Dear Shareholders, I am writing in order to update you on some of the activities that have been undertaken by Nova Minerals Ltd. since my last letter dated 6 August 2018. In that time, we have been working extremely hard to achieve our objective of developing our project portfolio. As a result, Nova Minerals has emerged as a multi-faceted minerals explorer and developer, focused on the outstanding opportunities for [...]
Minerals explorer and developer Nova Minerals Ltd. is pleased to announce that its majority-owned company Snow Lake Resources Ltd has entered into preliminary discussions with the Arctic Gateway Group the owners of Hudson Bay Railway for future capacity to the Tanco mine as part of the Company's initial logistics assessment. Highlights - Snow Lake in preliminary discussions with Railroad for capacity to the Tanco mine [...]
Minerals explorer and developer Nova Minerals Ltd. is pleased to announce the completion of a preliminary resource drilling program at its District Scale Estelle Gold Project in Alaska . Highlights - First round of resource drilling complete - Induced Polarization completed and reviewed - Permits and approvals in process to expand exploration footprint - Strong in-roads towards Maiden JORC Resource Gold Estimate on Oxide [...]
Minerals explorer and developer Nova Minerals Ltd. is pleased to announce that Mr Christopher Gerteisen has been appointed as General Manager of North America with a particular focus on the Estelle Gold Camp. This recently established permanent senior position includes responsibility for project and contract management and general oversight for the ramping up of exploration and development works at the Estelle Gold [...]
Minerals explorer and developer Nova Minerals Ltd. is pleased to announce its majority owned Snow Lake Resources Ltd. has signed a major Memorandum of Understanding with Tanco Mining Corporation of Canada Limited. NVA Managing Director, Mr. Avi Kimelman said: "After almost 12 months of discussions with all stakeholders we are delighted that Snow Lake resources Ltd and Tanco Mining Corporation of Canada Limited have [...]
Nova Minerals Ltd. continued its fast-track exploration strategy at the District Scale Estelle Gold Project in Alaska to take it to its maiden inferred resource in the September quarter to outline the size and scope of the project area, achieving significant milestones during the Quarter, including running IP and commencement of this resource drilling to define the resource. The maiden resource is one of 15 known large [...]
The directors of Nova Minerals Ltd. hereby advises the results of its Share Purchase Plan , which closed Monday, 29 July 2019. The Company initially 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 [...]
The directors of Nova Minerals Ltd. are pleased to advise the Share Purchase Plan has closed heavily oversubscribed. The Company received over 348 applications for over $3.2 million worth of shares, over 2.2 times the amount being sought of $1,000,000. Given the overwhelming demand from existing shareholders, the Company resolved to increase the size of the SPP and to scale back on a best as possible equal basis across [...]
The directors of Nova Minerals Ltd. wish to advise that the share purchase plan will not be extended beyond the prescribed Closing Date being 5.00pm, Monday 29 July 2019. Nova will provide an update on the final acceptances under the SPP in due course. NVA Managing Director, Mr. Avi Kimelman said: "We undertook the SPP to give existing shareholders the opportunity to buy shares on the same terms as the recent placement to [...]
Nova Minerals has a focus on gold and lithium but it also has these projects in North America where acquisition costs have been low and infrastructure, services and manpower are readily available to facilitate project development. Progress is being rapidly made with each. NVA recently successfully spun out Snow Lake Resources to develop its now-wholly owned Manitoba lithium project whilst retaining 73% and now its focus [...]
The directors of Nova Minerals Ltd. are pleased to announce the commencement of diamond drilling at the Officer Hill Gold Project Joint Venture managed by Newmont Goldcorp Tanami Pty Ltd , a wholly owned subsidiary of Newmont Goldcorp Corp.. The Project is located within EL23150 block, covers 206km2 and is located 34km southwest of the Callie deposit at Dead Bullock Soak, part of Newmont Goldcorp's gold operations in the [...]
The directors of Nova Minerals Ltd. are pleased to announce that the 3D Induced Polarization modelling has provided more firm evidence that the Oxide prospect on the Estelle Gold Project is a large scale Intrusion-Related Gold System . Results form the recently completed Inducted Polarization Survey shows that all of the previously drilled mineralization by Millrock is confined within a 10mV/V iso-surface . This [...]