AI assistant
Nova Minerals Ltd — Interim / Quarterly Report 2019
Oct 27, 2019
34115_rns_2019-10-27_147fbbda-63ca-44ad-aa86-009755409edf.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
QUARTERLY REPORT
Quarter ended 30 September 2019
NOVA MINERALS LIMITED ASX: NVA FSE: QM3
Nova Minerals Limited (ASX:NVA FSE:QM3) is a minerals explorer and developer focused on gold and lithium projects in North America.
==> picture [141 x 45] intentionally omitted <==
Board of Directors: Mr Avi Kimelman Managing Director / CEO
Mr Louie Simens
Executive Director
Mr Avi Geller
Non-Executive Director
Mr Christopher Gerteisen Non-Executive Director General Manager Estelle / North America
Company Secretary: Ian Pamensky
28 October 2019
QUARTERLY REPORT – 30 SEPTEMBER 2019
Please find enclosed the Quarterly Activities and Appendix 5B for the three month period ended 30 September 2019.
HIGLIGHTS
-
2.5 Million Ounce Maiden Gold Resource at Estelle
-
Discovery of High Grade Bulk Starter Pit at Estelle Gold
-
Continued Exploration Success on the Estelle Gold Property
-
Snow Lake Signs Major MOU to Fast Track Lithium Development
-
Logistics Assessment for majority-owned lithium project
-
Nova Strengthens Board with Key Appointment
-
Share Purchase Plan Closes 200% Oversubscribed
-
Cash on hand at the end of the quarter of $2.631m
Yours faithfully
Management: Mr Dale Schultz Technical lead / Chief Geologist
Mr Brian Youngs Head of Exploration and Logistics
Avi Kimelman Managing Director / CEO Nova Minerals Limited
==> picture [141 x 63] intentionally omitted <==
Contact:
Nova Minerals Limited Level 17, 500 Collins Street Melbourne, VIC, 3000
P: +61 3 9537 1238 W: www.novaminerals.com.au E: [email protected]
Report for quarter ended 30 September 2019
EXECUTIVE SUMMARY
Nova Minerals Limited (ASX: NVA) (“ Nova ” or the “ Company ”) continued its fasttrack exploration strategy at the district scale Estelle Gold Project in Alaska, achieving a significant milestone with the release of a JORC compliant 2.5Moz maiden inferred resource at its oxide Korbel prospect ( Figure 1 and 2 ) in the September quarter (ASX: 11 September 2019) to outline the size and scope of the project area.
In addition, Nova is Planning/permitting/application approval for a much broader exploration area and camp infrastructure with the Company is progressing works and establishing budgets to prepare the next round of drilling to commence as soon as practical to increase size and confidence of resource and test new targets.
Furthermore, Dale Schultz and Christopher Gerteisen recently conducted a field trip to Southern Manitoba Tanco mining district. The purpose was to meet with Tanco Mine officials, and map out a future working relationship between Snow Lake Resources and Tanco Mining Corporation of Canada Limited in line with the Memorandum of Understanding (MoU) signed on 2 August 2019 ( ASX: 2 August 2019 ), whereby Snow Lake Resources will deliver lithium ore to the Tanco Mine.
Nova controlled entity Snow Lake Resource Ltd continued to progress its strategic Discussion, with Company executives attending strategic meetings in Manitoba together with downstream spodumene participants, to further advance interest from such strategic parties for the potential of a relatively quick to cash flow Direct Shipping Ore (DSO) operation. Furthermore, the company has engaged with the mines branch to commence to approval process, local mining contractors and oresorting engineering firm to fast track development.
The milestones achieved this Quarter reinforces the Company is genuinely and continues delivering on its strategy to increase ounces at Estelle Gold Project Significantly and ‘fast-track’ Thompson Brother lithium project’s development.
The Company raised a total of ~$3 million (from a significantly oversubscribed placement and SPP). The company returned cash to shareholder through an equal scale back of 20% to avoid dilution with the medium to long-term term growth plans outlined.
