC ( AKCM ).

The pro p osed Joint V enture giv e s the Comp a ny access t o a large exploration po r tfolio with diversified mineral exposure in highly pros p ective geol o gical terrain s in Alaska, in line with it s Manitoba Thomp s on Bros lithi u m project and North A m erica focus.

The Ala s kan Projec t s range fro m more adva n ced explor a tion project s with ore gr a de drill inte r sections to brow n field tenem e nts. The m o st advance d projects ar e the Estelle gold projec t , a district s c ale high tonnag e , gold, copp e r, silver pro j ect, the Chi p -Loy nickel , cobalt, cop p er project, t he Bowser c reek silver, z i nc, lead pro j ect which the US gover n ment has s p ent in exce s s of $7m o n this project historic a lly and Win d y Fork REE project.

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Figure 7: Location map of AKM's projects Alaskan Project portfolio:

Project	Area (km2 )	AKM In terest	Co mmodity Ta rget
Estelle	112.02	100 %	Dis trict-scaleA u, Ag, Cu
Bowser Creek	12.95	100 %	Po lymetallic Ag , Zn, Pb, Cu
Chip Loy / Roberts	27.19	100 %	Ni, Cu, Co, Cu , Ag±Au mas sive sulphid es
WindyF ork	16.83	100 %	RE E (Ce, La,Y )
OzznaC reek	23.31	100 %	Ag , Au, Cu, Pb , Zn, Mo

Table 1: AKM projects, land area and commodity targets

Nova Minerals Ltd. Level 17, 500 Col l ins Street, Melbourne, VIC, 3000. Phone: +6 1 3 9614 0600 Fax: + 61 3 9614 0550

Report for quarter ended 31 December 2017

The Company has entered into a binding terms sheet with AKM. The terms of the Option and the proposed Joint Venture are as follows:

(a) Option – Quantum will pay AKM a non-refundable Option fee of $50,000. The Option period is 3 months, however this can be extended at Quantum’s request for up to a further 3 months. During the Option period, QUR will undertake extensive due diligence investigations of AKM and the Projects. If Quantum proceeds to exercise the Option, it must pay an Option exercise fee to AKM of $105,000 (representing reimbursement of historic expenditure on the Projects by AKM).
(b) Stage 1 (30% interest) –Quantum will earn an initial 30% initial interest in a new entity (Newco) to be interposed between AKM and AKCM through spending $300,000 on exploration over the first 12 months from the date of exercise of the Option. Funds spent by Quantum in undertaking its due diligence investigations will count towards Stage 1 expenditure. In addition, on exercise of the Option, AKM will have the right to appoint up to two directors to the board of Quantum.
(c) Stage 2 (51% interest) – Quantum will earn a further 21% interest in Newco through spending an additional $1million on exploration over the first 2 years from the date of exercise of the Option. If Quantum does not satisfy the Stage 2 expenditure requirement in full, it must relinquish its 30% interest in Newco.
(d) Stage 3 (70% interest) – Quantum will acquire a further 19% interest in Newco through spending an additional $2 million on exploration in years 3 and 4 from the date of the exercise of the Option. If Quantum does not satisfy its Stage 3 expenditure in full, it will maintain its 51% interest.
(e) Free Carry – Quantum will continue to fund the Projects through to completion of a bankable feasibility study, at which point if AKM decides not to contribute proportionately, its interest in Newco will dilute by an industry standard formula, to a minimum 15% and a 2% net smelter royalty.

The parties formalised the terms of the proposed Joint Venture under a formal farm-in and joint venture agreement to be negotiated and finalised prior to any exercise of the Option. Nova has an exclusive and binding option agreement regarding the formation of a JV with AK Minerals Pty Ltd (“AKM”).

STATUS OF ALASKAN PROJECTS JV

The current status of the Alaskan Project JV, as at the date of this report, is as follows. For further information including appropriate disclosures, please refer to Nova ASX announcements on 20 November 2017 , 23 November 2017 and 18 December 2017 .

Subsequent to the Alaskan Projects JV announced on 20 November 2017, a due diligence update was announced on 23 November 2017 and included a review of historic data. The Company was in the process of conducting technical and legal due diligence, and was satisfied with the progress of the ongoing work. Project due diligence had been extensive, detailed, and uncovered multiple targets from data reviewed.

