Nova Minerals (ASX:NVA) announces high-grade gold intercepts from RPM North drilling program

Nova Minerals Limited (Nova or the Company) (ASX:NVA) has reported further high-grade intercepts from the first eight holes of the 21 hole reverse circulation (RC) drilling program conducted in the RPM starter pit area in 2024, within its over 500km2 flagship Estelle Gold Project, located in the Tintina Gold Belt in Alaska.

Executive Commentary on RPM Drilling Results

These results speak for themselves and we believe will add considerable value to the upcoming resource update and ultimately the PFS which will be focused on RPM as a scale-able low capex/high margin project with future expansion plans achieved through cashflow as soon as possible. With further 2024 drill results to follow in short order, these results, along with the 2023 drilling will be included in the upcoming resource update. We look forward to updating all stakeholders on these fronts as we continue to progress on our path towards production and early cashflow at RPM within the greater Estelle gold and critical minerals district.

Summary of Nova Minerals (ASX:NVA) Announcement

Nova Minerals Limited (ASX:NVA) has announced further high-grade intercepts from the RPM North drilling program, confirming the continuity of near surface high-grade mineralization at the Estelle Gold Project in Alaska. The company aims to commence with a smaller scale, low capex, high-margin starter mine at RPM as soon as possible, which will provide cashflow to fund the expansion of the larger Estelle project organically. The resource update including both the 2023 and 2024 drill results is expected to be completed once all results are received. Nova Minerals is also working on a Pre-Feasibility study for RPM with the objective of getting RPM into production as soon as possible and optimizing the mine plan for highest grade with least strip material for early years. The company is also exploring the potential establishment of a small scale, stand-alone, quick start up antimony-gold mine, with potential US Dept. of Defense (DoD) support to fully secure the US supply chain.