Following the Company’s successful progress to date at the Estelle Gold Project and Thompson Brothers Lithium Project, the Company intends to maintain this rapid progress and is in discussion with multiple parties to advance our interests for the benefit of all stakeholders.
ESTELLE GOLD PROJECT (51% JV interest, earning up to 85%)
Nova Minerals Limited (“Nova” or the “Company”) continued its fast-track exploration strategy at the district scale Estelle Gold Project in Alaska, achieving a significant milestone with the release of a JORC compliant 2.5Moz maiden inferred resource at its oxide Korbel prospect ( Figure 1 and 2 ) in the September quarter (ASX: 11 September 2019) to outline the size and scope of the project area. The Company
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9637 1238
was pleased to announce the discovery of high grade gold material for a “Starter Pit” scenario within Block B of the Oxide Korbel deposit from a phase 1 resource drilling program. Assays within this zone returned grades of up to 27.6 g/t Au within broad intercepts of 70.1m grading 1.20 g/t Au. Mineralization within the defined resource area remains open at depth and length (ASX: 2 September 2019) ( Figure 3 ). The maiden resource is one of 15 known high priority prospects across the project area that the company intends to explore by utilising its prioritised systematic exploration strategy while continuing to increase the resource at the oxide Korbel deposit both in size and confidence levels. RPM being is one of several highly ranked advanced prospect with drill intersections including 1.02g/t Au over 120.40 m . (ASX: 17 September 2019) ( Figure 6 )
==> picture [514 x 300] intentionally omitted <==
Figure 1. Plan view map of the Inferred Resource Estimate block model of the Oxide Korbel gold deposit
Interpretive 3D representations of the Oxide deposit area below illustrate topography and the Resource model enveloped by the Chargeability anomaly. Faults have been added to the model. Important to note are Targets C and D which are part of the same mineralized system and have not been drill tested to date. These targets remain open for further significant resource growth.
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
==> picture [495 x 190] intentionally omitted <==
Figure 2. Oxide Deposit Area Interpretation
==> picture [360 x 442] intentionally omitted <==
Figure 3. Cross Section 7500 N illustrating the high-grade intervals encountered during the 2019 drilling campaign.
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
Oxide Korbel Deposit Mineralization Style
The mineralization is characterized by a conjugate set of sub- to centimeter scale, commonly sheeted quartz veins. These gold-bearing veins are mineralized with arsenopyrite, pyrite and pyrrhotite and the host intrusive rocks to the veins are mineralized with disseminated sulfides. Mineralization has also been noted within the country rock adjacent to intrusive host rocks. The mineralized bodies are similar in grade, style of mineralization, deposit type and tonnage potential to the Fort Knox and the Eagle deposits which are also located in the Tintina Gold Belt of the Northern Cordillera.
Similar IRGS deposits in the region is the 9.2 million oz Au Fort Knox mine or the 6.0 million oz Au Dublin Gulch project both located within the Tintina Gold Province ( Figures 4 and 5 ) (ASX: 19 June 2019)
==> picture [257 x 216] intentionally omitted <==
Figure 4: Gold Veins from the Estelle Gold Project, Alaska
==> picture [343 x 252] intentionally omitted <==
Figure 5: Gold Veins from IRGS Au deposit in the Tintina Gold Province
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
==> picture [424 x 265] intentionally omitted <==
Figure 6. RPM Location Map
Indicative exploration and development timetable for Estelle Gold Project
As outlined above, after successfully confirming its maiden resource at the Estelle Project, the Company plans to fast track exploration at the Project, with a view to progressively upgrade and expand the resource base. The Company's funds will be invested in a series of ongoing exploration campaigns - including targeting, mapping, geophysics and drilling programs – across the district-scale Estelle Project.