On 18 December 2017, the Company announced the execution of a definitive Joint Venture Agreement with AK Minerals Pty Ltd (further to the announcement made on 20 November 2017). The Alaskan project portfolio exposes Nova to earning up to an 85% interest in the Alaskan projects to highly prospective ground in south-west Alaska, one of the most exciting mining jurisdictions globally, with no dilution to existing share structure. The Alaskan projects are located in the south-west of the State, which is a mineral-rich region that has attracted the attention of some of the largest mining companies and mine finders in the world including Anglo American, Barrick Gold, BHP Billiton, Freeport-McMoRan, Newmont Mining, Teck Resources, Sumitomo Metal Mining, Kinross and Rio Tinto. Nova MD, Avi Kimelman commented, “We are excited about the Alaskan Project JV as it is an important part of our strategy to diversify and build our exposure in large scale multi-commodity and battery minerals projects.”

AKCM (AUST) PTY LTD ( AKCM JV ) was incorporated in Australia on 18 December 2017 to serve as the incorporated joint venture company between Nova and AKM. Ownership of AKCM (the Alaskan incorporated LLC that holds 100% ownership in the Alaskan Projects) is in the process of being transferred from AKCM to AKCM JV. We anticipate the transfer to be completed within the next week.

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

Report for quarter ended 31 December 2017

ESTELLE GOLD PROJECT (District-scale Au, Ag, Cu)

Highlights (as at the date of this report)

District-scale Gold-copper porphyry project - Chasing an elephant in elephant country.
Project located on Giant plutonic gold systems .
High-grade gold occurrences over the entire project area; a robust gold system.
Historic exploration only scratched the surface.
Proposed gas pipeline passes by property and near the Beluga gas power station
Adjacent to Gold mining Inc. 6.3Moz Au, 28.7Moz Ag, 480kt Cu Whistler project Source: http://www.goldmining.com/_resources/reports/Whistler-2016-Technical-Report.pdf and in the same assemblage of rocks that hosts Northern Dynasty’s giant Pebble copper-goldmolybdenum-silver deposit (70Moz Au, 3.4b lb Mo, 344Moz Ag) Source: https://www.northerndynastyminerals.com/pebble-project/reserves-resources/
Multiple walk up drill targets to be targeted to define a resource under JORC code.
Exploration target between 1.1 Moz and 2.2 Moz gold on the Oxide prospect which represents a small zone of the total project area

The Estelle Gold Project is comprised of one-hundred and seventy-three (173) unpatented mining claims located on State of Alaska public lands. There are multiple prospects within the project area; Oxide (Oxide Ridge, Oxide Valley, Oxide North and Oxide South); Stoney (Stoney, Tomahawk, Kid and Trundle); Mount Estelle (Mount Estelle, Shoeshine and Train); and Emerald (RPM and Revelation). The Estelle Gold project is located approximately 110 miles northwest of Anchorage and approximately 112 miles southeast of McGrath; within the Seward Meridian and partially within the Talkeetna A-6, Tyonek D8, and Lime Hills D-1 USGS 63,360 Quadrangles.

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

R eport f o r quart e r ende d 31 December 2017

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Figure 8: Estelle project location and prospects

The roc k s in the are a of the Oxi d e prospects are Jurassi c and Creta c eous marin e sedimenta r y rocks that are intruded by t he 65-66 M a granodiori t e of Mount E stelle (Ree d and Nelso n , 1980). Th e granodi o rite at this p rospect has a leucocrati c equigranular phase an d a porphyri t ic phase with potassi u m feldspar p henocrysts up to 10 m m in size (Co m inco American Incorpo r ated, unpu b lished report). A s describe d by Cominco American, chalcopyrit e , pyrrhotite, arsenopyrit e , molybdenite and pyrite o c cur as joint coatings, in v eins, and a s dissemina t ions adjace n t to northw e st-striking minerali z ed joint set s .

