Share Issues and Corporate Changes
Share Issues and Corporate Changes

Melbourne, June 2, 2020 AEST (ABN Newswire) - The Directors of Nova Minerals Limited (googlechartASX:NVA) (googlechartQM3:FRA) (googlechartNVAAF:OTCMKTS) are pleased to announce that the funds have been received from Collins St Asset Management Pty Ltd ('CSVF') as part of the Prepayment Funding Facility announced on 28 May 2020 ('Facility'). Furthermore, CSVF has exercised all its listed options as announced on 28 May 2020.

The Company has issued the following:

- 12,768,749 Ordinary Shares (converted NVAO) raising the Company a further $415,000

- 18,000,000 Unquoted Options exercisable at $0.07 (7 cents) and expiring on 02 June 2022 and 4,300,000 Ordinary Shares to CSVF for arrangement of the Facility. For full details of the terms and conditions of the Facility refer to ASX announcement lodged on 28 May 2020.

Details of the Ordinary Share issue have been included in an Appendix 2A lodged with the ASX on 2 June 2020.

The Company is in a strong financial position to fast track its systematic exploration approach, seeking to significantly increase the current 2.5Moz Gold resource and simultaneously move the Korbel prospect to feasibility stage during the course of 2020.

Appointment of Co-Company Secretary

The Company has appointed Mr Romy Hersham as Co-Company Secretary. This is effective immediately.


About Nova Minerals Limited

Nova Minerals LtdNova Minerals Limited's (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) vision is to develop North America's next major gold trend. The company is focused on exploration in Alaska's prolific Tintina Gold Belt, a province which hosts a 220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including Victoria Gold's Eagle Mine and Kinross Gold Corporation's Fort Knox Gold Mine. The company's flagship Estelle Project has a current total estimated JORC gold resource of 9.6Moz (3Moz Indicated and 6.6Moz Inferred). Estelle is a 45km long string of 15 identified gold prospects bracketed by the Korbel deposit in the north and the RPM deposit in the south. These two deposits are currently host to extensive exploration programs.

Additionally, Nova has an indirect interest in the Canadian Thompson Brothers Lithium Project through a substantial stake in Snow Lake Resources Ltd (NASDAQ:LITM) and holds a 12.99% interest in Torian Resources Limited (ASX:TNR), a gold exploration company based in Western Australia.

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Contact

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



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