Immediate priorities will include a resource upgrade at Oxide Korbel Block A and B, a resource expansion to include Oxide Korbel Block C and D, and a project-wide resource statement to build on the maiden 2.5Moz inferred gold resource ( ASX: 11 September 2019 ). The Company will update the market on its exploration progress and results, and will also seek to fast track preliminary economic assessment (PEA) studies on the Oxide Korbel resource area. See Table 1, below, for an indicative timeline of key upcoming activity planned for the Estelle Gold Project.
==> picture [407 x 159] intentionally omitted <==
Table 1: Indicative timetable of critical path of district-scale Estelle Gold Project
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
Prioritised Systematic Exploration Strategy
The Company’s ranked and prioritised systematic exploration strategy and activities at Estelle are guided by an exploration “Project Pipeline” process to maximise the probability of multiple major discoveries ( Table 1 )( Figure 2 and 3 ). Each Milestone is defined by a specific deliverable and has each criteria needs to be ticked to determine which prospect must pass through before moving to the next Milestone. Economic criteria and probability of success increase as projects move along the pipeline. The methodology helps to ensure work is carried out across all stages of the process, cost are kept minimal and that focus is kept on the best quality targets and that the pipeline is kept full with early Milestone projects.
EXPLORATION PROGRAM Big Picture (Historical Data Review) Airborne geophysics Soil Sampling Alteration Mapping IP Surveys overlay of Alteration Zone Target Prioritisation RC and/or Diamond Drilling
Table 2: Prioritised Systematic Exploration Strategy
==> picture [376 x 234] intentionally omitted <==
Figure 7: Estelle Project Pipeline
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
==> picture [326 x 331] intentionally omitted <==
Figure 8: Location of known prospects to be followed up
THOMPSON BROS. LITHIUM PROJECT – MANITOBA, CANADA (73.8% Interest in Snow Lake Resources Ltd)
Nova Minerals Limited 73.8% held subsidiary, Snow Lake Resources Ltd. (“ Snow Lake ”), owns 100% interest in the Thompson Bros. Lithium Property in Wekusko Lake, Manitoba. Capital allocation is an everyday discussion within the Nova Group to get best returns in the short, medium and long term for its investors. The Directors and lead management have an opportunity to fast track the Thompson Brothers Lithium Project to cash flow in a very short period.
As outlined above, the advantages in allocating financial and human resources to advance the project far outweigh listing the company at this stage. The company will look at increased valuation upon mine ready. With Snow Lake Resources Ltd passing all criteria to be listed, the company can list at any time and will do what will create best value with timing being key to this, for all stakeholders.
About the Thompson Bros. Lithium Project
The Thompson Bros. Lithium Project is located 20 kilometres east of the mining community of Snow Lake, Manitoba ( Figure 12 ). 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. Together with the 100% owned Crowduck project the total landholding is 5229 ha across all claims. Manitoba is consistently ranked one of the top mining jurisdictions in the world and electricity costs are amongst the lowest in North America. The project is well advanced and with a maiden Inferred
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
Resource of 6.3 Mt @ 1.38% containing 86,940 tonnes of Li2O with an additional exploration target of 3 to 7 Mt @ between 1.3 and 1.5% Li2O 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 currently fast tracking development works to bring the project to cash flow in the near term.
Sinomine Resources Group/Tanco Mine Tour
Dale Schultz and Christopher Gerteisen recently conducted a field trip to Southern Manitoba Tanco mining district. The purpose was to meet with Tanco Mine officials, and map out a future working relationship between Snow Lake Resources and Tanco Mining Corporation of Canada Limited in line with the Memorandum of Understanding (MoU) signed on 2 August 2019 ( ASX: 2 August 2019 ), whereby Snow Lake Resources will deliver lithium ore to the Tanco Mine.
The conclusion from the meeting was that Tanco Mining Corporation of Canada Limited would take any and all spodumene material that Snow Lake will deliver to the Tanco rail siding in Molson Manitoba ( Figure 9 ). A pricing mechanism is being developed in line with plans for a formal off take agreement to be established in the near term. This material will be used for initial flotation testing to fully re-commission the Tanco lithium circuit as part of the fast track cash flow proposition for Nova majority owned Snow Lake Resources by providing this DSO product. In addition, and as part of the field trip Christopher Gerteisen received a full tour of the Tanco mine operations.
