Nova Minerals Ltd — Investor Presentation 2021

Apr 28, 2021

ASX ANNOUNCEMENT

ASX: NVA, OTC: NVAAF, FSE: QM3

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29 April 2021

Company Presentations

Nova Minerals Limited ( Nova or Company ) ( ASX: NVA, OTC: NVAAF, FSE: QM3 ) CEO Mr Chris Gerteisen will be presenting at the Gold Events Virtual “Gold Conference” on 29 April 2021 and the ShareCafe “Hidden Gems” Webinar on 30 April 2021.

Details for registering for these virtual events are:

• Gold Events - https://goldevents.com.au/vgc-29-apr-2021/

Thursday 29 April 2021 at 09:30am AEST

• ShareCafe - https://www.sharecafe.com.au

Friday 30 April 2021 at 1230pm AEST

To learn more please visit: https://novaminerals.com.au/estelle-gold/.

This announcement has been authorised for release by the CEO, Mr Chris Gerteisen.

- Ends -

Further information:

Christopher Gerteisen Ian Pamensky CEO and Executive Director Company Secretary E: info@novaminerals.com.au E: info@novaminerals.com.au P: +61 3 9537 1238 P: +61 414 864 746

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Nova Minerals Limited

ACN: 006 690 348 ASX: NVA OTC: NVAAF

Office:

Contact:

P: +61 3 9537 1238 E: info@novaminerals.com.au W : www.novaminerals.com.au

Nova Minerals Ltd is a dynamic Australian explorer and developer of its expanding flagship 4.7Moz Estelle Gold project situated in Alaska

Suite 602, 566 St Kilda Road Melbourne, VIC, 3004 Australia

ASX: NVA | OTCQB: NVAAF | FSE: QM3

www.novaminerals.com.au

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Nova is a dynamic Australian explorer and developer with one of the fastest growing gold deposits globally

Disclaimer and Forward Looking Statement

The information contained in this confidential document (“Presentation”) has been prepared by Nova Minerals Limited (the “Company”). It has not been fully verified and is subject to material updating, revision and further amendment.

advisers give, have given or have the authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as “Information”) and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation. Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved to terminate any discussions or negotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgement, analysis and assumptions and each recipient should satisfy itself in relation to such matters.

Neither this presentation nor any copy of it may be (a) taken or transmitted into the United Kingdom, Canada, Japan or the United States of America, their territories or possessions; (b) distributed to any U.S. person (as defined in Regulation S under the United States Securities Act of 1933(as amended)) or (c) distributed to any individual outside Australia, Canada or Japan who is a resident thereof in any such case for the purpose of offer for sale or solicitation or invitation to buy or subscribe any securities or in the context where its distribution may be construed as such offer, solicitation or invitation, in any case except in compliance with any applicable exemption. The distribution of this document in or to persons subject to other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction.

assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed from the announcements released on the ASX on 05 October 2020.

Competent person statement

Mr Dale Schultz P.Geo. , 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 presentation 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.

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Nova Minerals - A Standout Growth Opportunity

Unlocking a district

Aiming to be the next low-cost gold producer in Alaska while growing gold resources

• ➢ Continued Potential for Resource Growth

• 4.7Moz Au Inferred Resource[1] within Korbel Main (Blocks A and B)

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• continue throughout 2021

• ➢ Leverage in the emerging gold bull market

• ➢ Many Near-Term Catalysts

• further Korbel resource upgrade and RPM maiden resource in late 2021

• ○ Unlocking the Estelle gold district

• ○ Growing intrinsic value through strategic investments

Nova delivering responsible ESG business practices that lead to both the creation of strong economic returns for our Shareholders, and shared value for our stakeholders.