The Stoney, Trundl e , Kid and T o mahawk pr o spects are located on the northern s ide of Mt St o ney. These p rospects ar e located on the Yentna trend of Late Cretaceous / early Tertia r y composit e plutons describ e d by Reed a nd Nelson (1980). All ot h er prospec t s are locate d within and adjacent to t he Mount E stelle pluto n (Reed and Elliott, 1970 ) . In the cen t ral part of the pluton, a b iotite-hornblendequartz m onzonite in t rudes Meso z oic marine s edimentar y rocks of th e Kahiltna te r rane. It is d e scribed as a high-grade, pol y metallic vein occurrenc e located ne a r a strong, c ircular mag n etic high p o inting to the pos s ibility of ne a rby porphyr y mineralisa t ion. Native g old occurs w ith chalcop y rite, pyrite, arseno p yrite, and p y rrhotite ass o ciated with s ericite, car b onate and chlorite alter a tion in shee t ed joints, s t ockwork veinlets, and circular struct u res that range from 1 in c h to more t h an 15 feet in diameter (Millhollan d ,1995; Cro w e and othe r s, 1991; Cr o we and Mill h olland, 199 0 ). These structures are in t h e felsic and intermediat e phases of t h e pluton. Gold associat e d with pyrr h otite, chalc o pyrite, pentlan d ite and mol y bdenite als o occurs in u ltramafic ro c ks on the s o uth side of t h e pluton.

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Estelle Gold project (Oxide Target) Technical discussion

An Expl o ration Targ e t was defin e d on a ver y small area o f the Estell e gold proje ct Oxide prospect of: Lower end: 57.72 M t using an a verage gra d e of 0.6 g/t A u provides a n explorati o n target of 1.11 Moz Au

Higher end: 121.21 Mt using an average gr a de of 0.6 g/ t Au provide s an explora t ion target o f 2.33 Moz Au

The gra d e of miner a lisation, appears to incr e ase to the southeast. H o le SE12-00 4 , the south e asternmost hole drilled, intersected gold mineralis a tion throughout the maj o rity of the h o le with a hi g hlight intercept of 41.45 m e ters gradin g 1.14 gram s gold per to n ne. An ind u ced polariz a tion survey conduct e d in 2012 r e vealed a c h argeability h igh corresp o nding with the drilled mineralized tr e nd. The highest c hargeabilit y occurs sou t heast of drill hole SE12 - 004 providi n g a vector t o possible hi g hergrade m ineralisatio n to the sout h east and is a priority drill target.

Assay r e sults for co p per, silver, m olybdenu m and other m inerals wer e never ma d e public by p revious explore r s.

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Figure 9: Estelle Project - Oxide prospect exploration target area

There h a s been ins u fficient expl o ration drilli n g to estimat e a Mineral R esource a n d it is uncer t ain if further e xploration w ill result in t h e estimatio n of a Miner a l Resource. The Explor a tion Target w as estimat e d in order t o provide the market wit h an assess m ent of the p o tential scal e of the Est e lle gold project u sing the his t oric Explor a tion Results.

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FAREWELL TERRANE

The Far e well Terra n e is comprised of four p r ojects; Bow s er Creek; Chip-Loy/Ro b erts; Windy Fork; and Oz z na Creek, all centered w ithin a radius of approxi m ately 10 miles. The pro j ects are located betwee n 60 and 80 m iles south e ast of McGr a th and 148 to 160 mile s northeast o f Anchorage; within the Se w ard Meridia n , McGrath A -2, A-3 and B-2 USGS 6 3,360 Quadrangles and wholly withi n the McGrat h Mining Dis t rict.

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Figure 10: Farewell project locations Chip-Loy/Roberts Project (Nickel, Copper, Cobalt, Gold, Silver, PGE’s) Highlights

Chip-chann e l samples f r om the Chi p -Loy deposi t contain a number of hi s torical disseminated and massiv e Ni, Co, Cu sulfide sam p ling (Smith a nd Albane s e, 1985; Bu n dtzen, Rob e rts, and others, 198 2 )
Drilling plan n ed to unde r stand the e x tent and ex p and on the known Mas s ive sulphide Ni, Co, Cu minerali s ation

The Chip-Loy/Robe r ts prospect i s comprise d of forty-two (42) unpatented mining claims locat e d on State of Alaska public lands wh o lly within th e McGrath A - 3 Quadrangle. The prospects (Chip-Loy and Roberts) are descri b ed separately, although geophysical data sugge s ts the Rob e rts prospect is part of a belt of similar d e posits that includes the Chip-Loy pr o spect.