==> picture [263 x 303] intentionally omitted <==
Figure 9: Tanco Rail Siding in Molson Manitoba
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
Re-Logging and Re-Sampling of 2017 Drill Core
During the summer months of 2019 a re-logging and re-sampling program was conducted on the first round of drilling (TBL-001 to TBL-006) completed in 2017. The purpose was to more selectively sample previous ore zones and standardise the logging to the 2018-drilling program (TBL-007 to TBL-024). Samples have been shipped to Saskatchewan Research Council in Saskatoon Saskatchewan and results are expected shortly. This data will be included in a new Resource Study that will be published by January 2020.
==> picture [350 x 417] intentionally omitted <==
Figure 10: Sample Shipment heading to SRC in Saskatoon.
PQ Drilling Program
Applications have been submitted to Mike Armstrong, Northwest Regional Lands Manager - Sustainable Development Manitoba for a Work Permit to allow Snow Lake Resources the opportunity to drill between three to five PQ holes into the Thompson Brothers Lithium Deposit. The large diameter PQ core will but used in future metallurgical/ore sorting studies and rock mechanics testing.
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
Differential GPS Surveying
Snow Lake Resources will retain the services of CanMine Consulting to conduct a Differential GPS Surveying program at the Thompson Brothers Project. Tasks will include survey of all drill collars, delineation of the geometry of all exposed pegmatite bodies, and conduct drone mapping over areas of the proposed Bulk Sampling program ( Figure 10 ). These works will commence in October 2019.
==> picture [303 x 310] intentionally omitted <==
Figure 11: Pegmatite outcrop at the Thomson Brothers Deposit. Future location of Bulk Sample Quarry
Bulk Sample Planning – winter of 2020.
Application are being prepared for the Manitoba Mines Branch requesting the opportunity to be granted a Advance Exploration Permit to conduct a surface Bulk Sampling program over the Thompson Brother Lithium Deposit.
The project will consist of a small aggregate quarry removing between 3000 to 6000 tonnes of spodumene bearing pegmatite. Conceptually, the quarry dimension will be 20 to 40 metres long, 10 meters wide, and 6 metres depth. The quarry material will be hauled from the project down the existing winter road and sent for testing to Tanco’s testing facility in Southern Manitoba by rail.
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
==> picture [393 x 508] intentionally omitted <==
Figure 12: Location Map for the Thompson Brothers Lithium Bulk Sample Project to be sent down the existing winter road and sent to Tanco’s testing facility in Southern Manitoba by rail
Ore-Sorting Scoping Study
Snow Lake Resources is starting the process of investigating the potential of utilizing Ore-Sorting Technology on the spodumene bearing pegmatites at the TBL projects and has now engaged engineering group DRA Global to commence these works. Consultants have been engaged to help guide the initial scoping studies that will identify appropriate sensors and sorting algorithms. Ore-Sorting has the potential to significantly increase lithium grade and reduce Capex of the project by minimizing the size and scale of floatation plants, processing infrastructure, and tailings impoundments.
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
SUBSEQUENT EVENTS
Nova added an additional 101.65 km2 tenement secured adjoining the current Estelle Gold Project area in Tintina Gold Belt, Alaska ( APPENDIX A - Schedule of tenements B ) representing an 86% increase in tenure held, taking the total Estelle claims group to 220Km2 ( Figure 13 ).
==> picture [357 x 492] intentionally omitted <==
Figure 13: New Tenement Blocks
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
==> picture [435 x 305] intentionally omitted <==
Figure 14: Estelle Regional Map
The company has put its primary focus on allocating capital to upgrade and expand its gold resource inventory at the Estelle Gold Project and fast track cash flow from the Snow Lake Resources TBL Lithium Project. With no strong bidders on the outlying REE prospects (outside of the Estelle Gold Project scope of work area) and rents due the company subsequently relinquished all non-core claims within the Alaskan JV (ASX: 18 December 2017) to fully focus on advancing its core assets.
