Nova Minerals Ltd (ASX:NVA) (FRA:QM3) (OTCMKTS:QTRPF) provide the Interim Financial Report for the half year ended 31 December 2019.

HIGHLIGHTS

- 2.5 Million Ounce Maiden Gold Resource at Estelle

- Discovery of High-Grade Bulk Starter Pit at Estelle Gold

- Phase one Leach studies demonstrates Exceptional Gold Leach Recoveries Averaging 76% at the Korbel Deposit

- Continued Exploration Success with priority targets set on the Estelle Gold Property

- Drilling Program Plan Complete - Estelle Snow Road Construction Begins for 2020 drill programme

- Camp site procurement and staged for freighting to project site.

- Nova expands Estelle Gold Project area by 86% and Critical path to major milestones confirmed

- Snow Lake Signs Major MOU to Fast Track Lithium Development

- Logistics Assessment for majority-owned lithium project

- Nova Divests Interests in HPA Project

KEY UPDATES

- Successfully completed a scaled back share placement to several Institutional and Sophisticated investors raising $4.3 million, before costs

- Drilling contract awarded to Tier One Company Ruen Drilling Inc., mobilization of rigs underway.

- Nova Earns 70% interest in the Estelle Gold Camp through stage 3 expenditure

- Agreement now significantly escalates Nova's position to continue fast track development to earn 85% ownership over the very near term

- Ore Sorting Consultant Engaged to Accelerate Development at the Estelle Gold District o Drill Permits Received for the Estelle Gold Camp

- Drilling Program Commenced at the Estelle Gold Camp

- Desktop Analysis Significantly Increases the Korbel Prospect Potential within the Estelle Gold Camp

- Appointment of Chief Executive Officer

To view the report, please visit:
https://abnnewswire.net/lnk/9274O1HJ


About Nova Minerals Ltd

Nova Minerals Limited (ASX:NVA) (FRA:QM3) is an ASX-listed minerals explorer focused on lithium, gold and mineral exploration in Canada, Alaska and Australia.

The company plans to create shareholder value through two-pronged strategy:

- Capitalise on the growing demand for energy storage and the resulting demand for lithium, cobalt and nickel by fast-tracking exploration and development activities in our North American assets with particular focus on our flagship lithium project and prospective Chip-Loy Nickel Cobalt Sulphides project.

- Diversification by gaining exposure to base and precious metals through our farm-in JV at our district scale Estelle gold copper silver project and our Northern Australian gold exploration assets.

  

Contact

Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au



Link: Half Year Accounts



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Related Industry Topics:
Metals Financial General Materials General Mining Gold Zinc Mineral Sands Nickel Lithium Silver Cobalt Lead