Chip-Lo y (Nickel, C o balt, Copper)

The Chip-Loy massi v e sulphide Ni-Cu-Co pr o spect was f irst discovered and stak e d by prosp e ctors Ed Chipp a n d Robert L o y in the ear l y 1960s. Si n ce then nu m erous geol o gists from i n dustry and govern m ent have vi s ited and sa m pled it. It i s located adj a cent to Str a ight Creek, o ne of the h e adwater tributari e s of the Mi d dle Fork of the Kuskok w im River. It c onsists of a n irregular, s teeply dippi n g layer of massive to disse m inated, nic k elian pyrrho t ite accomp a nied by oth e r sulfides in an elongat e , composite, diabase intrusion. T h e diabase, w hich range s from gabbr o to diorite, h as been de s cribed as a pip e in plan vie w or as a di k e. The intru s ion trends i n a northeast direction a n d cuts mid- S ilurian

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Terra C o tta Mountains Sandsto n e, a formati o n of the Dillinger subter r ane, a continental marg i n assemblage of Low e r Paleozoic age and ha s been assign as early T e rtiary age ( B undtzen 1999a).

Chip Lo y /Roberts T e chnical discussion

The Chip-Loy depo s it contains disseminated to massive sulfides, ma i nly pyrrhotit e and chalc o pyrite, with mi n or cubanite and sphalerite, and trac e galena, br a voite, violarite, tetradym i te (Bi2Te2 S ), and undeter m ined Co-Ni-Fe arsenid e s (Herreid, 1 968; Gilber t and Solie, 1 983; Bundt z en and oth e rs, 1985). T his style of d eposit has m any featur e s in common with vario u s aspects o f Canadian d eposits such as Thompson, Raglan, Voi s ey’s Bay a n d most notably the Aust r alian Frase r Range bas e d NovaBollinger discovery b y Sirius Re s ources in 2 0 12.

http://w w w.igo.com. a u/irm/conte n t/nova-proj e ct.aspx?RI D =503 https:// m rdata.usgs. g ov/ardf/show-ardf.php? a rdf_num= M G032

Figure 11 shows th e magnetic a n omaly ima g ery overlain with other geological an d geophysical targets including Re s istivity/IP a n d EM Conductors. The C hip-Loy pr o spect lies a t the contact of a magnetic high and m agnetic low zone adjac e nt to a sout h east-north w est trendin g fault exten d ing into the Rob e rts prospe c t. Chip-Loy is also locat e d adjacent t o a large hi g hly conduct i ve zone (R 2 5) extendi n g in excess of 4 km in a southwest- n ortheast tre n d within th e project ten u re. A simila r high conductive zone (R 2 4) is locate d north of th e Roberts P G E prospect zone locate d within a m a gnetic high an o maly.

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Figure 11: magnetic anomaly imagery overlain with other geological targets including Resistivity/IP and EM Conductors

Roberts (Nickel, Co p per, Cobalt, Platinum G r oup Eleme n ts)

The Ro b erts prospe c t is in a diff e rentiated, m afic-ultram a fic sill that c u ts silty lime s tone and s h ale of the Lat e Cambrian t o Early Ord o vician, Lym a n Hills For m ation, the oldest facies o f the Dilling e r subterr a ne (Bundtz e n, Harris, a n d Gilbert, 1 9 97). The sil l is undated, but believe d to be corre l ative with Lat e Triassic fe e ders in the Tatina Rive r Volcanics, a subdivisio n of the Mid d le Devonian to Lower Jurassic Mys t ic subterrane (Bundtzen, Harris, an d Gilbert, 19 9 7; T.K. Bun d tzen and G . M. Laird, written comm u nication,19 9 8). The mi n eralisation a t the Robert s prospect i s mainly

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Report for quarter ended 31 December 2017

disseminated and network-style sulfides with a notable content of platinum group elements (PGE) in the lower and middle part of the sill.

Windy Fork Project (REE’s)

Highlights

Cerium enriched REE placer gravels concentrations occur throughout large areas of the project area.
Systematic surface sampling of the placer deposit was completed by Barker (1991) during 1988.
Target drilling of REE placer gravels to define a resource under JORC code.
Bulk test sampling and trial mining planned of REE placer gravels.

The Windy Fork prospect is comprised of twenty-six (26) unpatented mining claims located on State of Alaska public lands wholly within the McGrath A-3 Quadrangle. The Windy Fork Placer occurrence is located at the confluence of the Windy Fork of the Kuskokwim River and two unnamed, north flowing tributaries draining the Windy Fork pluton (Gilbert and others, 1988). Systematic surface sampling of the placer deposit was completed by Barker (1991) during a cooperative strategic mineral assessment of the McGrath quadrangle with the Alaska Division of Geological and Geophysical Surveys.