The Nova board remains in discussions with the Halcyon Resources Pty Ltd in relation to extracting value from its interest the Tambellup Kaolin Deposit, which is High Purity Alumina (HPA) and high purity silica from kaolin clay using their innovative production method, the Griffin Process.
Subsequently, The Company had sought to raise $1 million under the SPP. Nova received applications from 346 eligible shareholders worth $3,135,000 in valid subscriptions under the SPP. As a result, the board of directors will increase the amount raised under the SPP to $2,508,000. Despite the increase in the size of the SPP, the Company found it necessary to scale back the applications. The scale back was applied at approximately 20% on an equal basis across all eligible shareholder applicants, which after much work has taken place now puts Nova in a strong financial position to and fast track its project portfolio.
The milestones achieved this Quarter reinforces the Company is genuinely on track and continues delivering on its strategy of creating value for shareholders. Nova remains confident that key upcoming milestones will prove successful to demonstrate the resource and exploration scale of the District Scale Estelle Gold Project and the further potential to maintain its fast track strategy to near term cash flow through Snow Lake on the Thompson Brothers Lithium Project.
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
NOVA’S TENEMENT HOLDINGS AS AT 30 SEPTEMBER 2019
A list of Nova’s Tenement Holdings as at the end of the Quarter is presented in APPENDIX A - Schedule of tenements A with additional notes below.
CORPORATE
• PLACEMENT, SHARE PURCHASE PLAN AND EXERCISE OF OPTIONS
Subsequently, on 3 July 2019, the Company $500,000 was raised through a placement to sophisticated and institutional investors and sophisticated and institutional investors not eligible to participate in the SPP offer (“Placement”). The Company also announced an offer to eligible shareholders for the opportunity to increase their holdings in the Company through a share purchase plan (“SPP”) to raise up to $1 million, with the ability to accept oversubscriptions subject to ASX listing rules requirements. The board of directors increased the amount raised under the SPP to $2,508,000, taking the total capital raise to over $3 million with no capital raising fees.
Subsequently, the NVAAC option were converted bring in a further $140,000.00
• SECURITIES ON ISSUE AT THE DATE OF THIS REPORT
| CLASS OF SECURITIES | NO. OF SECURITIES ON ISSUE |
|---|---|
| Total fully paid ordinary shares (NVA) 932,034,151 |
|
| Listed options exercisable at $0.0325 each on or before 31 August 2020(NVAO) 437,238,282 |
|
| Director and Management options exercisable at 4.00c on or before 19 September 2022 60,00,000 |
• BOARD AT THE DATE OF THIS REPORT
Mr Avi Kimelman Managing Director and CEO Mr Louie Simens Executive Director Mr Chris Gerteisen Non-Executive Director Mr Avi Geller Non-Executive Director Mr Ian Pamensky Company Secretary
• FINANCIAL POSITION
Cash available to the Company at the end of the 30th September 2019 quarter was $2,631,000.00
-ENDS-
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
Further information:
Investor Enquiries: Avil Kimelman Chairman/ MD E: [email protected] P: +61 433 212 696
Ian Pamensky Company Secretary E: [email protected] P: +61 414 864 746
About Nova Minerals
Nova Minerals Limited (ASX:NVA FSE:QM3) is a minerals explorer and developer focused on gold and lithium projects in North America.
Nova has a diversified portfolio of projects across the US, Canada, and Australia. Two of the key projects include Nova’s Estelle Gold Project in Alaska, which holds some of North America’s largest gold deposits, and the company’s majority-owned Snow Lakes Resources, a lithium project in Canada.
Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalise on the growing demand for lithium-based energy storage.
