Nova Minerals Limited Stock Market Press Releases and Company Profile
Logistics Assessment for majority-owned lithium project
Logistics Assessment for majority-owned lithium project

Melbourne, Aug 19, 2019 AEST (ABN Newswire) - Minerals explorer and developer Nova Minerals Limited (googlechartASX:NVA)(googlechartQM3:FRA)('Nova' or 'the Company') is pleased to announce that its majority-owned company Snow Lake Resources Ltd ('Snow Lake') has entered into preliminary discussions with the Arctic Gateway Group (which is owned by First Nations and communities, Fairfax and AGT Food and Ingredients) 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.

- Logistics solution further boosts the Thompson Brothers Lithium Project as a Canadian Tier 1 lithium deposit.

- Opportunity to further de-risk Snow Lake's low capex, clear path to production and cash flow strategy.

These initial discussions further builds upon a major Memorandum of Understanding Snow Lake signed with Tanco Mining Corporation of Canada Limited. [ASX Announcement: August 2 2019].

Further details are attached in the press release in link below.

Nova Minerals Managing Director, Mr Avi Kimelman said: "We are delighted that Snow Lake Resources Ltd is working proactively to fast-track our development works at the Thompson Brothers Lithium Project in line with our low capex, clear path to production and cash flow strategy.

"We are now in an enviable position with our initial maiden inferred JORC resource estimation report now initiated on the Oxide Korbel deposit (one of fifteen known occurrences) at the district scale Estelle gold project which shares geological similarities to that of Kinross' Fort Knox Gold and Victoria Gold's Dublin Gulch Eagles Gold Mine systems.

Furthermore, we look forward to updating the market on our 30% owned (Newmont Goldcorp 70%) Officer Hill Gold Project current drill campaign."

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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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