The Windy Fork prospect is a significant accumulation of REE minerals, ilmenite, zircon, and other heavy minerals liberated from the peralkaline Windy Fork composite pluton and concentrated in a high energy glaciofluvial placer deposit (Solie, 1983; Gilbert and others, 1988; Barker, 1991; Bundtzen, Harris, and Gilbert, 1997). Although the Windy Fork pluton contains riebeckite granite, biotite granite, and pyroxene syenite phases; its average chemical composition is that of peralkaline granite (Solie, 1983). The Windy Fork pluton is radioactive and scintillometer readings taken along traverses across the intrusion range from 650-to-800 cps, about 3 times the average background for granitic rocks. High energy glaciofluvial gravels with significant heavy mineral concentrations have accumulated in an elliptical, one square kilometer area near the confluence of Windy Fork and two second order tributary streams that dissect the Windy Fork pluton (Gilbert and others, 1988). Stream bed and fan deposits contain abundant chevkinite, eudialyte, ilmenite, monazite, tscheffkinite, and zircon and minor to trace allanite, cassiterite, and thorite (Barker, 1991). Natural streaks of black sand rich in magnetite and ilmenite are very common in bedload environments. Monazite and zircon are easily identified in the field.

Bowser Creek Project (Silver-Zinc-Lead)

Highlights

During a heavy metals investigation of the southern Alaska Range in 1967 a U.S. Geological Survey Team discovered occurrences of lead, zinc and silver of potential economic significance.
The reported cost of this government project was $7 million, and the Bowser Creek exposures were considered to be the ‘find’ of the summer.
Multiple walk up drill targets to be targeted to define a resource under JORC code.

The Bowser Creek prospect is comprised of twenty (20) unpatented mining claims located on State of Alaska public lands wholly within the McGrath A-2 Quadrangle. There are three targeted prospects – Bowser Creek Headwaters; Bowser Creek Main and Bowser Creek Northeast, all located along Bowser Creek up to the headwaters.

During a heavy metals investigation of the southern Alaska Range in 1967 a U.S. Geological Survey Team discovered occurrences of lead, zinc and silver of potential economic significance. The Bowser Creek prospects were subsequently discovered during regional geological mapping and mineral investigations conducted in the southern Alaska Range by the U.S. Geological Survey and published in Reed and Elliott (1968, C 559 and 596) and Reed and Lanphere (1972). The reported cost of this government project was $7 million, and the Bowser Creek exposures were considered to be the ‘find” of the summer.

The Bowser Creek prospects consists of disseminated to massive, sulfide mineralisation in discrete, northwest trending, steeply dipping, quartz-carbonate veins and vein breccias cutting quartz porphyry

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

Report for quarter ended 31 December 2017

of the Bowser Creek composite pluton. The quartz porphyry phase, which has been radiometrically, dated 60.4 Ma; it intrudes the Early to mid-Paleozoic Dillinger subterrane (Bundtzen and others, 1988; Bundtzen, Harris, and Gilbert, 1997). A prospect map has been published by Bundtzen and others (1988). Sulfide minerals include massive sphalerite and pyrrhotite, with lesser amounts of galena, chalcopyrite, and arsenopyrite. Pyrrhotite and arsenopyrite clearly crosscut previously deposited galena, sphalerite, and pyrite.

Ozzna Creek Project (Gold, Silver, Zinc, Copper, Lead)

Highlights

The Ozzna creek prospect consists of base metal sulfide veins and replacement deposits within an extensive quartz-sericite-pyrite halo rimming a 450 meter wide, rugged, quartz monzonite breccia pipe, which forms the core of a distinctive, precipitous, 7,205-foot –high (2,197 m) peak.
Historic data to be reviewed
Drill testing to unlock a new base metals province.

The Ozzna Creek Project is comprised of thirty-six (36) unpatented mining claims located on State of Alaska public lands wholly within the McGrath B-2 Quadrangle. There are several prospects within the project area whereby they form part of a widespread polymetallic mineral belt, the Farewell Mineral belt and were one of several in a block of claims, known collectively as the BMP project, prospected by International Tower Hill Mines, Ltd., (2008).