To learn more please visit: https://novaminerals.com.au/
COMPETENT PERSON STATEMENT
Mr Dale Schultz, Principle of DjS Consulting, who is Nova groups Chief Geologist and COO of Nova Minerals subsidiary Snow Lake Resources Ltd., compiled the technical information in this release and is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS), which is ROPO, accepted for the purpose of reporting in accordance with ASX listing rules. Mr Schultz has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Schultz consents to the inclusion in the report of the matters based on information in the form and context in which it appears.
FORWARD LOOKING STATEMENT
Certain statements in this document are or maybe “forward-looking statements” and represent Nova’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Nova, and which may cause Nova’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Nova does not make any representation or warranty as to the accuracy of such statements or assumptions.
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
Report for quarter ended 30 September 2019
APPENDIX A
SCHEDULE OF TENEMENTS A
The schedule of tenements held by the Company at the end of the Quarter is shown below.
| elow. | ||
|---|---|---|
| Tenement/Claim | Location | Beneficial Percentage held |
| ADL 726071 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726072 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726073 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726074 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726075 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726076 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726077 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726078 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726079 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726080 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726081 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726082 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726083 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726084 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726085 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726086 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726087 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726088 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726089 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726090 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726091 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726092 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726093 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726094 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726095 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726096 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726097 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726098 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726099 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726100 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726101 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726102 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728676 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728677 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728678 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726103 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726104 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726105 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726106 | Alaska, USA | 51% (JV, earning up to 85%) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9637 1238
| ADL 726107 | Alaska, USA | 51% (JV, earning up to 85%) |
|---|---|---|
| ADL 726108 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726109 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726110 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726111 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726112 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726113 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726114 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726115 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726116 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726117 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726118 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726119 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725949 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725950 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726120 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726121 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726122 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726123 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726124 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726125 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726126 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726127 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726128 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726129 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726130 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726131 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726132 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726133 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726134 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726135 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726136 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726137 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726138 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725951 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725952 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725953 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725954 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725955 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726139 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726140 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726141 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726142 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726143 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726144 | Alaska, USA | 51% (JV, earning up to 85%) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
| ADL 726145 | Alaska, USA | 51% (JV, earning up to 85%) |
|---|---|---|
| ADL 726146 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726147 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726148 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726149 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726150 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726151 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726152 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726153 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726154 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726155 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726156 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726157 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726158 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725940 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726159 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726160 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726161 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726162 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726163 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726164 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726165 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726166 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725941 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725942 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725943 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726167 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725944 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725945 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726168 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726169 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726170 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726171 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726172 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726173 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725946 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725947 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725948 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726174 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726175 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726176 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726177 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726178 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726179 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 727286 | Alaska, USA | 51% (JV, earning up to 85%) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
| ADL 727287 | Alaska, USA | 51% (JV, earning up to 85%) |
|---|---|---|
