Why Is Nova Minerals Connection Between RPM Valley and North Significant for Resource Expansion?

Nova Minerals RPM Valley Drill Results: A New Era of Resource Upside

In a significant development for the mining industry, recent drill results from RPM Valley have confirmed the existence of an additional broad zone of mineralization, suggesting a promising future for resource expansion. This discovery, part of Nova Minerals Limited's ongoing exploration efforts, has been met with optimism and anticipation.

Uncovering Gold: High-Grade Intersections at RPM Valley

The exploration at RPM Valley has consistently yielded high-grade gold intersections. The results, particularly from the RPM-048, RPM-060, and RPM-063 drills, have demonstrated substantial gold presence, with intersections showing varying grades of gold per tonne (g/t Au). These findings are significant, considering the average grade of gold in the industry.

Key Drill Results:

RPM-048: Showed an average grade of 0. 7 g/t Au over a stretch of 150m.

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RPM-060: Yielded a higher average of 1. 0 g/t Au over 204m.
RPM-063: Reported a 0. 5 g/t Au over 78m and 0. 9 g/t Au over 84m.

Continuity and Expansion of Mineralization

These results have confirmed the continuity of mineralization at RPM Valley, echoing the findings of previous drilling efforts like RPM-037 and RPM-025. The consistent discovery of high-grade gold over significant lengths suggests a vast and untapped potential in the region.

Connecting the Dots: RPM Valley and RPM North

The potential connection between RPM Valley and RPM North is a subject of keen interest. Previous high-grade infill and step-out drilling at RPM North had already indicated the possibility of resource extension. The current findings at RPM Valley strengthen the case for a continuous mineralized zone stretching across these areas.

The Larger Picture: RPM's Growing System

The overall 2023 drilling program at RPM has revealed that the system is not just large but also growing. The deposit remains open in several directions, offering opportunities for discovering more high-grade pods, akin to those found at RPM North.

Towards a Standalone Mining Center

Given the successful drilling results and the proximity to the Train area, RPM is now being considered as a potential standalone mining center. This development could mark a significant shift from the initially proposed bulk mining center at Korbel.

Advanced Studies and Future Plans

PFS (Pre-Feasibility Study) level studies are currently underway, with METS Engineering conducting metallurgical test work. This work is aimed at optimizing the process flowsheet. Concurrently, mining studies by Rough Stock Mining are examining the geotechnical aspects, suggesting a minimum pit slope angle of 50 degrees.

Anticipating Further Economic Upside

The ongoing studies are expected to reveal additional economic benefits, possibly influencing the project's overall feasibility and profitability.

Upcoming Milestones and Strategic Developments

Further results from the ongoing surface exploration mapping and sampling program are eagerly awaited.
An update on the potential US listing of Nova Minerals Limited is also anticipated.

Key Focus Areas

Material PFS test work results and trade-off studies are in progress.
An updated global MRE (Mineral Resource Estimate) is expected, including potential silver.
Ongoing metallurgical and environmental test work.
A 200kt bulk pit ore sorter pilot test program is underway.

Infrastructure and Additional Opportunities

Updates on the West Susitna access road are crucial for the project's logistics.
The potential for antimony opportunities is also being explored.

Leadership Perspective: CEO's Outlook

Nova CEO, Mr. Christopher Gerteisen, expressed optimism regarding the new drilling results. He emphasized the extensive mineralized zone within RPM Valley and its significant resource upside potential. Gerteisen highlighted the unique opportunity presented by the Estelle Gold Project, with a focus on resource and exploration upside. He also mentioned the inclusion of silver in resource estimates, which could provide substantial bi-product credits.

Nova Minerals Limited's recent findings at RPM Valley mark a significant milestone in the exploration of the Estelle Gold Project. The consistent high-grade gold intersections and the potential for resource expansion underscore the strategic importance of RPM Valley in Nova's portfolio. With advanced studies and strategic plans in motion, RPM Valley is poised to become a key player in the mining industry, offering promising prospects for both the company and its stakeholders.

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