The Ozzna Creek prospect is located on a west-flowing tributary of the Windy Fork of the Kuskokwim River. It consists of base metal sulfide veins and replacement deposits in an extensive quartz-sericitepyrite halo rimming a 450-meter-wide, quartz monzonite breccia pipe. The pipe forms the core of a distinctive, precipitous, 7,205-foot -high peak. A biotite separate from the quartz monzonite pipe gave a K-Ar age of 58 Ma. (Solie and others, 1991). A pronounced magnetic high rims the edge of the breccia pipe (Rob Kell, written communication, 1983). (The magnetic anomaly that rims the quartz monzonite breccia pipe is similar to geophysical features found in porphyry copper systems throughout the North American Cordillera.)

TELFER PROJECT

Due to reduction of the Telfer Project tenure (Exploration Licence 45/2401) to two (2) graticule blocks (624.74 Ha) from compulsory partial relinquishments and low prospective nature of the remaining tenement, the project tenure was allowed to expire on 18 December 2017. No exploration drilling was conducted on the project throughout the life of the tenement and there are no mineral resources (current or historic) defined within the project.

TANAMI (OFFICER HILLS JV) PROJECT

(Nova 100%, Newmont Option to earn up to 70%)

The Officer Hill JV Project (Exploration Licence 23150) is located in Northern Territory within the Tanami geological province, which hosts world class orogenic gold deposits including the Granites gold deposits and the operating Callie Gold Mine owned by Newmont Mining. The Company holds a single Exploration Licence located 34 kilometres southwest of the Callie Gold Mine, which at the end of 2013 had 3.01 million ounces of gold reserves. The licence was granted on 29 July 2013 for a period of six years. Exploration Licence 21350 was granted on 29th July 2013. Newmont is earning a 70% interest by spending $500,000 on exploration to 28th July 2018. Newmont recently advised Nova the following activities completed during the previous Quarter ended 30 September 2017.

Following the completion of heritage surveys in the June quarter, exploration activities during the September quarter aimed to delineate the geochemical footprint of the Officer Hill mineralised system. Work completed during the reporting period included an extensive geochemical survey utilising Newmont’s proprietary Deep Sensing Geochemistry (DSG) technique in conjunction with a regolith map for the project area.

SUMMARY

The DSG results have not been received at the end of the reporting period and will be assessed during the subsequent reporting period. Future work programs will be determined on the assessment

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and interpretation of these pending DSG sa m ple results, with the cur r ent drillhole database b e ing reviewe d and valida t ed to identify potential drill ready op p ortunities.

WORK COMPLETED

Field w o rk completed during the September q uarter con s isted of the c ollection of 199 DSG s o il sample s , which co m pleted the p r ogram for t h e year, foll o wing on fro m the June Q uarter wher e 1,214 sample s were colle c ted in April, 164 sample s in May an d 54 sample s in June, for a total of 1, 6 31 sample s .

Surface sampling o v er the area o f interest c o nsisted of t h e collection of a DSG s a mple, whic h is a Newmo n t proprietar y sampling a nd analytic a l technique involving the collection o f multiple sa m ple media at each sam p ling site. DSG samples w ere collect e d along nor t h-south tre n ding travers e s across the five priority targets at a nominal s a mple spaci n g of 800 x 5 0m (Figure 12). Access tracks were developed thr o ughout the p roject area t o aid in the collection of the sample s .

Selecte d DSG lines were exten d ed across t h e Muriel Ra n ge, covering the three m ost southe r n priority targets ( Figure 13), t o assess a n apparent 1 2 km long, e a st-west striking, 1.5ppm Au anomal y defined within h i storic RAB d rilling. DSG sampling e x tended wes t of the most eastern pri o rity target t o assess the pot e ntial for min e ralisation a s sociated wi t h abundant outcropping quartz vein s directly along strike of know n mineralisa t ion. Figure 1 4 shows a n updated re g olith interpr e tation of th e Officer Hill project.

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Figure 12: Surface Activity for the Officer Hill project (EL 23150)

Nova Minerals Ltd. Level 17, 500 Col l ins Street, Melbourne, VIC, 3000. Phone: +6 1 3 9614 0600 Fax: + 61 3 9614 0550

R eport f o r quart e r ende d 31 December 2017

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Figure 13: Map showing the location and results of previous drilling on EL 23150, with priority targets for follow-up highlighted. Some broad regolith features identified in the evaluation are annotated (adapted from Baggott, 2016)

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Figure 14: Updated regolith interpretation of the Officer Hill Prospect area

LAND MANAGEMENT

An appl i cation was m ade to the D epartment of Primary I n dustry and R esources o n 4th July requesting to waive t he require m ent to redu c e the licens e area of EL 2 3150 by 50%, pursuant to Section 29 of the Mi n eral Title A c t. The requ e st was app r oved on 25th August 2017.

