Nova Minerals increases total gold resource estimate at Estelle Project by over 50% to 9.6 million ounces.

Nova Minerals Limited (ASX: NVA | OTC: NVAAF | FSE: QM3) has increased its total gold resource estimate by 54.9% to 9.6 million ounces (Moz) at its flagship Estelle Project, located in Alaska’s prolific Tintina Gold Province. The 9.6 Moz gold resource at Estelle is hosted at the company’s primary Korbel and RPM deposits, two of 15 major prospects over a 324m2 exploration tenement, and was estimated in accordance with the JORC Code (2012) and classified as follows:

• Korbel Main Deposit - Indicated 286Mt @ 0.3 g/t Au for 3.0Mozs (cut-off 0.15 Au g/t)

• Korbel Main Deposit - Inferred 583Mt @ 0.3 g/t Au for 5.1Mozs (cut-off 0.15 Au g/t)

• RPM Deposit - Inferred 23Mt @ 2.0g/t Au for 1.5Mozs (cut off 0.30 Au g/t)

Estelle-Gold-Project-grows-by-over-50-to-96-million-ounces

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02470722-3A584515?access_token=83ff96335c2d45a094df02a206a39ff4

Nova’s Majority owned Snow Lake Resources Prices IPO

Snowlake is a mining company engaged in lithium exploration in Manitoba, Canada. Its goal is to develop a lithium mine in Manitoba that will deliver net zero carbon, battery grade lithium to the electric vehicle, or EV, consumer market. Nova Minerals an Australian exploration company and Snowlake’s parent, will own nearly 61% of Snowlake after the IPO.

The public offering raised US$24,000,000 before costs from the issue of 3,200,000 common shares at an issue price of US$7.50 per share

Snow Lake's common shares are expected to begin trading on the Nasdaq Capital Market on 19 November 2021 (US Time) under the symbol "LITM." The offering is expected to close on 23 November 2021, subject to satisfaction of customary closing conditions.

Opened strong at $11.50 and closed at $13, up $5.50 from its offer price. shares rocketed 73% on the Nasdaq, giving the mining company a $206 million valuation.

The project is well advanced and with an Indicated Resource Estimate of 9.08 Mt @ 1.00 % Li2O using a 0.3 % Li2O cut-off grade and an Inferred Resource Estimate of 1.97 Mt @ 0.98 % Li2O using a 0.3 % Li2O cut-off grade.

In April 2019, Nova Minerals Limited spun out the Thompson Brothers Lithium Project through Snow Lake Resources Ltd. 

Nova-Majority-owned-Snow-Lake-Resources-Prices-IPO.PDF

https://snowlakelithium.com/

AGM coiming.

Consolidation coming.

Drilling results coming.

Maybe Capital raise coming.

.