• ➢ Proven Leadership Team

• ➢ Extensive Mining History in the Region ○ Favours straightforward development pathway

• See NVA ASX announcement on 6 April 2021 for further details

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Estelle Gold District

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185 km northwest of Anchorage 15 km - Whiskey Bravo Airstrip 15 km - proposed Donlin Pipeline

LOCATION

Aircraft: Anchorage to Whiskey Bravo Helicopter: Whiskey Bravo to Property Winter Road Access: Available Multi-Season Access Road:

ACCESS

Nova Minerals and the Alaska Industrial Development Export Authority (AIDEA) have recently approved a joint agreement to advance studies for the West Susitna Access Road

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Indicative Timeline:

Flow Sheet - late May Interim Scoping Study - July RPM Drilling commence - May RPM Maiden Resource - September Korbel Main Resource upgrade - 4th Quarter

Assay results to flow throughout 2021

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drilling ongoing with Resource upgrade planned for late 2021

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Mineral Resource Estimate Block Model, Korbel Gold Deposit ( ASX: 6 April 2021)

4.7Moz Inferred Resource Remains Wide Open

Plan 140 meters from surface Cross Section at 6,874,775 mN

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Huge Untested Regional Potential - Expanded Tenure

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• Expanded claim block to 324km[2 ] (125 sq miles) across 507 state claims

• Korbel Main remains the main drilling focus and continues to grow with potential for new zones

• Four known intrusions outside the Korbel area plus more than 15 priority targets

● High potential to extend existing Mineral Resource of 4.7Moz (Korbel Main only) with known deposit still open

• Drill testing of regional targets to commence in 2021

	Inferred Mineral Resources	Inferred Mineral Resources	Inferred Mineral Resources
Cut-off (Au g/t)	Tonnes (Millions)	Grade (g/t Au)	Ounces (Millions)
0.10	748	0.2	5.6
0.15	518	0.3	4.7
0.25	234	0.4	3.0
0.35	112	0.5	1.8
0.45	57	0.6	1.1

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Next Up - RPM Prospect Initial drill location planned at RPM to commence this quarter with maiden resource planned for 2nd half of 2021

2nd half of 2021	2nd half of 2021
SE12-008 From (m)			To (m)	Grade g/t		Width
Intersection 4.27			180.78	0.79		177.39
Includes 26.00			146.40	1.02		120.40
Includes 75.19			125.36	1.76		50.17
Sampling of high-grade reconnaissance rock chips,
defne expanded footprint of high priority target
within the RPM Prospect
Rock samples returned high-grade gold results:
● 291 g/t,103 g/t, 13.1			g/t, 9.3 g/t, 9.0 g/t, 8.8			g/t and 5
g/t

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Nova commenced work in 2018 and exponentially increased Estelle Gold resource over a short period of time

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

Resource
Drilling
Ongoing
1- Korbel
Main
extension
4.7Moz
and infill
3.3Moz
2-RPM
Maiden
2.5Moz 3.3Moz
Resource
Field activity 2.5Moz
commenced
Years
Million Ounces
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See NVA ASX announcement on 05 October 2020 and 06 April 2021 for further details

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Korbel Main Project Development

On the fast track to production whilst unlocking the Estelle Gold District

• De-risking studies and works underway:

• Metallurgy and environment studies

• Onsite sample prep lab and infrastructure

• Initial metallurgical testwork on Korbel:

• Bulk/Particle Ore sorting

• Gravity/Flotation

• Carbon In Pulp (CIP)

• Fine Grind/Intensive Leach

• Heap Leach

• "Snapshot in time" interim scoping study to assess:

• Mining/Process optimisation

• Mine design and infrastructure

• Optimal engineering design

• Trade off studies - power/process

• Economic estimation

Fort Knox gold mine Open Pit

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The resource is amenable to pre-concentration using an XRT ore sorting whereby our test work to date has clearly shown a 10x increase in grade can be achieved (ASX:15 March 2021)

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Nameplate capacity is the 1800 tons per hour XRT-based sorting plant at the Umm Wu’al phosphate mine in Saudi Arabia

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Investments - Positioned for Further Growth

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~74% owned

To learn more please visit: https://snowlakeresources.com

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12.99% owned

To learn more please visit: https://www.torianresources.com.au/

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9.9% owned

To learn more please visit: https://rotorxaircraft.com/

“Our metrics for evaluating our managerial performance is simply how quickly we develop our assets and what strategic positions we have acquired at well below inherent value. From small beginnings we have evolved to have a large and growing gold endowment, unlocking a district in a top tier jurisdiction, taken strategic positions in companies with significant growth potential with Nova’s long-term sustainability in mind to benefit all stakeholders.” CEO, Mr. Christopher Gerteisen

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THANK YOU

MORE INFO:

Email: info@novaminerals.com.au Website: www.novaminerals.com.au