Nova Minerals Ltd. Level 17, 500 Col l ins Street, Melbourne, VIC, 3000. Phone: +6 1 3 9614 0600 Fax: + 61 3 9614 0550

Report for quarter ended 31 December 2017

JOINT VENTURE EXPENDITURE

Newmont advised that expenditure was $25,406 for the September Quarter and $6,518 for the December Quarter with total committed expenditure $256,641 on the JV as at 31 December 2017.

PROPOSED EXPLORATION DECEMBER QUARTER

During the December Quarter, the assessment of the DSG results will be carried out with work programs planned accordingly and integrated into a Mining Management Plan and Exploration Works Program to be submitted to the Department of Primary Industry and Resources and the Central Land Council, respectively. A proposal to carry out a gravity survey over the project area will be compiled, with the aim of carrying out the survey at the beginning of the 2018 exploration campaign when access allows, following on from the wet season. The validation of the drillhole database will also continue during the quarter.

Newmont is in the process of compiling the December Quarterly update; a market update will be announced in due course.

NOVA’S TENEMENT HOLDINGS AS AT 31 DECEMBER 2017

PROJECT	TENEMENT NUMBER	COMPANY’S BENEFICIAL INTEREST	CURRENT AREA (KM2)	CURRENT HOLDER	COUNTRY / STATE
Tanami (Officer Hill)	EL23150	100%*	206.08 Km2	NOVA	Australia / NT

Nova 100%, Newmont Option to earn up to 70% under a farm out arrangement.

In addition:

a) MMPL, a 100% owned subsidiary of Nova, holds rights to earn up to an 80% ownership interest in the Thompson Brothers Lithium Property in Wekusko Lake, Manitoba, Canada.
b) Nova holds rights to earn up to 85% ownership interest in AKCM JV, an incorporated JV Company that holds 100% interest in the Alaskan Projects.

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

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

+Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16

Name of entity

Nova Minerals Ltd

ABN Quarter ended (“current quarter”)

84 006 690 348 31 December 2017

Consolidated statement of cash flows	Current quarter $A’000	Year to date (6 months) $A’000
1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) staff costs (e) administration and corporate costs 1.3 Dividends received (see note 3) 1.4 Interest received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Research and development refunds 1.8 Other (a) GST 1.9 Net cash from / (used in) operating activities	(105) (257) -	(214) (486) 15
	(362)	(685)

2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10)

See chapter 19 for defined terms

1 September 2016

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows	Current quarter $A’000	Year to date (6 months) $A’000
(c) investments (d) other non-current assets 2.2 Proceeds from the disposal of: (a) property, plant and equipment (b) tenements (see item 10) (c) investments (d) other non-current assets 2.3 Cash flows from loans to other entities 2.4 Dividends received (see note 3) 2.5 Other (provide details if material) 2.6 Net cash from / (used in) investing activities	(55) -	(84) (44)
	(55)	(128)

3. Cash flows from financing activities 3.1 Proceeds from issues of shares 3.2 Proceeds from issue of convertible notes 3.3 Proceeds from exercise of share options 3.4 Transaction costs related to issues of shares, convertible notes or options 3.5 Proceeds from borrowings 3.6 Repayment of borrowings 3.7 Transaction costs related to loans and borrowings 3.8 Dividends paid 3.9 Capital Raising Costs 3.10 Net cash from / (used in) financing activities	3,107 (192)	3,261 (192)
	2,915	3,069

4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 4.2 Net cash from / (used in) operating activities (item 1.9 above) 4.3 Net cash from / (used in) investing activities (item 2.6 above) 4.4 Net cash from / (used in) financing activities (item 3.10 above)	870 (362) (55) 2,915	1,112 (685) (128) 3,069

See chapter 19 for defined terms 1 September 2016

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Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Consolidated statement of cash flows	Current quarter $A’000	Year to date (6 months) $A’000
4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period
	3,368	3,368