| ADL 727288 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 727289 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728679 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728680 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728681 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728682 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728683 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 728684 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726180 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726181 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726182 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726183 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726184 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726185 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726186 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726187 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726188 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726188 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726190 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726191 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726192 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726193 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726194 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726195 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726196 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726197 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726198 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726199 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726200 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726201 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726202 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726203 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726204 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726205 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726206 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726207 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726208 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726209 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726210 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726211 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726212 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726213 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726214 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 726215 | Alaska, USA | 51% (JV, earning up to 85%) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
| ADL 726216 | Alaska, USA | 51% (JV, earning up to 85%) |
|---|---|---|
| ADL 725956 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725957 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725958 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725959 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725960 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725961 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725962 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725963 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725964 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725965 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 725966 | Alaska, USA | 51% (JV, earning up to 85%) |
| (MB1052) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB1053) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (P3203F) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (P3033F) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB6301) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB6303) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (P3035F) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (W49853) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (P2818F) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (P7463B) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (P7464B) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (W47380) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (W47378) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB6305) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB5737) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB5736) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB5735) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB9830) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| (MB12130) | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13493 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13494 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13495 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13496 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13497 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13498 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13499 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13500 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13501 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13502 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13503 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13504 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13505 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13506 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
| MB13507 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
|---|---|---|
| MB13508 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13509 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| MB13510 | Manitoba, Canada | 73.8% (Interest in Snow Lake) |
| EL23150 | NT, Australia | Newmont Goldcorp 70% / Nova 30% |
| EL 70/4969 | WA, Australia | 26.3% (Interest in Halcyon) |
SCHEDULE OF TENEMENTS B
| Tenement/Claim | Name | **Location ** | Beneficial Percentage Held |
|---|---|---|---|
| ADL 730362 | Korbel 1 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730363 | Korbel 2 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730364 | Korbel3 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730365 | Korbel 4 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730366 | Korbel5 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730367 | Korbel6 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730368 | Korbel 7 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730369 | Korbel8 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730370 | Korbel9 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730371 | Korbel 10 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730372 | Korbel 11 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730373 | Korbel 12 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730374 | Korbel 13 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730375 | Korbel 14 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730376 | Korbel 15 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730377 | Korbel 16 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730378 | Korbel 17 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730379 | Korbel 18 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730380 | Korbel 19 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730381 | Korbel 20 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730382 | Korbel 21 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730383 | Korbel 22 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730384 | Korbel 23 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730385 | Korbel 24 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730386 | Korbel 25 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730387 | Korbel 26 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730388 | Korbel 27 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730389 | Korbel 28 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730390 | Korbel 29 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730391 | Korbel30 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730392 | Korbel31 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730393 | Korbel32 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730394 | Korbel33 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730395 | Korbel34 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730396 | Korbel35 | Alaska, USA | 51% (JV, earning up to 85%) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
| ADL 730397 | Korbel 36 | Alaska, USA | 51% (JV, earning up to 85%) |
|---|---|---|---|
| ADL 730398 | Korbel 37 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730399 | Korbel 38 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730400 | Korbel 39 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730401 | Korbel 40 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730402 | Korbel 41 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730403 | Korbel 42 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730404 | Korbel 43 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730405 | Korbel 44 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730406 | Korbel 45 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730407 | Korbel 46 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730408 | Korbel 47 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730409 | Korbel 48 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730410 | Korbel 49 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730411 | Korbel 50 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730412 | Korbel 51 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730413 | Korbel 52 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730414 | Korbel 53 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730415 | Korbel 54 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730416 | Korbel 55 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730417 | Korbel 56 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730418 | Korbel 57 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730419 | Korbel 58 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730420 | Korbel 59 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730421 | Korbel 60 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730422 | Korbel 61 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730423 | Korbel 62 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730424 | Korbel 63 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730425 | Korbel 64 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730426 | Korbel 65 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730427 | Korbel 66 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730428 | Korbel 67 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730429 | Korbel 68 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730430 | Korbel 69 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730431 | Korbel 70 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730432 | Korbel 71 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730433 | Korbel 72 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730434 | Korbel 73 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730435 | Korbel 74 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730436 | Korbel 75 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730437 | Korbel 76 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730438 | Korbel 77 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730439 | Korbel 78 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730440 | Korbel 79 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730441 | Korbel 80 | Alaska, USA | 51% (JV, earning up to 85%) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