5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts	Current quarter $A’000	Previous quarter $A’000
5.1 Bank balances 5.2 Call deposits 5.3 Bank overdrafts 5.4 Other (provide details) 5.5 Cash and cash equivalents at end of quarter (should equal item 4.6 above)	3,368	870
	3,368	870
6. Payments to directors of the entity and their associates Current quarter $A'000 6.1 Aggregate amount of payments to these parties included in item 1.2 82 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2
		Current quarter $A'000
		82


7. Payments to related entities of the entity and their associates Current quarter $A'000 7.1 Aggregate amount of payments to these parties included in item 1.2 7.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2
		Current quarter $A'000

See chapter 19 for defined terms 1 September 2016

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

	8. Financing facilities available Add notes as necessary for an understanding of the position Total facility amount at quarter end $A’000 Amount drawn at quarter end $A’000 8.1 Loan facilities 8.2 Credit standby arrangements 8.3 Other (please specify) 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well.	Total facility amount at quarter end $A’000	Amount drawn at quarter end $A’000

9. Estimated cash outflows for next quarter	$A’000
9.1 Exploration and evaluation 9.2 Development 9.3 Production 9.4 Staff costs 9.5 Administration and corporate costs 9.6 Other (provide details if material) 9.7 Total estimated cash outflows	986 259
	1,245

10. Changes in tenements (items 2.1(b) and 2.2(b) above)	Tenement reference and location	Nature of interest	Interest at beginning of quarter	Interest at end of quarter
10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced
10.2 Interests in mining tenements and petroleum tenements acquired or increased

See chapter 19 for defined terms 1 September 2016

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Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Compliance statement

1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.

Sign here: ......... ....... Date: ...30/1/18.......... (Director)

Print name: ............ Avi Kimelman

Notes

The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
See chapter 19 for defined terms 1 September 2016

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AI assistant

Nova Minerals Ltd — Interim / Quarterly Report 2018

34115_rns_2018-01-29_7fa76ee0-f1de-4601-9b68-8b7c8ba2b0c2.pdf

QUARTERLY REPORT Quarter ended 31 December 2017

NOVA MINERALS LIMITED ASX: NVA

QUARTERLY REPORT – 31 DECEMBER 2017

Mr Dennis Fry

Contact:

CORPORATE

CHANGE OF COMPANY NAME AND ISSUER CODE

FINANCIAL POSITION

SUBSEQUENT FINANCIAL EVENTS

ANNUAL GENERAL MEETING

TRADING HALT, SUSPENSION AND REINSTATEMENT OF TRADING

DIRECTOR RETIREMENT AND APPOINTMENTS

SECURITIES ON ISSUE AT THE DATE OF THIS REPORT

BOARD AT THE DATE OF THIS REPORT

PROJECT AND EXPLORATION UPDATE

THOMPSON BROS. LITHIUM PROJECT – MANITOBA, CANADA

About the Thompson Bros. Lithium Project

Exploration on the Thompson Bros. Lithium Project

Exploration Update on the Thompson Bros. Lithium Project

ALASKAN PROJECT JV

Table 1: AKM projects, land area and commodity targets

STATUS OF ALASKAN PROJECTS JV

ESTELLE GOLD PROJECT (District-scale Au, Ag, Cu)

Highlights (as at the date of this report)

Estelle Gold project (Oxide Target) Technical discussion

FAREWELL TERRANE

Figure 10: Farewell project locations Chip-Loy/Roberts Project (Nickel, Copper, Cobalt, Gold, Silver, PGE’s) Highlights

Chip-Lo y (Nickel, C o balt, Copper)

Chip Lo y /Roberts T e chnical discussion

Roberts (Nickel, Co p per, Cobalt, Platinum G r oup Eleme n ts)

Windy Fork Project (REE’s)

Highlights

Bowser Creek Project (Silver-Zinc-Lead)

Highlights

Ozzna Creek Project (Gold, Silver, Zinc, Copper, Lead)

Highlights

TELFER PROJECT

TANAMI (OFFICER HILLS JV) PROJECT

SUMMARY

WORK COMPLETED

LAND MANAGEMENT

JOINT VENTURE EXPENDITURE

PROPOSED EXPLORATION DECEMBER QUARTER

NOVA’S TENEMENT HOLDINGS AS AT 31 DECEMBER 2017

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Name of entity

Compliance statement

Notes

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