| ADL 730442 | Korbel 81 | Alaska, USA | 51% (JV, earning up to 85%) |
|---|---|---|---|
| ADL 730443 | Korbel 82 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730444 | Korbel 83 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730445 | Korbel 84 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730446 | Korbel 85 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730447 | Korbel 86 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730448 | Korbel 87 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730449 | Korbel 88 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730450 | Korbel 89 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730451 | Korbel 90 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730452 | Korbel 91 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730453 | Korbel 92 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730454 | Korbel 93 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730455 | Korbel 94 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730456 | Korbel 95 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730457 | Korbel 96 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730458 | Korbel 97 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730459 | Korbel 98 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730460 | Korbel 99 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730461 | Korbel 100 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730462 | Korbel 101 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730463 | Korbel 102 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730464 | Korbel 103 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730465 | Korbel 104 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730466 | Korbel 105 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730467 | Korbel 106 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730468 | Korbel 107 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730469 | Korbel 108 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730470 | Korbel 109 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730471 | Korbel 110 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730472 | Korbel 111 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730473 | Korbel 112 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730474 | Korbel 113 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730475 | Korbel 114 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730476 | Korbel 115 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730477 | Korbel 116 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730478 | Korbel 117 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730479 | Korbel 118 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730480 | Korbel 119 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730481 | Korbel 120 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730482 | Korbel 121 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730483 | Korbel 122 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730484 | Korbel 123 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730485 | Korbel 124 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730486 | Korbel 125 | Alaska, USA | 51% (JV, earning up to 85%) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
| ADL 730487 | Korbel 126 | Alaska, USA | 51% (JV, earning up to 85%) |
|---|---|---|---|
| ADL 730488 | Korbel 127 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730489 | Korbel 128 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730490 | Korbel 129 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730491 | Korbel 130 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730492 | Korbel 131 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730493 | Korbel 132 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730494 | Korbel 133 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730495 | Korbel 134 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730496 | Korbel 135 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730497 | Korbel 136 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730498 | Korbel 137 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730499 | Korbel 138 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730500 | Korbel 139 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730501 | Korbel 140 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730502 | Korbel 141 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730503 | Korbel 142 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730504 | Korbel 143 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730505 | Korbel 144 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730506 | Korbel 145 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730507 | Korbel 146 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730508 | Korbel 147 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730509 | Korbel 148 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730510 | Korbel 149 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730511 | Korbel 150 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730512 | Korbel 151 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730513 | Korbel 152 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730514 | Korbel 153 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730515 | Korbel 154 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730516 | Korbel 155 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730517 | Korbel 156 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730518 | Korbel 157 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730519 | Korbel 158 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730520 | Korbel 159 | Alaska, USA | 51% (JV, earning up to 85%) |
| ADL 730521 | Korbel 160 | Alaska, USA | 51% (JV, earning up to 85%) |
Nova Minerals Ltd. Level 17, 500 Collins Street, Melbourne, VIC, 3000. Phone: +61 3 9537 1238
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 84 006 690 348
Quarter ended (“current quarter”)
30 September 2019
| Consolidated statement of cash flows | Current quarter $A’000 |
Year to date (3 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 (e) administration and corporate costs (f) Legal, audit, ASIC , ASX , share registry fees 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 |
(890) (449) (178) 23 |
(890) (449) (178) 23 |
| (1,494) | (1,494) |
- See chapter 19 for defined terms
1 September 2016
Page 1
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 (3 months) $A’000 |
|---|---|---|
| 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment (b) tenements (see item 10) (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 |
(80) | - - - (80) |
| (80) | (80) | |
| 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 Share buy back 3.10 Net cash from / (used in) financing activities |
3,008 150 - |
3,008 150 |
| 3,158 | 3,158 |
- See chapter 19 for defined terms
1 September 2016
Page 2
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 (3 months) $A’000 |
|---|---|---|
| 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) 4.5 Effect of movement in exchange rates on cash held 4.6 Cash and cash equivalents at end of period |
1,031 (1,494) (80) 3,158 16 |
1,031 (1,494) (80) 3,158 16 |
| 2,631 | 2,631 | |
| 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) |
2,631 | 1,031 |
| 2,631 | 1,031 |
| 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 | 121 |
| 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 |
The amounts included at 6.1 relate to payments for the CEO remuneration, executive director fees and payments for non-executive directors fees. All payments were made in the ordinary course of business.
- See chapter 19 for defined terms 1 September 2016
Page 3
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
| 7. | Payments to related entities of the entity and their | Current quarter |
|---|---|---|
| associates | $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 |
| 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 |
9. Estimated cash outflows for next quarter |
9. Estimated cash outflows for next quarter |
$A’000 | $A’000 | $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 Total estimated cash outflows |
400 - - - 350 |
||||
| 750 | |||||
| 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
Page 4
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: ..28 October 2019....
Print name: . Avi Kimelman (Director)
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
Page 5